Tesla, the famous company of US-based electric automotive manufacturer Elon Musk, is now going to enter India. Veteran businessman Elon Musk goes to enter the auto market in India and for this his electric automotive manufacturing firm has formally registered in Bengaluru, India.
According to a regulatory submission, Enel Musk’s firm Tesla has registered Tesla India Motors and Energy Private Limited with ROC Bengaluru. The firm is registered as an unlisted private establishment with a capital of Rs 1 lakh. Tesla will manufacture and commercialize luxurious electric cars here.
According to the Registrar of Companies (ROC), Vaibhav Taneja, Venkatarangam Sriram and David John Feinstein have been appointed administrators of Tesla India. Tesla’s transfer has been welcomed by Karnataka Chief Minister BS Yeddyurappa. Last month, Union Minister Nitin Gadkari mentioned that Tesla will start operations in India in 2021 and will explore the potential of organizing a production unit in corporate India based on demand.
Significantly, in November 12 months, Tesla CEO Elon Musk tweeted in response to a query from a Twitter person that his company would enter the Indian market in 2021. When customers questioned regarding the progress of their firm to enter the Indian market, Anil Musk mentioned that Tesla would enter India after 12 months (2021). However, earlier Elon Musk tweeted twice regarding the firm’s entry into India.
Also in 12 months 2019, he mentioned the next 12 months in response to a query of a person on Twitter after which in 2018 he repeated the same factor. But this time the corporate has registered in 12 months 2021.