Tesla’s entry into India, company registers in Bangalore, also appointed three directors

new Delhi. Tesla, the world’s most valuable car company, is finally coming to India. This electric vehicle car company of Elon Musk has launched its Indian subsidiary. Tesla will also set up a research and development unit in India besides manufacturing plants. On January 8, Tesla has also done this registration in Bengaluru, Karnataka. The unit is named ‘Tesla India Motors and Energy Private Limited’. Vaibhav Taneja, Banktrangam Shriram and David John Finstein have also been appointed directors for this new unit. It has been revealed in the information given to the Corporate Ministry.

CNBC-TV18 has written on the basis of information received from a government official that Tesla may not even set up a manufacturing unit in India in the initial stages. ‘Initially it can serve as a sourcing point from a Tesla factory in China. After increasing demand, the company can start assembling its vehicles in India.

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Tesla’s Indian subsidiary will be a private sector uninvested company with an authorized capital of about Rs. 15,00,000 and paid-up capital of about Rs. 1,00,000. It was revealed on Tuesday that Tesla would start its operations with about 5 state governments. Is talking about The company is in talks with the governments of Maharashtra, Gujarat, Andhra Pradesh, Karnataka and Tamil Nadu.

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The Karnataka government has already proposed a list of some locations. Of this, Tumkur is also a location, where Tesla can start its manufacturing facility. In December 2020, Tesla’s Chief Executive Officer Elon Musk indicated that his company could start in India in 2021.