Tag Archives: EV market

American electric vehicle (EV) giant Tesla has secured a 4,000-square-foot space in Mumbai’s Bandra Kurla Complex (BKC) for its first showroom in India. The company, promoted by billionaire Elon Musk, will be paying a monthly rent of over Rs 35 lakh for the premium commercial space, which also includes parking facilities.

The anticipated arrival of billionaire Elon Musk in India has triggered speculations about Tesla's imminent investment plans for the country's electric vehicle (EV) market. Musk's visit is expected to mark a crucial phase in finalizing Tesla's entry into India, with potential announcements regarding investment plans and the establishment of manufacturing facilities.