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CBRE has been tasked with looking for the ideal space
The world’s largest electric car company Tesla is firming up plans for its India operations as it is looking for places in Delhi, Mumbai, and Bangalore to set up showrooms.
The company is moving at a fast pace to spread its wings in India and as a first step, it appointed Manuj Khurana for India Business Development. Now, the luxury electric car maker is searching for .
CBRE has been tasked with looking for the ideal space.
Elon Musk tweeted in October last year that Tesla would make its debut in India in 2021.
The niche electric car maker has decided to import the cars to sell them in Indian markets. However, the Indian government has offered incentives for production within the country.
Karnataka is the first state in the country to develop an independent concept dedicated to electric vehicles. The concept encourages manufacturers of e-vehicles, batteries, and spare parts. This has had a profound effect in the last few years. In February last year, the government had received proposals to invest around Rs 72,000 crore.
Looking at the growth of the EV market in India, it still accounts for just 1%, with the registered sale of 5000 units out of a total of 2.4 million cars sold last year. The charging systems are still at the initial stage and the numbers are almost negligible.
However, the government is planning to set up 2,600 public charging stations in various cities. India is trying hard to push the electric vehicle market segment and working towards improving the infrastructure in a gradual manner.