This week in Auto: Here’s why Tesla s India entry should mean more than just flashy electric cars
Here is a wrap on what else made headlines in the auto space during the week January 16, 2021 / 01:57 PM IST
Finally, the world’s most valuable automotive company Tesla, Inc has an India address. The American electric car maker registered its India subsidiary earlier this week, bringing cheer to not just auto enthusiasts but also to electric vehicle (EV) manufacturers. More on this later. Here is a wrap on what else made headlines in the auto space during the week:
Toyota withdraws lockout
How Zerodha founders welcomed entry of Tesla, a stock market darling, into India
A Tesla Inc. Model S electric vehicle
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Tesla shares rose a staggering 700% in 2020
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New Delhi: American electric car maker Tesla has registered its Indian arm amid indications that the company is set to enter the country s automobile market and among many who welcomed the EV maker to the country are the founders of the brokerage company Zerodha.
On Twitter, the Kamath brothers welcomed Tesla founder Elon Musk to India with a stock market twist attached to it.
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Tesla Enters Indian Market
Tesla has been registered as an unlisted private entity with a paid-up capital of Rs 1 lakh. outlookindia.com 2021-01-14T16:36:40+05:30
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American automobile company Tesla has registered itself in India amid indications that the company is set to enter the country s automobile market.
The company has been registered as an unlisted private entity with a paid up capital of Rs 1 lakh.
According to a regulatory filing, the firm has registered Tesla India Motors and Energy Pvt Ltd with RoC Bangalore.
Vaibhav Taneja, Venkatrangam Sreeram and David Jon Feinstein have been appointed as directors of Tesla India, as per the Registrar of Companies (RoC) filing.
Tesla CEO Elon Musk confirms India entry, opens unit in Bengaluru
India
Published: Thursday, January 14, 2021, 18:34 [IST]
New Delhi, Jan 14: Tesla CEO Elon Musk has confirmed the company s plans to enter the Indian market, within days of the electric vehicle maker registering its arm in the country. As promised, Musk tweeted in response to a thread linked to a blog that analysed how India could still be a market to be developed for Tesla cars despite its high prices.
Earlier this week, it emerged that US electric car maker Tesla has registered its Indian arm amid indications that the company is set to enter the country s automobile market.