Tesla Nabs India Business License - Stock Surges? | IE

Musk founder and chief executive officer of the Cupertino-based Tesla said on Twitter last year that the company plans to enter India ‘for sure’ in 2021

Tesla registers India office in Bangalore, to start operations with R&D unit

Tesla has finally come to India.

World's leading electric auto maker Tesla is setting up its research and development (R&D) centre in Bengaluru to commence its India operations soon, said Karnataka Chief Minister B.S. Yediyurappa on Tuesday.

Tesla India Motors and Energy Pvt. And in accordance with the RoC site, Tesla India Motors and Energy Private Limited was incorporated on 8th January 2021 and the registered address is in Lavelle Road, Bengaluru. The governments of Maharashtra, Gujarat, Andhra Pradesh, Karnataka, and Tamil Nadu have had talks with the company who are also considering local partnerships.

The other two directors are Venkatrangam Sreeram - who is now a director for two auto companies, Xenon and ClearQuote, which deals with automated vehicle inspections, Teslarati reports.

"Karnataka will lead India's journey towards Green Mobility".

Tesla Inc has moved a step closer to its launch in India later this year by registering a company in the country, a regulatory filing showed on Tuesday.

Tesla to enter India in 2021, how will it impact Indian automakers? "We welcome this move by Tesla to incorporate itself as a company in the state".

Musk, who recently became the wealthiest individual in the world overtaking Amazon Inc. founder Jeff Bezos, also enjoys a cult-figure like status in India as he does overseas, adding to the growing demand for Tesla and its products. On several occasions earlier, Musk had revealed that he would like to bring Tesla to India, but in a 2018 Twitter post, he cited "some challenging government regulations" as a hurdle.

Mobility startups such as Ola, Uber, Bounce and Vogo have set targets to include more electric vehicles (EVs) in their fleets.

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