Tesla leases office space in Pune amid talks with Indian govt

04 Aug 2023 CW Team

During on-going meetings between top executives of Tesla and Indian government officials to explore their entry into India, the US-based electric vehicle manufacturer has secured office space in Pune's Viman Nagar area.

Tesla India Motor and Energy, the company's Indian subsidiary, has leased a 5,850 sq ft office within a co-working centre on the first floor of a tower in Panchshil Business Park. The lease agreement spans five years, commencing from October 1, with a three-year lock-in period. Additionally, Tesla India holds the option to extend the lease for another five years, making a total commitment of 10 years.

Under this agreement, Tesla will pay initial monthly rent of Rs 1.16 million, subject to a 5 per cent increase every 12 months. This rental structure will amount to a total pay-out of Rs 77.2 million throughout the lease tenure. The deal was officially registered on July 26, as revealed in documents accessed through CRE Matrix.

Notably, Tesla is actively pursuing plans to establish an electric vehicle manufacturing factory in India and has been engaging in discussions with the government in this regard. In January 2021, the company registered its Indian subsidiary in Bengaluru, signalling its intent to introduce its vehicles to the Indian market.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..