Tesla China to lead India operations as country head Prashanth Menon resigns: Report

Tesla Cybertruck
Tesla India
head
Prashanth Menon
has resigned from the Elon Musk-owned electric car company, reports Bloomberg. This comes as the company plans to open its first retail outlets in Mumbai and Delhi. Menon, as per the report, has worked with Tesla for nine years. He had been instrumental in laying the groundwork for the EV maker in the country.
Menon, who had been leading India operations as chairman of board of Tesla India for more than four years, reportedly set up the company's local office in Pune in 2021.
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He also led efforts to secure Tesla's first showroom leases earlier this year.
Tesla China
to oversee India operations
As per the Bloomberg report, Tesla China will now oversee the company's operations in India.
'Tesla's China teams will oversee India operations, with no immediate successor named, the people said. The rejigging of Tesla's top order in India comes just as it appears to edge closer to launching in the world's third-largest car market,' the report said.
Tesla to open its first showroom in Mumbai's BKC
As mentioned above, Tesla is planning to open its first showroom in India soon. Earlier this year, the US electric vehicle maker finalized a deal to open its first showroom in Mumbai's Bandra Kurla Complex, in what is probably the highest lease rent for a commercial space.
Quoting sources from the property market, TOI then reported that Tesla will set up a showroom in a 4,000 sq ft space on the ground floor of a commercial tower in BKC, Mumbai. The company will display its car models there. The monthly rent is about Rs 900 per sq ft, which works out to around Rs 35 lakh a month. The lease is for five years.
Tesla
is also planning to open a second showroom at the Aerocity complex in Delhi. The lease deal was signed a few weeks after CEO Elon Musk met Prime Minister Narendra Modi in Washington. Soon after, Tesla posted 13 job openings in India, showing fresh interest in entering the Indian market.
The EV maker has also started the process of hiring in the country.
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