American multinational automotive company Tesla has officially entered the Indian market with the launch of its Model Y electric vehicle, as the company opens its first showroom in Mumbai today.
Maharashtra Chief Minister Devendra Fadnavis attended an inauguration ceremony and invited Tesla to establish its research and development and manufacturing facilities in Maharashtra. The Chief Minister said Mumbai is not just the financial, commercial and entertainment capital of India, but also an entrepreneurial hub. He invited the global Electronic Vehicle major to consider the state as a partner in its journey.
Tesla is finally in India with the launch of its first showroom in Mumbai. Located in the heart of the city, Bandra Kurla Complex (BKC), the 4,000-square-foot space marks the beginning of the electric vehicle giant’s long-awaited entry into the Indian market.
This flagship showroom, also referred to as a Tesla Experience Centre, is expected to be followed by more outlets in major metros, including New Delhi. The move comes as Tesla looks to explore new growth markets amid slowing demand in its established territories.
Tesla’s Mumbai showroom is located at BKC, one of the city’s most upscale commercial districts. The rent for the showroom, reportedly, is Rs 35 lakh per month. Exclusive photographs obtained by NDTV show the storefront fully branded with the Tesla logo, and a white Tesla vehicle, partially covered, inside the showroom.