HT TECH wants to start sending you push notifications. Click allow to subscribe

Elon Musk-led Tesla signs 5-year office lease deal in Pune’s Viman Nagar

  • Elon Musk’s company Tesla India has leased an office space in Panchshil Business Park in Viman Nagar, Pune

By: HT TECH
Updated on: Aug 02 2023, 23:29 IST
The electric car manufacturer has entered into a five-year lease agreement with Tablespace Technologies. (REUTERS)
The electric car manufacturer has entered into a five-year lease agreement with Tablespace Technologies. (REUTERS)

Days after two of its senior executives reportedly had a meeting with Invest India officials last week to discuss plans of entering India and setting up a manufacturing eletric vehicle plant, Elon Musk’s company Tesla India Motor & Energy Pvt Ltd has leased an office space in Panchshil Business Park in Viman Nagar, Pune.

The electric car manufacturer has entered into a five-year lease agreement with Tablespace Technologies Pvt Ltd to lease 5,850 sq.ft office on the first floor of B wing in Panchshil Business Park. Tesla will pay a monthly rent of 11.65 lakh and a security deposit of 34.95 lakh for leasing the space for 60 months. The lease deal will include five car parks and 10 bike parks as per the agreement registered on July 26, 2023, according to the documents accessed and shared by CRE Matrix, a real estate analytics firm.

You may be interested in

Mobiles Tablets Laptops
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
₹148,900₹159,900
Buy now
23% OFF
Samsung Galaxy S23 Ultra 5G
  • Green
  • 12 GB RAM
  • 256 GB Storage
₹115,999₹149,999
Buy now
Google Pixel 8 Pro
  • Obsidian
  • 12 GB RAM
  • 128 GB Storage
₹106,998
Check details
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage
₹87,900
Check details
21% OFF
Acer Swift Go SFG14 41 NX KG3SI 002 Laptop
  • Pure Silver
  • 8 GB RAM
  • 512 GB SSD
₹58,990₹74,999
Buy now
39% OFF
Acer Aspire 5 A515 57G Laptop
  • Gray
  • 16 GB RAM
  • 512 GB SSD
₹54,949₹89,999
Buy now
22% OFF
Acer Aspire 3 A315 24 NX KDESI 004 Laptop
  • Silver
  • 8 GB RAM
  • 512 GB SSD
₹33,499₹42,999
Buy now
39% OFF
Asus VivoBook 15 X515JA BQ322WS Laptop
  • Transparent Silver
  • 8 GB RAM
  • 512 GB SSD
₹31,490₹51,990
Buy now
34% OFF
Xiaomi Pad 6
  • Mist Blue
  • 6 GB RAM
  • 128 GB Storage
₹26,299₹39,999
Buy now
55% OFF
Lenovo Tab M10 5G
  • Abyss Blue
  • 6 GB RAM
  • 128 GB Storage
₹20,999₹47,000
Buy now
32% OFF
Realme Pad 2
  • Imagination Grey
  • 6 GB RAM
  • 128 GB Storage
₹19,790₹28,999
Buy now
Honor Pad X9
  • Gray
  • 4 GB RAM
  • 128 GB Storage
₹14,999
Check details

According to the documents, two companies agreed for a lock in period of 36 months, with a 5% per annum escalation clause. The rent will commence from October 1, 2023.

Also read: Looking for a smartphone? To check mobile finder click here.

Panchshil Business Park at Viman Nagar has a development size of 10,77,181 sq. Ft and is under construction, according to Panschil Realty website. It is located 500 m from Nagar Road and is just three kms from Pune international airport. It is easily accessible from residential areas like Kalyani Nagar, Koregaon Park, Wadgaonsheri and Kharadi.

Though Tesla’s Indian subsidiary was registered in Bengaluru in 2021, the company’s entry into India has been slow. A Reuters report in May said Tesla had proposed setting up a factory to build electric vehicles and manufacturing EV batteries in India. "They are very seriously looking at India as a production and innovation base," Rajeev Chandrasekhar, the Minister of State for Electronics and Information Technology of India, had told the agency in May.

In June, Musk had met Prime Minister Narendra Modi during his US trip and evinced interest in setting up a manufacturing facility in India. He had told reporters that Tesla was keen to make investments in India "I am confident that Tesla will be in India and will do so as soon as humanly possible," Musk was quoted as saying.

Two of Tesla’s senior executives met with Invest India officials last week and have reportedly lined up more meetings in Delhi.

By Satish Nandgaonkar

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on ,Twitter, Facebook, , and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 02 Aug, 23:27 IST

Sale

Mobiles Tablets Laptops
4% OFF
Samsung Galaxy S24 Ultra
  • Titanium Black
  • 12 GB RAM
  • 256 GB Storage
₹129,999₹134,999
Buy now
5% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
₹137,990₹144,900
Buy now
13% OFF
Xiaomi 14
  • Matte Black
  • 12 GB RAM
  • 512 GB Storage
₹69,999₹79,999
Buy now
8% OFF
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage
₹82,600₹89,900
Buy now
33% OFF
Xiaomi Pad 6
  • Mist Blue
  • 6 GB RAM
  • 128 GB Storage
₹26,999₹39,999
Buy now
53% OFF
Lenovo Tab M10 5G
  • Abyss Blue
  • 6 GB RAM
  • 128 GB Storage
₹21,999₹47,000
Buy now
30% OFF
Realme Pad 2
  • Imagination Grey
  • 6 GB RAM
  • 128 GB Storage
₹20,339₹28,999
Buy now
31% OFF
Samsung Galaxy Tab A7 Lite
  • Silver
  • 3 GB RAM
  • 32 GB Storage
₹9,990₹14,500
Buy now
23% OFF
Infinix INBook X1 Neo XL22 Laptop Intel Celeron Quad Core 8 GB 256 GB SSD Windows 11
  • Blue
  • 4 GB RAM
  • 128 GB SSD
₹22,990₹29,990
Buy now
33% OFF
Asus TUF Gaming F15 FX507ZV LP094W Laptop
  • Mecha Gray
  • 16 GB RAM
  • 512 GB SSD
₹57,990₹85,990
Buy now
37% OFF
Asus Vivobook K15 OLED KM513UA L712WS Laptop
  • Indie Black
  • 16 GB RAM
  • 512 GB SSD
₹51,990₹81,990
Buy now
30% OFF
Asus ROG Zephyrus G14 GA401IU HA246TS Laptop
  • Eclipse Grey
  • 16 GB RAM
  • 512 GB SSD
₹90,990₹129,990
Buy now
NEXT ARTICLE BEGINS