Tesla’s next step towards India, Tesla Motors India & Energy Private Limited

Tesla’s next step towards India, Tesla Motors India & Energy Private Limited

So It is happening Tesla Inc has registered itself in India as Tesla Motors India & Energy Private Limited and will be having their office in Bengaluru.

What Tesla told before?

India’s transport minister Nitin Gadkari told a local newspaper in December the U.S. electric carmaker, Tesla would start with their sales and soon will start assembly and manufacturing. And Tesla chief executive Elon Musk has also tweeted several times in recent years replying to some Indian people, about coming to the Indian Market.

Tesla Motors India & Energy Private Limited

Tesla's next step towards India, Tesla Motors India & Energy Private Limited
Image Credit: mca.gov.in

On 8th January 2021, Tesla Inc registered as Tesla Motors India & Energy Private Limited. The Government filing shows Tesla India’s registered office which is located in the Lavelle Road, at Bengaluru, Karnataka. Vaibhav Taneja, Venkatrangam Shreeram & David Jon Feinstein are the directors of Tesla Motors India & Energy Private Limited.

In India Tesla India’s main line of business is Sale; Maintenance And Repair Of Motor Vehicles And Motorcycles; Retail Sale Of Automotive Fuel. That means Tesla will start with their sales, and after that soon they will start assembly and manufacturing in India ( no confirmation till 16.01.2021 ). And if they will start manufacturing and sales then there will be charging stations also nationwide. For now Tesla Motors India & Energy Private Limited is a private unlisted company with an authorized capital of Rs 15,00,000 and a paid-up capital of Rs 1,00,000.

Karnataka Chief Minister B.S. Yediyurappa welcomed Tesla in a tweet late Tuesday but deleted that because of some fresh announcements. The tweet states “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 @elonmusk to India & Karnataka and wish him all the very best.”

Tesla India Share

CEO of Zerodha Nithin Kamath said in a tweet that while a Tesla car can be afforded only by a few Indians, its stock can be bought by a lot more people in India. His poll on Twitter shows that clearly, nearly 80% of people voted for the shares rather than the car, because of obvious reasons, reports say that the price of the cheapest Tesla, the Tesla Model 3 is near about 75 lakh Indian rupees ( as of 16.01.2021 ) after custom duty charges & all.

Elon Musk crossed Jef Bezos in terms of wealth the previous year. The market value of Tesla is increased to $773.5 billion. And last year Tesla produced just over half-a-million cars. All these stats show more and more potential growth of Tesla as an EV manufacturer worldwide. And in the future, we may see Tesla India listed in NSE & BSE also.

Elon Musk’s Tweet: “As Promised”

Conclusion

Not only Tesla there will be Tata Motors, Hyundai, Mahindra to boost the EV industry in India, there will be affordable electric cars on the India roads soon. Thanks for Reading.

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