That’s right, that’s correct. It has been announced that Tesla has leased a space in Pune for its first office in India.
It is located in the Panchshil Business Park and has a square footage of 5,850 square feet and is one of the largest offices in the area.
The lease agreement is for a period of five years and the monthly rent will begin at a beginning price of 11.65 lakh a month. Every year, there will be an increase of 5% in the rent. There will be a lease agreement registered on July 26, 2023, and the rent will begin on October 1, 2023.
Tesla is taking a significant step toward entering the Indian market as the lease agreement was registered on July 26, 2023. In recent months, the company has been in discussions with the Indian government about the possibility of setting up a manufacturing plant in the country. This news officially Tweeted by Pune City Life on own Tweeter Handle.
Tesla leases office in Pune’s Viman Nagar
Tesla India Motor & Energy Pvt Ltd has taken office space on lease for five years at Panchshil Business Park in Pune at a starting monthly rent of ₹11.65 lakh, its first real office setup in India. https://t.co/mnsgRU3Epg
— Pune City Life (@PuneCityLife) August 2, 2023
The lease of Tesla’s new office space in Pune will be used to support the company’s operations in India and to help prepare the company for the launch of its electric vehicles in the country in the near future. The lease of this space is a good sign for Tesla’s plans to enter the Indian market shortly.
In my opinion, this shows that the company is serious about its plans for the country and is making progress in setting up its operations there in a timely manner. In the coming months and years, it will be interesting to see how Tesla’s plans for India unfold in the coming months and years.