The company has been registered as Tesla Motors India & Energy Pvt Ltd
Tesla’s manufacturing base in India is still unclear
Market launch sometime in 2021
Model 3 prices are likely to begin from Rs 60 lakh onwards
Tesla registers India office in Bengaluru
The biggest EV company in the world, Tesla Motor has finally set its foot in the Indian market. The company has registered its Indian subsidiary in Bengaluru, Karnataka, with the name ‘Tesla India Motors and Energy Pvt Ltd.’
Tesla has already appointed three directors: Vaibhav Taneja, Venkatrangam Sreeram, and David Jon Fonstein. The company has set up its headquarters in the technology hub of the country with an authorized share capital of Rs 15 lakh and paid-up capital of Rs 1 lakh.
What has started as a long wait for Indian consumers who had first eyed, and then booked, a Tesla in 2016 are expected to get their deliveries starting this year. As reported earlier, the Road Transport Minister Nitin Gadkari had confirmed that Tesla will begin deliveries in 2021.
Welcoming the announcement, the chief minister of Karnataka, B.S Yediyurappa tweeted the following. “Karnataka will lead India’s journey towards Green Mobility. Electric Vehicle Manufacturer Tesla will soon start its operations in India with an R&D unit in Bengaluru. I welcome @elonmusk to India & Karnataka and wish him all the very best. @PMOIndia @nitin_gadkari @Tesla”. He later deleted the tweet.