Tesla Inc is scouting for showroom service center locations of 20,000 to 30,000 square feet each in New Delhi, Mumbai, and Bengaluru, ahead of its planned entry into India.
Global property consultant CBRE Group Inc is conducting showroom searches for Tesla and is focusing on locations that will give the company easier access to affluent customers.
The automaker has also hired Manuj Khurana, a former executive of India’s investment promotion body Invest India, to lead its policy and business development efforts in the country.
In January, Tesla registered a local company in India that would import and sell the Model 3 sedan by as early as mid-2021.
In October, Tesla CEO Elon Musk tweeted that his company will surely enter India in 2021.
However, India has low adoption of electric vehicles (EVs), posting just 5,000 EV sales out of the global total of 2.4 million sold last year. Meanwhile, EV sales in China reached 1.25 million last year. India also has a negligible charging infrastructure and high taxes on imported cars.
India’s road minister is ready to offer incentives to ensure the carmaker’s production cost would be less than in China.


Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns
Serica Energy to Acquire Pharos Energy for £145.7M, Sending PHARP Shares Soaring
CATL Shares Jump as $5.6 Billion Buyback Signals Confidence in Long-Term Growth
Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight
Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance
SAP Beats Q2 Revenue Estimates as Cloud Backlog and Business AI Demand Drive Growth.
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum
Intel Stock Slips After Earnings Rally Despite Strong AI-Driven Revenue Growth
Zabka Shares Drop 10% as Seven & i Abandons Investment Plans
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth
Paramount-Warner Bros. Merger Delayed Until 2027 Amid Antitrust Lawsuit
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline
Shein Reports $99 Million Loss Ahead of Hong Kong IPO as U.S. Tariffs Hit Sales
Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend
Brown-Forman Rejects Sazerac’s $15 Billion Takeover Bid as Family Backs Independence 



