Tesla, the popular electric car manufacturer company seems to be taking essential steps to make its way to the Indian market. Elon Musk owned company is planning to launch the electric car in India later this year. According to the latest report from Reuters, Tesla is registering a company in the country and a regulatory filing has backed this information. On January 8th, Tesla Motors India and Energy Private Limited were incorporated with its first registered office in Bengaluru. Here’s a closer look at the latest development.
Tesla India Unit Registered in Bengaluru
According to the regulatory filing, Tesla India unit has three directors including Vaibhav Taneja, Venkatrangam Sreeram, and Tesla’s current senior executive David Feinstein. He has also added Tesla Indian director on his official LinkedIn profile. Back in December Nitin Gadkari, Indian transport Minister has also informed a local newspaper that the United States electric car manufacturer Test will start selling and manufacturing its car models in India soon.
“We have been interacting with Tesla for the last few months and it is a happy news that they have decided to incorporate their company here. We have impressed upon them that Bengaluru is not only the technology capital but also the aerospace and space capital. For any kind of technology collaboration, it has the right kind of talent pool,” Live Mint quoted Gaurav Gupta, principal secretary, commerce & industries of Karnataka as saying.
Elon Musk has tweeted many times in 2020 that he is looking forward to entering the Indian market. According to the report, Prime Minister Narendra Modi is also promoting the production and selling of electric vehicles in India which will reduce the pollution level in India and cut down the oil dependency.
However, it seems that efforts have been hampered by a lack of investment in manufacturing and infrastructure of charging stations. Charging stations on major highways are very important to promote long-distance travel. Users will be needing charging hubs to fuel up the cars to move forward.
In order to boost the investment, India is planning to offer $4.6 billion incentives to the companies who are ready to set up advanced battery manufacturing facilities, as per Reuters report. Let’s see when Tesla cars are going to hit Indian roads and at what price the company is going to make the cars available for Indian users.
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