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 Motors India and Energy Private Limited was incorporated on January 8 with its registered office in the southern city of Bengaluru, a hub for several global technology companies. The filing shows the Indian unit has three directors including David Feinstein, who is currently a senior executive at Tesla, according to his LinkedIn profile. India’s Transport Minister Nitin Gadkari told a local newspaper in December the US electric carmaker would start with sales and then might look at assembly and manufacturing. Tesla Chief Executive Elon Musk has tweeted several times in recent years, including as recently as October 2020, about an impending foray into India. The move comes as Indian Prime Minister Narendra Modi is promoting the production and use of electric vehicles to reduce the country’s oil dependence and cut down on pollution.

Published in The Express Tribune, January 13th, 2021.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

Back
WhatsApp
Telegram
Skype
Messenger
Email
Tawktoo