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American electric vehicle manufacturer, Tesla is confirmed to enter the Indian market this year. Ahead of its first model launch, the company is looking to set up an R&D centre in Bangalore, Karnataka.
However, according to the latest media report from Reuters, the EV maker is looking to set up showrooms in India. The report suggests that the company is scouting for showroom spaces across three cities in the country: Delhi, Mumbai & Bangalore.
Tesla is looking for commercial properties as large as 20,000-30,000 square feet each. To complete the search, the company has also hired an executive to ensure everything is set up ahead of its planned entry into the country.
The company has hired, global property consultant, CBRE Group Inc to assist with the scouting of showroom spaces in all three cities. The realtor has been surveying many placed over serval weeks to find an ideal match to suit the brand's image and requirement.
The reports also state that the company has appointed Manuj Khurana, a former executive of India's investment promotion body, Invest India. He will be heading the policy and business operations in the country.
Back in October 2020, Elon Musk, CEO, Tesla Inc., confirmed that the company will be entering the Indian market in 2021 via his Twitter handle. Replying to a tweet of a t-shirt which said ‘INDIA WANTS TESLA', to which Elon Musk replied ‘Next year, for sure' last year.
The Chief Minister of Karnataka B.S. Yeddyurappa, earlier confirmed that Tesla will also be setting up a manufacturing facility in the State of Karnataka. However, the location and more details are yet to be known.
Tesla has now registered its first office and R&D centre in Bengaluru. It is registered under the name "TESLA INDIA MOTORS AND ENERGY PRIVATE LIMITED". The company has also appointed three directors for the R&D office Vaibhav Taneja, Venkatrangam Sreeram and David Jon Feinstein. They were appointed on January 8, 2021, for the newly set up office by the company.
Speaking about the first model for the Indian market, the EV maker is likely to launch the Model 3 sedan in the country. Tesla is expected to price the Model between Rs 55 lakh and 60 lakh, ex-showroom. The company will be directly selling electric vehicles in Indian without a dealer.
Tesla's entry-level Model 3 electric car features a driving range of over 500 kilometres on a single charge, depending on the variant. It also features good performance figures with 0 to 100km/h acceleration time rated at under 3.5 seconds.
Along with the enhanced practicality with a long driving range, the Tesla Model 3 also comes packed with features. The highlight cabin is its large centrally-mounted tablet-inspired touchscreen infotainment display. It will provide the driver with a host of stats including charge status and nearby charging stations.
Thoughts About The Tesla Looking To Setup Showrooms In India
The buzz is massive around Tesla entering the Indian market. Once launched, these EVs will be a premium and luxury EV offering in the country. The Tesla Model 3 will face stiff competition from the Mercedes Benz EQC, Jaguar I-Pace and the upcoming Audi e-Tron and the Volvo XC40 Recharge.