Tesla enters India; opens arm in Bengaluru

TIL Desk/Business/Bengaluru/ American electric car maker Tesla has registered its Indian arm amid indications that the company is set to enter the country’s automobile market. According to a regulatory filing, the firm has registered Tesla India Motors and Energy Pvt Ltd with RoC Bangalore.

The company has been registered as an unlisted private entity with a paid up capital of Rs 1 lakh. Vaibhav Taneja, Venkatrangam Sreeram and David Jon Feinstein have been appointed as directors of Tesla India, as per the Registrar of Companies (RoC) filing.

Last month, Union Minister Nitin Gadkari had said Tesla is set to start its operations in the country in 2021 and would also look at setting up a manufacturing unit based on demand. Earlier on Tuesday, auto major Tata Motors denied tying up with the company for its India foray.