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'Will be unprofitable': Redditors on Tesla's Rs 35 lakh-per-month-showroom in Mumbai's BKC
Business Today
·
6m ago
Medial
Tesla plans to open a Mumbai showroom with a monthly lease of Rs 35 lakh, followed by another in Delhi's Aerocity. The company may import vehicles from its Berlin facility for the Indian market, aiming for a price under $25,000 to increase accessibility. Current US starting prices are approximately $35,000. Job openings in customer support, operations, and business support have been posted for Mumbai and Delhi on LinkedIn.
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Elon Musk’s Tesla to set up first India showroom in Mumbai’s BKC
YourStory
·
5m ago
Medial
Tesla is set to open its first showroom in India, having leased a 4,000-sq ft space in Mumbai's Bandra Kurla Complex. The company, led by Elon Musk, will pay over Rs 35 lakh monthly rent, with annual increments. The showroom, near India's first Apple store, hints at future plans for local manufacturing. The lease, secured from Univco Properties, lasts five years with a significant security deposit, marking Tesla's entry into the Indian market.
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Tesla takes 4,000-sq ft in BKC for ₹35L a month. Can Indians afford Elon Musk's cars?
Business Today
·
5m ago
Medial
Tesla has leased a 4,000-square-foot space in Bandra Kurla Complex (BKC) for ₹35 lakh per month. With Tesla's expansion into India, there is speculation about the affordability and demand for Elon Musk's electric vehicles in the Indian market. The move reflects Tesla's ambitions to tap into India's growing demand for electric vehicles, although questions remain about whether the high-cost cars will attract Indian consumers, given the country's price-sensitive market.
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Tesla hiring in Mumbai and Pune: 20 job openings amid India sales debut plans
Business Today
·
5m ago
Medial
Tesla is expanding its operations in India by hiring for 20 positions in Mumbai and Pune. The company aims to open a showroom in Delhi's Aerocity and has already established its first Indian office in Pune. Plans also include another showroom in Mumbai's Bandra Kurla Complex (BKC). Additionally, Tesla is considering potential manufacturing facility sites near Pune, specifically in the Chakan and Chikhali areas.
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Tesla gets Maharashtra RTO nod to start show-room, sell its EVs
Economic Times
·
1m ago
Medial
Tesla has received approval from Maharashtra's Regional Transport Office (RTO) to open a showroom, display vehicles, provide test drives, and sell cars in India. The Andheri RTO granted a trade certificate, allowing Tesla to display and operate unregistered vehicles for road tests and other activities. Tesla's showroom will open in Mumbai's Bandra Kurla Complex, and its service center and warehouse will be located nearby, marking Tesla's official entry into the Indian market.
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Tesla's first India showroom starts taking shape in Mumbai
Economic Times
·
2m ago
Medial
Tesla is establishing its first showroom in India, located in Mumbai's Bandra-Kurla Complex. The 4,000 square foot showroom is set in Maker Maxity, near Jio World Drive, which is home to India's first Apple showroom. Despite recent leadership changes, Tesla is moving forward with its India expansion plans, also leasing additional space for a vehicle service area in Kurla West. Tesla's strategy focuses on showrooms and selling imported vehicles rather than manufacturing locally.
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Tesla opens first India showroom in Mumbai, partners with ACKO for integrated insurance
YourStory
·
1m ago
Medial
Tesla has officially entered the Indian market by launching its first experience center at Mumbai's Maker Maxity Commercial Complex. Partnering with ACKO, Tesla aims to offer seamless insurance processes for its buyers. The showroom features the Model Y, available in a rear-wheel-drive configuration, starting at Rs 59.89 lakh. The initiative was inaugurated by Maharashtra Chief Minister Devendra Fadnavis. Meanwhile, ACKO, founded in 2016, continues its consumer insurance services across various sectors, achieving notable revenue growth.
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JP Morgan leases office in Mumbai’s BKC in Rs 1,000-cr rental deal
Economic Times
·
2m ago
Medial
JP Morgan has pre-leased over 116,210 sq ft of office space for ten years in Sumitomo's commercial tower at Mumbai's Bandra-Kurla Complex (BKC). The lease, requiring a monthly rent of Rs 6.91 crore, is renewable for three additional five-year terms. Total rental is estimated over Rs 2,500 crore for 25 years. The space, located on the 11th and 12th floors, will likely serve as JP Morgan’s India headquarters.
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Tesla India takes on lease 8,200 sq ft commercial space in Delhi's Aerocity
Economic Times
·
22d ago
Medial
Tesla is expanding its presence in India by leasing 8,200 sq ft of commercial space in Delhi’s Aerocity for Rs 17.22 lakh per month, according to CRE Matrix. The lease is for nine years, with a 15% rent escalation every 36 months. This follows Tesla's setup in Gurugram, Haryana, where it leased a 33,000 sq ft space for a service center and sales outlet. These moves indicate Tesla's commitment to strengthening its foothold in the Indian market.
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First Tesla store in India to open next week — What we know so far - The Economic Times
Economic Times
·
1m ago
Medial
Tesla will open its first Indian store, an 'experience centre' in Mumbai's Bandra-Kurla Complex, on July 15. This follows the leasing of a 4,000-square-foot showroom and vehicle service area in Mumbai. The move marks Tesla's fourth commercial space in India, with plans to open another store in Delhi. Tesla has also started shipping vehicles, including Model Y SUVs, to India, as it builds its operations and hires locally despite recent leadership changes.
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Puravankara extends Mumbai footprint, to redevelop Breach Candy society
Money Control
·
11m ago
Medial
Bengaluru-based real estate developer Puravankara has acquired the redevelopment rights to Miami Apartments in South Mumbai's upmarket Breach Candy neighborhood. This marks the company's first project in the lucrative south Mumbai market. The acquired apartments are situated on a 2,000 square meter plot of land, with home prices in the area ranging from Rs 1.25 lakh to Rs 1.40 lakh per square foot. Additionally, Puravankara has entered into a joint development agreement in Bengaluru to develop a 1.95-acre land parcel in the Electronics City suburb.
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