Tesla to set up fully-owned retail outlets in India

Tesla is planning to set up dealerships in New Delhi, Mumbai and Bangalore.

US-based EV maker Tesla is said to be in talks with the government to set up fully-owned retail outlets in India. To sell directly in India, the company would have to comply with FDI guidelines for single-brand retail.

It has been reported that Tesla is planning to set up dealerships in New Delhi, Mumbai and Bangalore. The company has been scouting commercial spaces that would house showrooms and service centres.

Recently, Tesla received roadworthiness certificates for four of its EVs from the government of India. The 'Model 3' and 'Model Y' are likely to be the first Tesla EVs to be sold in India.

The Tesla Model 3 is an electric sedan, while the Model Y is a crossover with a slightly raised ride height. The latter shares its underpinnings with the Model 3 and comes in 5 and 7-seat configurations.

Source: Business Standard