Tesla sets the stage for a launch in the Indian market

Tesla sets the stage for a launch in the Indian market

Elon Musk’s Tesla enters India – Tesla sets up its First unit in Bengaluru #UPSC #IAS

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Tesla sets the stage for a launch in the Indian market

Tesla sets the stage for a launch in the Indian market

Tesla Inc is one step closer to launching its operations in India by registering a company in that country. This is evidenced by the published regulatory documentation.

Tesla Motors India and Energy Private Limited was incorporated on January 8. The corporate office will be located in Bangalore, which is already the center for several other global technology companies..

Official documents show that the Indian division will be led by three directors, including David Feinstein, who is currently the senior executive of Tesla.

Transport Minister of India Nitin Gadkari told local media in December that the American electric vehicle maker would start with sales and then could go into assembly and production of its models.

Tesla CEO Elon Musk in recent years, he has tweeted quite often about the upcoming expansion of his automotive business to India.

This move comes against the backdrop of how the Prime Minister of India Narendra Modi promotes the production and use of electric vehicles with the aim of reducing the country’s oil dependence and reducing environmental pollution.

However, the efforts of the authorities are faced with the problem of lack of investment in production and infrastructure..

India plans to offer $ 4.6 billion to companies building advanced battery manufacturing facilities to stimulate investment in this sector, according to a government proposal..