Tesla enters India, to open R&D unit in Bengaluru

Image courtesy: VOX

American electric vehicle giant Tesla has launched an Indian subsidiary named Tesla India Motors and Energy Private Ltd, signalling Tesla CEO Elon Musk’s moves to set up a research and development unit in the country.

The company has been incorporated in Bengaluru on January 8 with Vaibhav Taneja, Venkatrangam Sreeram, and David Jon Feinstein listed as directors of the firm on the corporate affairs ministry website.

Karnataka Chief Minister Yediyurappa hailed Tesla’s arrival. He tweeted: “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.”

Tesla CEO Elon Musk had last year dropped a major hint about his entry into the Indian auto market.

Responding to a user who posted a photograph of a T-shirt that read “India wants Tesla”, Musk mentioned, “Next year for sure”.