financetom
Business
financetom
/
Business
/
Tesla picks showroom sites in New Delhi, Mumbai to start India sales, sources say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Tesla picks showroom sites in New Delhi, Mumbai to start India sales, sources say
Feb 18, 2025 6:02 AM

By Aditya Kalra

NEW DELHI (Reuters) - Tesla has selected locations for two showrooms in the Indian cities of New Delhi and Mumbai, moving closer to its long-delayed plans to sell its electric cars in the country, sources familiar with the matter said.

The U.S. carmaker has been hunting for showroom space in India since late last year in order to start sales in the world's third biggest auto market, after putting market entry plans on hold in 2022.

Indian Prime Minister Narendra Modi met Tesla CEO Elon Musk in the United States last week and discussed issues including space, mobility and technology.

Tesla has selected space to lease in the Aerocity area near New Delhi's international airport for a showroom, said two people familiar with the discussions, who declined to be named as the matter is private.

The Aerocity area boasts hotels, retail outlets and offices of global corporations.

In Mumbai, the carmaker has chosen space in the business and retail hub of Bandra Kurla Complex near the city's airport, the first person said. Both the Delhi and Mumbai showrooms will be around 5,000 square feet (464.52 square metres) in size, the source said.

Opening dates for the outlets have not yet been decided, but Tesla plans "to sell imported EVs in India ... these deals are for showrooms, not service centres," the first person said, adding that Tesla will operate the outlets.

Tesla did not immediately respond to a request for comment.

The company also posted job ads this week for 13 mid-level roles in India, including some store and customer relationship managers.

Musk has long criticised India for having high import tariffs of around 100% on EVs. Tesla has repeatedly lobbied to relax them but has faced opposition from local automakers who think Tesla's entry could hit their EV plans.

U.S. President Donald Trump last week called out India's high duty on cars, but agreed with Modi to work towards an early trade deal and resolve their standoff over tariffs.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Poland, US firms sign contract to design nuclear power plant
Poland, US firms sign contract to design nuclear power plant
May 25, 2025
WARSAW, April 28 (Reuters) - U.S. firms Westinghouse Electric and Bechtel signed a contract on Monday with Poland's state-owned Polskie Elektrownie Jadrowe (PEJ) to continue designing the country's first nuclear power plant, after an initial agreement expired at the end of March. Poland is seeking to reduce its reliance on coal and chose Westinghouse in 2022 to build the plant...
Riyadh Air willing to buy Boeing planes from cancelled Chinese orders, CEO says
Riyadh Air willing to buy Boeing planes from cancelled Chinese orders, CEO says
May 25, 2025
DUBAI (Reuters) - Riyadh Air CEO Tony Douglas on Monday said that the Saudi startup carrier would be ready to buy Boeing ( BA ) aircraft destined for Chinese airlines if they are not delivered due to the escalating trade war between the United States and China. Boeing ( BA ) is looking to resell potentially dozens of planes locked...
Pfizer's Potential Invasive Bladder Cancer Treatment Meets Primary Endpoint
Pfizer's Potential Invasive Bladder Cancer Treatment Meets Primary Endpoint
May 25, 2025
05:52 AM EDT, 04/28/2025 (MT Newswires) -- Pfizer ( PFE ) said Saturday that its investigational drug sasanlimab in combination with standard of care Bacillus Calmette-Guerin as induction and maintenance therapy in patients with high-risk non-muscle invasive bladder cancer met its primary endpoint of event-free survival in a phase 3 trial. The trial showed a 32% reduction in the risk...
Copyright 2023-2026 - www.financetom.com All Rights Reserved