Tesla Will Have A Plant In India, Chief Minister Says: Giga Tumakuru ++ The plans to sell in that market go well beyond importing vehicles.
India is the second-largest country in population, with 1.39 million people. Yet, it is only the fifth-largest car market in the world, behind China, the US, the EU, and Japan. The potential for expansion there is incredible, and Tesla knows that. So much so that its next Gigafactory will be there, according to Karnataka’s chief minister, Bookanakere Siddalingappa Yediyurappa.
A chief minister is equivalent to a governor in India. Karnataka is one of the 28 states in the country, as well as the largest one in South India and the sixth-largest in the country. Its capital is Bangalore, but the new factory should be in Tumakuru, according to Yediyurappa.
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Tesla Registers Its Indian Entity
WASHINGTON (dpa-AFX) - Electric car major Tesla Motors has entered into the Indian automobile market by incorporating its registered office under the name Tesla India Motors and Energy Pvt. Ltd. in the southern city of Bengaluru in the state of Karnataka.
According to a Registrar of Companies (RoC) filing, the new entity is registered as a subsidiary of foreign company. The filing also shows its office registered in Lavelle Road with an authorized capital of INR 15 lakhs and a paid-up capital of INR 1 lakh.
Ahead of the official launch of the company, the car maker also has named three directors for the newly formed Indian entity - Vaibhav Taneja, Venkatrangam Sreeram and David Jon Feinstein.
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Take a look at the India-bound cars from Tesla
Here are the cars from Elon Musk’s electric vehicle giant that we can expect to see on our roads very soon. January 13, 2021 / 07:05 PM IST
Tesla appears to be all over the airwaves, be it for its founder Elon Musk’s newfound status as the world’s richest man, or the fact that it will officially set-up an R&D space in Karnataka’s capital city of Bengaluru. The Palo Alto-based electric carmaker has confirmed that its Indian subsidiary, called “Tesla India Motors and Energy Private Limited” will be headquartered out of Bengaluru and that it has appointed three directors – Venkatarangam Sreeram, Vaibhav Taneja and David Jon Feinstein.
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