According to CRE Matrix, the leasing agreement contains a 36-month lock-in clause.
with a 5% annual escalation clause. Rental payments will begin on October 1, 2023.
With about 11 lakh square feet of development space,
Panchshil Business Park is conveniently connected to main Pune locations, including the airport.
Earlier in 2021, Tesla India Motor & Energy Pvt Ltd was registered in Bengaluru as Tesla's Indian subsidiary.
Tesla revealed in July that it planned to build up to 500,000 EVs per year.
with pricing beginning at Rs 20 lakh.
This advancement, if realised, has the potential to considerably increase India's emerging EV market.