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.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..