Type to search

Tesla Plans Company-Owned Retail Outlets in India: BS

Oxfam said it used the 2021 Billionaires List compiled by US business magazine Forbes, which includes Tesla CEO Elon Musk at the top. Photo: Reuters.

(AF) Tesla plans to set up its own retail outlets for selling directly in India, and is exploring the country’s foreign direct investment (FDI) guidelines for single-brand retailing, reported The Business Standard on Tuesday.

And along with Tesla, Apple and Ikea are also seeking permission to open company-owned retail outlets under the single-brand retail route, the newspaper added. Full story: The Business Standard.

Indrajit Basu

Indrajit Basu is an India-based correspondent for Asia Financial and wears two hats: journalist and researcher (equity). Before joining AF he reported on business, finance, technology, wealth management, and current affairs for China Daily, SCMP, UPI, India Today Group, Indian Express Group, and many more. He is also an award-winning researcher. If he didn't have to pay bills, he would be a wanderer.


AF China Bond