The company has also appointed three directors for the Indian subsidiary.
Tesla in India: Electric vehicle company Tesla is now coming to India as well. The company has also appointed three directors for its Indian subsidiary. Tesla’s Indian subsidiary is named Tesla India Motors and Energy Private Limited.
- January 13, 2021, 8:21 AM IST
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.