Elon Musk, the world's richest person, is now bringing his electric car company Tesla to Tesla. Since the meeting of Prime Minister Narendra Modi and Allen Musk last month, it was fully estimated that now Tesla will come to India. A few days later, the company had intensified the exercise to open its showrooms in India, hiring the staff. Now another big update has come out that Tesla's first showroom will open in Mumbai and the company is also going to pay a strong fare for it.
Tesla has announced to open its first showroom in India at the Bandra-Kurla Complex (BKC) of Mumbai, the financial capital of the country. For this, the company has rented a 4000 square foot area. It is worth noting that Apple also opened its first showroom in India in BKC.
America's Electric Vehicle (EV) company Tesla has rented his first showroom in India, which has rented 4,000 square feet instead of. For that, the company is going to pay more than Rs 35 lakh every month. Allen Musk's company Tesla will also get some parking space with this fare. Cre Matrix has shared documents about this.
Tesla's arrival in India has been waiting for a long time. Alan Musk himself has been striving for this since 2022, but every time the matter used to get stuck on the import duty on electric vehicle in India. The government has recently implemented a new electric vehicle policy.
According to this, if a foreign company commites an investment of at least $ 500 million in India and sets up its assembling plant within 3 years, then it can import EV on 15 percent import duty. Earlier this rate of tax was from 70 to 110 percent.
This showroom of Tesla can be in the maker Maxity. He has taken this place on a 5 -year lease. Every year the fare of the showroom will increase by 5 percent, which will reach Rs 43 lakh per month in 5 years. This showroom of Tesla is near the first Apple store in the country. The company has leased this place from the Universe Properties. The initial monthly fare of Tesla's showroom is Rs 881 per sq ft. The company has deposited a security deposit of Rs 2.11 crore for this.
