Tesla hired CBRE to find showroom space in 3 cities of India

Tesla hired CBRE to find showroom space in 3 cities of India

By Sanjay Kumar

News Highlights

• Tesla Inc. is looking for a space to open showrooms in 3 cities of India namely Delhi, Mumbai, and Bengaluru.
• Recruited Manuj Khurana (leader) to oversee company lobbying and business endeavours ahead of its planned entry in India.
• CBRE global property consultant hired to find a showroom for Tesla.

Tesla looks for showroom space in India

Tesla Inc an American electric vehicle and clean energy organization is searching for a space to open showrooms in 3 cities of India and has recruited Manuj Khurana (leader) to oversee company lobbying and business endeavours ahead of its planned entry in India, sources familiar with the discussions told Reuters, an international news organization.

In January, electric-car manufacture registered a local company in India, where it is relied upon to import and sell the Model 3 sedan by mid-2021, company’s looking to target rich clients in a niche market.

Tesla is looking for a large space of around 20,000-30,000 square feet each to open its showrooms and service centres in different states of India namely Delhi, Mumbai, and Bengaluru.

Tesla CEO, Elon Musk said recently, we will enter India “for sure”, though the billionaire had issued the same post on Twitter recently.

CBRE Group Inc is the well-famous global property consultant hired to find a showroom for Tesla, the property consultant is focusing to find a location that will give Tesla easier access to affluent customers, reports said.

Tesla said, “worldwide we see our showrooms like experience centres. It would look at replicating that with few modifications for the Indian market,” as per the report, everyone who declined to be identified as the talk is private.

CBRE global property consultant said, “on work, we may be doing on behalf of our clients”.

The nation has an insignificant charging framework and high taxes on imported vehicles, just as low adoption of electric vehicles (EVs). India recorded just 5,000 EV deals out of the total 2.4 million vehicles sold a year ago, while in China new energy vehicle deals reached 1.25 million.

Indian Government emphasis on advancing clean vehicles, when Tesla Inc. plans to import cars at first, last month India’s road minister said that the Indian government is ready to offer incentives to ensure the vehicles production price would be less than in China if it commits to local production.

Must Read:- Top 5 Real Estate Investment Benefits for Entrepreneurs