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 Transport

15 May 2026

MMRDA Removes 1.14 lakh m of Metro Barricades

In a bid to ease congestion and improve urban mobility during monsoon, MMRDA has undertaken one of the largest coordinated barricade removal and monsoon preparedness drives across its ongoing metro and infrastructure projects.With substantial progress achieved in viaduct and structural works across multiple metro corridors, barricades from completed stretches beneath metro viaducts are being systematically removed, restoring maximum possible road space before the monsoon. Wider carriageways across key arterial roads are expected to improve traffic flow, reduce congestion, support better rainwa..

Pune Division to Remove All Diamond Crossings by Year-End

The Pune railway division has announced plans to remove all 16 diamond crossings by the end of 2026 as part of a major yard remodelling project following the derailment of a Vande Bharat Express at Pune Junction on April 27. Railway authorities said the replacements aim to improve safety and streamline train operations across the busy station. The decision followed a Central Railway finding that the accident involved a non-standard diamond crossing and highlighted the need for replacement. Regular maintenance of existing crossings will continue until the replacement work is completed. Official..

Goa Declares 80 Million Square Metres No Development Zone

The Goa state government has declared 80 million square metres (mn) of land a no development zone, designating the area as protected from new construction. The notification reclassifies tracts across the state under a no development category for planning and regulatory purposes. The declaration signals a formal halt to new building permits within the defined zone. Authorities indicated that maps will be issued to show broad boundaries while detailed surveys will refine precise limits. The move transfers responsibility for enforcement to local planning authorities and relevant departments, whic..