Tesla scouts for showroom space in India, hires exec for lobbying: Report

By Reuters3 days ago

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By Aditi Shah and Aditya Kalra

NEW DELHI (Reuters) - Tesla Inc is scouting for locations to open showrooms in three Indian cities and has hired an executive to lead its lobbying and business efforts ahead of its planned entry into the country, sources familiar with the discussions told Reuters.

The electric-car maker in January registered a local company in India, where it is expected to import and sell the Model 3 sedan by as early as mid-2021, seeking to target rich customers in a niche market.

The world's most valuable automaker by market capitalisation is looking for commercial properties as large as 20,000-30,000 square feet each to open showrooms and service centres in the capital New Delhi, financial hub Mumbai in the west and tech city Bengaluru in the south, three sources said.

Separately, Tesla has recruited Manuj Khurana, a former executive of India's investment promotion body Invest India, in the first major hire to lead its policy and business development efforts in the country, two other sources said.

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