Tesla is preparing to start business in India, company can open showroom in Delhi

American electric vehicle (EV) maker Tesla may soon start its business in India. The company has again started the search for showroom space in Delhi. Earlier this year, Tesla had postponed its investment plans in the country. The company’s chief, Elon Musk, had postponed his visit to India in April. During this visit, Musk was also to have a meeting with Prime Minister Narendra Modi.

EV sales have increased rapidly in the last few years. Two sources with knowledge of the company told Reuters that the company is in talks with DLF about showroom space in the capital. However, another source said that Tesla’s deal with DLF, the country’s largest real estate company, is not certain. It is also in talks with other realty developers. DLF and Tesla declined to comment in this regard. The central government recently launched a scheme to promote EVs.

For the showroom, the company is also evaluating DLF’s Avenue Mall in South Delhi and some locations in Gurugram. American Tesla’s Model Y has been the best-selling car in the world last year. Japanese automobile company Toyota’s Corolla was the best-selling car in the international market for almost two decades. Last year it stood fourth in terms of sales. According to data from Jato Dynamics, Tesla sold about 12.2 lakh units of Model Y last year. This is an increase of approximately 64 percent on a year-on-year basis.

In April, Musk had postponed his visit to India. He had said in a post on social media platform Apart from Tesla, Musk is also seeking permission to start business in the country for his satellite internet service providing company Starlink. In June last year, Prime Minister Modi and Musk had a meeting in New York, America.