Tesla opens first showroom in India
Digest more
3hon MSN
Musk has talked about India for years. This time, the groundwork is finally being laid. The next few months will show if this is the start of something lasting.
Trilegal has advised Maker Group on the licensing of its premium retail premises in the iconic Maker Maxity, Bandra Kurla Complex (BKC), to Tesla India. The Fir
Tesla has made its long-awaited entry into India with the opening of its first showroom — nine years after CEO Elon Musk first teased the move in April 2016 and following years of delays and shifting timelines in one of the world’s largest automotive markets.
With its sales cratering in the West, the electric vehicle giant is making a high-stakes pivot to the world's third-largest auto market.
2don MSN
Experts told CNBC that Tesla will compete in the premium segment of the market with the likes of BMW, rather than with local EVs like those from Tata Motors.
Tesla’s long-awaited India debut comes as the government considers lowering EV import duties in a U.S. trade deal.