MUMBAI: Moving a step closer to its much-anticipated India launch, US electric vehicle maker Tesla has finalised a deal to open its first showroom in Mumbai's Bandra Kurla Complex, in what is probably the highest lease rent for a commercial space.

Tesla is reportedly recruiting and scouting showroom locations in India following a meeting between Indian Prime Minister Narendra Modi and Tesla CEO Elon Musk.  This comes ahead of an expected policy change that could make it easier for Tesla to import to the market,

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India's EV policy, which offers import tax cuts for foreign automakers investing in the country, will restrict them from using funds spent on charging infrastructure for such relief, increasing their car manufacturing,

Bringing showrooms filled with high-end American-made electric vehicles to India would mark a symbolic victory for President Trump’s ally.

Vantage with Palki Sharma | N18G After Tesla’s upcoming India launch, Elon Musk’s Starlink is now set to receive approval from India’s space regulator, according to a new report by The Economic Times.

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:

Tesla Inc. is set to make its long-awaited entry into India by shipping a few thousand cars to a port near Mumbai in the coming months, according to people familiar with the matter, marking its long-awaited debut in the world’s most populous country.

Then, in January 2021, Tesla registered a company in India, just weeks after the country's transport minister, Nitin Gadkari, said Tesla would launch its operations there in early 2021. India is the world's third-largest auto market.

Tesla has finalised locations for two showrooms in India. One in the country's capital Delhi, and the other in Mumbai. The development follows a recent meeting between Indian Prime Minister Narendra Modi and Musk in the US. Tesla has finalized locations ...

Tesla has for years planned an India market entry and even setting up of local manufacturing. Some executives were hired around 2022, though some top-level people quit the company after Tesla put its India plans on hold back then.

Tesla is hiring for 13 roles based in Mumbai, India, per listings on the company's careers page.Press Information Bureau/Handout/Anadolu via Getty Images Tesla is hiring for roles based in Mumbai ...