Tesla’s move to India
The tech giant Elon Musk just months after meeting with PM Narendra Singh Modi, has rent out a lavish office in the newly built Panchshil Business Park, Viman Nagar, Pune.
Led by India’s CFO Vaibhav Taneja, the Pune’s office has been leased for 5 years with a lock-in period of 36 months and a monthly rent of ₹11.65 lakhs. The agreement also holds a 5% per annum escalation clause.
Indian Market to see EV revolution
This monumental step is already receiving exciting feedback from Elon’s admirers. Previously, the senior officials of Tesla grouped with their Invest India companions to also start an EV manufacturing plant in India soon. Hopefully, India shall soon see a Tech revolution on road.