Tesla Inc. (NASDAQ: TSLA) has ramped up its plan to enter the Indian market by scouting for locations to open showrooms and hiring an executive to lead its lobbying and business efforts, Reuters reported Wednesday, citing sources familiar with the discussion.
What Happened: Tesla is looking for commercial properties as large as 20,000 to 30,000 square feet each to open showrooms and service centers in the three major Indian cities of New Delhi, Mumbai and Bengaluru. The Elon Musk-led company is said to have hired global property consultant CBRE Group Inc. (NYSE: CBRE) for the showroom searches.
In addition, the electric vehicle maker has reportedly recruited Manuj Khurana, a former executive of India’s investment promotion body Invest India, to lead its policy and business development efforts in the country. Khurana will also handle Tesla’s market-entry process in India, as per the report.