INDIA: Elon Musk’s Tesla has finally made its entry in India and registered as a company in Karnataka’s Bengaluru. According to the reports, Tesla is also in touch with other state governments like Maharashtra, Gujarat, Tamil Nadu, and Andhra Pradesh to start its Indian operations. The US electric car giant has reportedly set up an R&D unit in Bengaluru.
“Karnataka will lead India’s journey towards Green Mobility. Electric Vehicle Manufacturer Tesla will soon start its operations in India with an R&D unit in Bengaluru. I welcome Elon Musk to India and Karnataka and wish him all the very best,” Karnataka chief minister B.S. Yediyurappa announced the arrival of Tesla with a tweet.
Tesla Motors India and Energy Private Limited were incorporated on January 8 with its registered office in Bengaluru, a hub for several global technology companies.
According to the reports, Tesla’s Indian unit has three directors including David Feinstein, who is currently a senior executive at Tesla.
Last month, Musk had confirmed the entry of Tesla into the Indian market by posting a photograph of a T-shirt with the message: “India wants Tesla” on Twitter. Tesla’s entry into India comes at a time when Prime Minister Narendra Modi is increasingly focusing to promote the use of electric vehicles.
Musk had planned the entry of Tesla way before in 2016. But, the company never went ahead with its operations post the announcement due to the changing import policies and dismal infrastructure for electric vehicles. Tesla has even started accepting orders from its Indian customers.
In the past couple of years, there has been a significant rise in the privately imported Tesla vehicles in the country. Model 3, the cheapest among Tesla vehicles will be the first model to be launched in India. The base price of the vehicles will be around 55 lakhs($75,223).