August 4, 2023

Tesla Leases Office Spaces in Pune’s Viman Nagar During a Meeting with Modi

US-based Electric Vehicle manufacturer, Tesla soon after a meeting with the top executives said that it has selected office spaces in Pune’s Viman Nagar Locality. Pune is known as one of Asia’s largest industrial hubs having more than 4,000 manufacturing enterprises.

Tesla’s Chief executive officer Elon Musk stated that a manufacturing unit will be established in India and already registered one Indian arm in Bangalore. The significance of the company is known by the fact that the automobile Industry is among the greatest in the manufacturing sector.

The company’s Indian Arm, Tesla Motor & Energy leased an area of 5,850 sq. ft. of co-working center on the first floor in Panhsil Business Park and it has an estimated monthly rental paid will be 11.65 lakhs with 5% escalation after every 12 months.

Therefore, Tesla would be able to tap into India’s expanding consumer base of 1.4 billion people, and India would be able to support its manufacturing drive by successfully persuading the most valuable automaker in the world to produce its vehicles on its soil.

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