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.

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with a 5% annual escalation clause.

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Months after Prime Minister Narendra Modi and Elon Musk met in the United States,

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Tesla Motors and Energy Private Limited have leased office space.

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in Maharashtra's Panchshil Business Park in Pune.

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This is regarded as a significant step towards Tesla's entry into the Indian market.

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Previously, senior Tesla executives met with their Invest India colleagues.

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