Elon Musk's Tesla has signed a five-year contract for an office facility in Pune.
The lease agreement includes a 36-month lock-in period and a monthly rent of Rs 11.65 lakh.
with a 5% annual escalation clause.
Months after Prime Minister Narendra Modi and Elon Musk met in the United States,
Tesla Motors and Energy Private Limited have leased office space.
in Maharashtra's Panchshil Business Park in Pune.
This is regarded as a significant step towards Tesla's entry into the Indian market.
Previously, senior Tesla executives met with their Invest India colleagues.