{"id":193332,"date":"2024-12-11T22:47:18","date_gmt":"2024-12-11T22:47:18","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/11\/tesla-said-to-have-restarted-search-for-new-delhi-showroom-with-dlf\/"},"modified":"2024-12-11T22:47:18","modified_gmt":"2024-12-11T22:47:18","slug":"tesla-said-to-have-restarted-search-for-new-delhi-showroom-with-dlf","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/12\/11\/tesla-said-to-have-restarted-search-for-new-delhi-showroom-with-dlf\/","title":{"rendered":"Tesla Said to Have Restarted Search for New Delhi Showroom with DLF"},"content":{"rendered":"
\"Tesla<\/div>


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Elon Musk’s\u00a0Tesla\u00a0has resumed its\u00a0search\u00a0for\u00a0showroom\u00a0space in\u00a0New\u00a0Delhi, two\u00a0sources\u00a0told Reuters, in the first sign it is rethinking entering the Indian market after putting its investment plans on hold earlier this year.<\/p>\n

Musk<\/a> said in April he would meet Indian Prime Minister Narendra Modi during a trip where he was to potentially announce an investment of $2 billion (roughly Rs. 16,972 crore) to $3 billion (roughly Rs.\u00a025,458 crore) in India. However, he called off his visit at the last moment after\u00a0Tesla\u00a0decided to sack 10 percent of its staff amid falling sales.<\/p>\n

Tesla<\/a>, which had paused its\u00a0search\u00a0for a\u00a0showroom\u00a0in India in recent months, is now in early-stage talks with\u00a0DLF\u00a0to help secure space in the capital region, said the two\u00a0sources, who have direct knowledge of the situation.<\/p>\n

A third source said it is not certain that\u00a0Tesla’s talks with\u00a0India’s\u00a0biggest property developer will lead to a deal and the electric vehicle giant is also in discussions with others.<\/p>\n

Tesla\u00a0and\u00a0DLF\u00a0did not respond to requests for comment.<\/p>\n

One of the\u00a0sources\u00a0said\u00a0Tesla\u00a0is looking for 3,000 to 5,000 square feet (280-465 square metres) to create a consumer experience centre as well as a space three times larger for its delivery and service operations.<\/p>\n

Tesla\u00a0is evaluating multiple locations including\u00a0DLF’s Avenue Mall in southern\u00a0Delhi\u00a0and the Cyber Hub office and retail complex in nearby Gurugram city, the source added.<\/p>\n

Foreign retailers including Japan’s Uniqlo, Spain’s Mango and Britain’s Marks and Spencer also have outlets in the Avenue Mall, where\u00a0Tesla\u00a0is looking to secure an 8,000 square feet\u00a0showroom\u00a0space, the second source said.<\/p>\n

Tesla’s\u00a0search\u00a0is still “exploratory” and nothing has been finalised, the first source said.<\/p>\n

It was not immediately clear whether\u00a0Tesla\u00a0will consider importing cars at the tax rate of as high as 100 percent or if it will make investment commitments under\u00a0India’s\u00a0new\u00a0policy, which would allow it to import certain EVs<\/a> at a lower rate of 15 percent.<\/p>\n

After\u00a0Tesla\u00a0did not deliver on earlier investment plans,\u00a0India’s\u00a0government is trying to relax certain provisions of its policy to attract automakers such as Hyundai Motor and Toyota which have expressed initial interest.<\/p>\n

India’s\u00a0EV market is small, making up about two percent of total car sales of 4 million last year, but the government wants to increase the share to 30 percent by 2030.<\/p>\n

Tesla’s\u00a0showroom\u00a0hunt comes as Musk’s Starlink<\/a> is also considering entering India after winning a lobbying battle against billionaire Mukesh Ambani over how\u00a0New\u00a0Delhi\u00a0should allocate spectrum for the service.<\/p>\n

\u00a9 Thomson Reuters 2024<\/em><\/p>\n

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)<\/i><\/p>\n<\/div>\n


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Elon Musk’s\u00a0Tesla\u00a0has resumed its\u00a0search\u00a0for\u00a0showroom\u00a0space in\u00a0New\u00a0Delhi, two\u00a0sources\u00a0told Reuters, in the first sign it is rethinking entering the Indian market after putting its investment plans on hold earlier this year. Musk said in April he would meet Indian Prime Minister Narendra Modi during a trip where he was to potentially announce an investment of $2 billion (roughly […]<\/p>\n","protected":false},"author":2,"featured_media":193333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/i.gadgets360cdn.com\/large\/tesla_logo_main_reuters_1627367526932.jpg","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[2921,25643,1778,273,21691,151484,1988,52287,3489,151483],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/193332"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=193332"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/193332\/revisions"}],"predecessor-version":[{"id":193334,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/193332\/revisions\/193334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/193333"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=193332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=193332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=193332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}