CALCULATE YOUR SIP RETURNS

Elon Musk’s Tesla Looks at Satara for India Assembly Unit

Written by: Team Angel OneUpdated on: May 13, 2025, 1:53 PM IST
Tesla is exploring land in Satara, Maharashtra, to set up a CKD unit as part of its plans to begin local EV assembly and enter the Indian market by 2026.
Elon Musk’s Tesla Looks at Satara for India Assembly Unit
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Tesla is reportedly exploring land in Satara, Maharashtra, to set up a Completely Knocked Down (CKD) assembly unit for electric vehicles, according to a Business Standard report. This is part of the company’s efforts to begin local assembly operations in India.

Past Talks with Megha Engineering

Before considering Satara, Tesla had reportedly held discussions with Hyderabad-based Megha Engineering for a potential joint venture. However, those talks did not materialise. The company is also said to have engaged in conversations with other Indian firms for similar CKD partnerships.

What is a CKD Unit?

A CKD (Completely Knocked Down) unit involves importing vehicles in parts and assembling them locally. This method helps reduce import duties and aligns with India’s push for more local manufacturing.

Targeted Entry by 2026

According to the report, Tesla is aiming to formally enter the Indian market by April 2026. The company has started hiring for multiple roles across Mumbai, Delhi, and Pune. These developments follow Elon Musk’s meeting with Prime Minister Narendra Modi during his visit to the United States.

Mumbai Showroom Lease

According to news reports, Tesla has signed a lease for its first showroom in India. Located in Mumbai, the space covers 4,003 square feet. The lease is for 5 years, with a reported rent of around $446,000 for the first year. The showroom is expected to handle imported EV sales.

Leadership Changes

Tesla’s India country head, Prashanth Menon, resigned recently after a nine-year tenure. Until a new appointment is made, Tesla’s China-based teams will manage the company’s operations in India, according to a report from Bloomberg.

Read more: Tesla India Head Prashanth Menon Resigns Ahead of Market Entry

Conclusion

Tesla’s activities in Maharashtra, hiring across cities, and showroom lease in Mumbai suggest the groundwork for its India entry is underway. The CKD unit in Satara, if finalised, could be a key part of that plan.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: May 13, 2025, 1:53 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

Know More

We're Live on WhatsApp! Join our channel for market insights & updates

Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3 Cr+ happy customers