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'Will be unprofitable': Redditors on Tesla's Rs 35 lakh-per-month-showroom in Mumbai's BKC

Business Today

Business Today · 5m ago

'Will be unprofitable': Redditors on Tesla's Rs 35 lakh-per-month-showroom in Mumbai's BKC

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

YourStory · 5m ago

Elon Musk’s Tesla to set up first India showroom in Mumbai’s BKC

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.

Tesla takes 4,000-sq ft in BKC for ₹35L a month. Can Indians afford Elon Musk's cars?

Business Today

Business Today · 5m ago

Tesla takes 4,000-sq ft in BKC for ₹35L a month. Can Indians afford Elon Musk's cars?

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.

Tesla gets Maharashtra RTO nod to start show-room, sell its EVs

Economic Times

Economic Times · 26d ago

Tesla gets Maharashtra RTO nod to start show-room, sell its EVs

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.

Tesla's first India showroom starts taking shape in Mumbai

Economic Times

Economic Times · 1m ago

Tesla's first India showroom starts taking shape in Mumbai

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.

Tesla opens first India showroom in Mumbai, partners with ACKO for integrated insurance

YourStory

YourStory · 22d ago

Tesla opens first India showroom in Mumbai, partners with ACKO for integrated insurance

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.

First Tesla store in India to open next week — What we know so far - The Economic Times

Economic Times

Economic Times · 27d ago

First Tesla store in India to open next week — What we know so far - The Economic Times

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.

JP Morgan leases office in Mumbai’s BKC in Rs 1,000-cr rental deal

Economic Times

Economic Times · 1m ago

JP Morgan leases office in Mumbai’s BKC in Rs 1,000-cr rental deal

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.

Puravankara extends Mumbai footprint, to redevelop Breach Candy society

Money Control

Money Control · 10m ago

Puravankara extends Mumbai footprint, to redevelop Breach Candy society

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.

Food services sector may grow at 8% CAGR in 2024-28: NRAI report

Economic Times

Economic Times · 1y ago

Food services sector may grow at 8% CAGR in 2024-28: NRAI report

A report by the National Restaurant Association of India (NRAI) projects a compound annual growth rate of 8.1% for the food services sector from 2024 to 2028. The industry is estimated to be worth Rs 5.7 lakh crore in FY24 and is expected to grow to Rs 7.8 lakh crore by FY28. The report also highlights an increase in the frequency of eating out, with consumers dining out an average of 3.7 times per month and ordering food 4.2 times per month. The industry is the second-largest employer in India and is expected to grow by over 20% by 2028.

Twitch to fire 500 employees, about 35% of its staff

Livemint

Livemint · 1y ago

Twitch to fire 500 employees, about 35% of its staff

According to a report by Bloomberg, Amazon's livestreaming platform Twitch is planning to lay off around 500 employees, which accounts for about 35% of its staff. This comes after a series of executive departures from the company. The layoffs are expected to be announced on January 10th. Despite its reliance on Amazon's infrastructure, running a large-scale website like Twitch supporting 1.8 billion hours of live video content a month is said to be "enormously expensive". Twitch has been focusing on advertising but remains unprofitable, even after being acquired by Amazon nine years ago.

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