Finally the wait is over and the world renowned company owned by world’s second richest man Elon Musk is ready to enter India. According to a Registrar of Companies it has filed for a new entity Tesla India Motors and energy Private Limited . It is reported thatTesla has registered itself as a Company in Bengaluru with its registered office in Lavelle Road.
Vaibhav Taneja, Venkatrangam Sreeram and David Jon Feinstein are listed as Directors of the newly formed company. As per the ROC of the Ministry of corporate Affairs the company has been incorporated as a Subsidiary of foreign Company which could be Tesla Inc.
It is also reported that the company will first launch its fully electric Model 3 Sedan in the country which would be priced around Rs 60 lacs. Earlier in October 2020 Elon Musk himself had said in response to a question by Tesla Club India if there is an India team working on the next year for sure scheduled Tesla entry that the process to bring Tesla cars to India would begin in January 2021.
In December Nitin Gadkari, the union Minister for road Transport and Highways confirmed that Tesla is coming to India but will first start off with sales and then look at assembly and manufacturing based on the response it receives.
Recently Elon Musk gained first spot on Forbes World’s Richest list but soon slipped to second position behind Amazon CEO Jeff Bezoz.