Finally, Tesla has registered itself in India. The registration by the American electric car maker indicates that the company is ready to explore Indian automobile market. As per a regulatory filing, the electric car maker has registered itself as Tesla India Motors and Energy Pvt Ltd with RoC Bangalore. With a paid-up capital of ₹1 lakh, the firm has registered itself as an unlisted private entity. As per the Registrar of Companies (RoC) filing, Venkatrangam Sreeram, Vaibhav Taneja and David Jon Feinstein have been appointed as directors of Tesla India. Union Minister Nitin Gadkari had informed last month about Tesla’s plans of starting its operations in India in 2021. He had also informed about Tesla’s plan of establishing a manufacturing unit based on demand.
Before this, on Tuesday, auto giant Tata Motors denied collaborating with Tesla for its India foray. Last year, in November, Elon Musk has replied to a Twitter user about the progress of the company’s India plans. Nevertheless, Musk had, before that too tweeted about Tesla’s entry into India. Replying to a Twitter query, in 2019, Musk had stated that he would love to be in India. Musk, in 2018, had referred to India’s challenging regulatory environment as among the reasons for not foraying into India.
Prior to this, the Maharashtra government had stated that it was looking for probable investment from Tesla in the state and held discussions with the company. Already, Maharashtra is home to a whole lot of local and foreign automobile manufacturers. Chakan industrial belt near Pune is a major automobile hub.