US EditionTesla reservation emails hint at imminent launch in India
- Tesla is preparing its entry into the Indian market.
- Government policy changes last year lowered duties and spurred market growth.
- The company leased office and showroom spaces and began hiring staff.
- Tesla plans investment up to $2 billion, requiring a $500 million minimum for duty benefits.
- This bolsters Tesla's presence, aiming to compete with existing market leaders.
13 Articles
13 Articles
Tesla reservation emails hint at imminent launch in India
A report this week says that Tesla has sent out a new batch of emails to some of its earliest reservation holders in India, suggesting that the company’s highly anticipated launch of electric vehicles (EVs) in the country could be imminent. As seen in emails viewed by Bloomberg in a Friday report, Tesla has begun refunding early reservation holders in India, indicating that the U.S. automaker seems to be nearing its official debut in the country…
Tesla Refunds Early India Bookings Signaling Entry Is Near
Tesla Inc.’s India office is refunding early bookers of its Model 3, according to emails seen by Bloomberg News, sparking speculation the American electric vehicle maker is nearing a roll out in the world’s third-largest automobile market.
Tesla Expands India Presence With New Office In Maharashtra
Elon Musk-led Tesla is bolstering its presence in India by leasing office space near Mumbai’s Bandra-Kurla Complex (BKC). An ET report said that the global EV maker has leased a 30 seater space in the co-working hub of Phoenix Market City at a monthly rent of INR 3 Lakh. A source close to the development told the publication that the new working space will help the company to support its local hiring efforts, regulatory coordination, vendor meet…
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