Tesla has restarted its search for showroom space in New Delhi and adjacent regions, which may be a sign that the automaker has resumed its India plan.
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Tesla has resumed its search for showroom space in New Delhi, which is a key sign that the Elon Musk-led electric car manufacturer has started rethinking entering the Indian market after putting the company’s investment plans in the country on hold earlier this year. Tesla was initially looking for space for its showrooms in New Delhi. However, the search was paused when the automaker put the investment plan on hold indefinitely. However, with the brand restarting the search could be a major move for the company to resume its India plan.
Tesla is currently in early-stage talks with real estate development company DLF to secure space in the national capital region, news agency Reuters reported. Besides that, the electric vehicle giant is also in discussions with others. Tesla is reportedly looking for 3,000 to 5000 square feet to create a consumer experience center as well as a space three times larger for its delivery and service operations. The auto major is evaluating multiple locations including DLF’s Avenue Mall in southern Delhi and the Cyber Hub office and retail complex in nearby Gurugram city, the report further added. However, Tesla’s search for showroom space is still at an exploratory level and nothing has been finalized so far.
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First Published Date: 11 Dec 2024, 07:23 AM IST
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