Tesla prepaering to start business in India, may open first showroom in Mumbai

American Electric Vehicle (EV) Maker Tesla may soon start business in India. The company is preparing to open the first showroom in Mumbai. For this, a space lease of 4,000 square feet has been taken at a commercial tower at Bandra Kurla Complex (BKC) in Mumbai.

A media Report According to, Tesla will pay around Rs 35 lakh per month for the space of this showroom. Tesla’s Chief Elon Musk held a meeting with Tesla’s Chief Elon Musk during Prime Minister Narendra Modi’s visit to the US last month. Tesla’s plan may initially import EV from its factory in Berlin, Germany. The initial price of the company’s electric cars can be $ 25,000 (about 24 lakh rupees). In the next few years, the company can set up its factory in the country.

The central government is working on a new policy to promote the manufacturing of EV in the country. In March last year, the government reduced custom duty to 15 percent on imports of EV with special conditions. In the new EV policy, the turnover may be required to increase Rs 2,500 crore within the second year of car makers for car makers. With this, the government can reduce import duty further. There was a need to invest a minimum of Rs 4,150 crore to start manufacturing in the policy introduced last year. Manufacturing was to be started within three years. The new EV policy can be announced this month. Applications received for this can be approved in the next few months.

For the import in India, Tesla may initially depend on its gigafactory in Berlin, Germany. After this, the company will start manufacturing in the country. A recent Bloomberg report reported that Tesla plans to sell electric cars in Delhi, Mumbai and Bangalore initially. However, it is not known which Tesla models will be brought to the country. The company has factories in the US, China and Germany. The US and China are big markets for Tesla. The company is getting a tough competition from the Chinese EV maker byd.