Tesla registers company in Bengaluru, Enters Indian markets

Tesla’s arrival in India was discussed last year. Tesla CEO Elon Musk said in a tweet in October that his company would enter the Indian market in 2021.

Confirming this, Union Minister Nitin Gadkari also said that Tesla will start its operations in India next year. He had said that India has the potential to become the world’s largest electric vehicle producer in the next five years.

According to reports, the company has registered with a capital of 1.5 crore. The Chief Minister of Karnataka BS Yeddyurappa has welcomed Tesla.

At the same time, Union Minister Nitin Gadkari said that Karnataka will lead India’s journey towards green mobility. He said that electric vehicle maker Tesla would soon start its operations in India with a research and development unit in Bengaluru.

According to the Ministry of Corporate Affairs, Tesla India Motors and Energy Private Limited was registered in Bengaluru on 8 January. Its directors are Vaibhav Taneja, Venkatarangam Sriram and David John Feinstein. Taneja is CFO at Tesla, while Fenstein is Global Trade Director, Trade Market Access at Tesla. It is said that Tesla will start its operations this year. The registration number of this company, which starts business from Bengaluru in India, is 142975.

Nitin Gadkari is constantly talking about promoting the use of green fuel and electric vehicles to reduce India’s crude oil import budget of around Rs 8 lakh crore. The government is preparing to install an electric charging kiosk at every petrol pump.

According to reports, Tesla can only launch the ‘Model 3’ of its car in the Indian market. A 60Kwh Lithium ion battery pack has been given inside it. The top speed of the vehicle is 162mph. This car can accelerate from 0-60km in 3.1 seconds. Its price can be around 55 lakh rupees.