Tesla Ramps Up India Strategy With New Warehouse Space Lease

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SUMMARY

Tesla will pay a monthly rent of INR 37.53 Lakh, totaling INR 24 Cr over the lease term.

The Elon Musk-led company will use the space as a sales, service and delivery of its EVs and will further look to expand within the facility

A couple of days back, Union Minister HD Kumaraswamy said that while Tesla will commence operations in India via showrooms, it is not interested in manufacturing in the country

Elon Musk-led Tesla has reportedly leased a new warehouse space in…



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Tesla Ramps Up India Strategy With New Warehouse Space Lease


SUMMARY

Tesla will pay a monthly rent of INR 37.53 Lakh, totaling INR 24 Cr over the lease term.

The Elon Musk-led company will use the space as a sales, service and delivery of its EVs and will further look to expand within the facility

A couple of days back, Union Minister HD Kumaraswamy said that while Tesla will commence operations in India via showrooms, it is not interested in manufacturing in the country

Elon Musk-led Tesla has reportedly leased a new warehouse space in…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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