The US government is urging India to lower import tariffs on automobiles, which currently reach up to 110%. This reduction is crucial for Tesla's market entry in India.

The lease is reportedly for five years, starting from February 16, 2025. Tesla will pay an annual rent of Rs 3,87,56,113 (USD 446,000) for the first year for a 4,003 square feet (372 square metres) space.

The United States wants India to eliminate tariffs on car imports under a proposed trade deal between the two nations, but New Delhi is reluctant to immediately bring down such duties to zero even as it considers further cuts,

EV maker Tesla (TSLA) has taken a significant step towards entering the Indian market by signing a lease deal for its first showroom in Mumbai,

The United States is pushing India to eliminate taxes on imported cars under a new trade deal. Currently, the country charges extremely high taxes on imported vehicles, sometimes going up to 110%. This has made it difficult for foreign carmakers to sell their vehicles in the country.

U.S. electric carmaker Tesla has signed a lease deal to open its first showroom in Mumbai, as it moves towards a goal to sell imported cars in India, registration papers show, after it dropped similar plans last year.

President Donald Trump's administration wants India to cut tariffs on car imports as part of a potential trade agreement between the two countries, but New Delhi is reluctant to immediately eliminate such duties,

American EV maker Tesla has rented a 4,000-sq ft space in the Bandra Kurla Complex business district to house its maiden showroom in the country, it was revealed on Wednesday. According to records released by CRE Matrix,