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FLNALLY, TESLA DRIVES INTO INDIAN MARKET

PRESS TRUST OF INDIA 

New Delhi, Jan 13: American elec-tric car maker Tesla has registered its Indian arm amid indications that the company is set to enter the coun-try’s automobile market According to a regulatory filing, the firm has reg-isteredTesla India Motors and Energy Pvt Ltd with RoC Bangalore. The company has been regis-tered as an unlisted private entity with a paid up capital of ?I. lakh. Vaibhav Taneja, Venkatrangam Sreeram and David Jon Feinstein have been appointed as directors of Tesla India, as per the Registrar of 

A ccording to a regulatory filing, the firm has registered Tesla India Motors and Energy Pvt Ltd with RoC Bangalore ast month, Union Minister Nitin I.Gadkari had said Tesla is set to start its operations in the country in 2021 In 2019, replying to a Twitter  query, Musk had said he “would love to be there this year. If not, definitely next!” 

Companies (RoC) Last month, Union Minister Nitin Gadkari had said Tesla is set to 

start its operations in the country in 2021 and would also look at set-ting up a manufacturing unit based on demand. Earlier Tuesday,

 auto major Tata Motors denied tying up with the company for its India foray ‘Tata Motors has not taken any de-cision regarding a strategic part-ner for its PV business and cate-gorically denies any and all rumours suggesting the same,

” the company said in a regulatory statement. In November last year, replying to a Twitter user who asked about the progress of the company’s India plans, Tesla CEO Elon Musk had said, “Yea..Next year for sure”.

 Musk had, however; in the past too tweeted about Tesla’s entry into India. In 2019, replying to a Twitter query, Musk had said he “would love to be there this year If not, definitely next!” In 2018, Musk had cited the coun-try’s challenging regulatory envi-ronment as among the reasons for not foraying into India. Earlier, the Maharashtra gov-ernment had said it is looking for potential investment from Tesla in the state and held discussions with the company. Maharashtra is already home to a host of domestic and foreign au-tomobile manufacturers, with the Chakan industrial belt near Pune being a major automobile hub. 

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