Elon Musk’s BIG India move as his company is set to launch first store in the country, has this Mukesh Ambani, Nita Ambani link…

Elon Musk plans to open Tesla’s first store in Mumbai in India. According to Reuters, the first store will be opened on July 15 at the Jio World Drive in Mumbai and will point to an important milestone at the entrance of the company to the Indian market. An agreement for a retail area of ​​4000 square meters was ink in March by the US -based electric vehicle manufacturer and another vehicle manufacturer. According to reports, the Bandon Kurla Complex in Mumbai will host the opening of Tesla Center. In addition, this center will be the first physical position for the company led by Musk in India.

According to Reuters, Tesla signed a lease agreement to open the first showroom in Mumbai to start selling in India. The home manufacturer also increased recruitment and discoveries for the showroom locations in Mumbai and New Delhi as part of its entry into the Indian market.

According to the Bloomberg story, five -model Y cars reportedly reached Mumbai from Shanghai, China, China.

More than 2.1 million rupees were applied to cars import tariffs, which was worth 2.77 million rupees ($ 31,988) when announced. The high tariff follows India’s 70% import tax on completely built cars.

Tesla has been preparing to enter the Indian market for many years. Throughout these negotiations, Elon Musk Company’s main objective was to defend to reduce import taxes.

Although Tesla explained the launch of his operations in India, the electric car manufacturer apparently “not willing to” produce parts there. “

Last month, Birlik Heavy Industries HD Kumaraswamy said that Tesla’s primary goal was to increase the number of stores in the country.

“Tesla, in fact, we are not waiting for them, they will only start showrooms. They are not interested in production in India.”