Electric carmaker Tesla plans fully-owned retail outlets in India

Industry experts say that Tesla has been sourcing auto components from the country after signing up non-disclosure agreements

Palo Alto-based electric carmaker Tesla has initiated talks with the government on the modalities of setting up fully-owned retail outlets. The company needs to comply with the foreign direct investment (FDI) guidelines related to single-brand retail, including local sourcing norms, to sell directly in India.

At least two other foreign majors — Apple and Ikea — were engaged in talks with the government long before the sourcing norms were eased under the single-brand retail route. While Swedish furnishing company Ikea has begun its retail foray in India, the iPhone maker is yet to set up its physical store in the