Confirmed! Elon Musk Will Start Manufacturing Tesla Cars In Karnataka; Company Registered
Chief minister BS Yediyurappa in a statement said that an electric car manufacturing unit will be set up by Tesla Inc in Karnataka. Under the Union Budget 2021, Yediyurappa said in a statement in Kannada that electric car manufacturing unit in Karnataka will be started by American firm Tesla.
Registered Office of Tesla
A subsidiary named Tesla India Motors and Energy Pvt. Ltd has been set up in Bengaluru by billionaire Elon Musk in January. A Registrar of Companies (RoC) filing showed that Tesla has registered office at Lavelle Road with a paid-up capital of ?1 lakh and an authorized capital of ?15 lakh. Including David Feinstein, who is currently a senior executive at Tesla, there are other two directors mentioned in the filing in Indian unit.
The Founder, CEO of Cupertino-based Tesla, Elon Musk said that the US electric carmaker will make a foray into India in 2021. Musk said on Twitter in reply to a post with a photograph of a T-shirt with the message: “India wants Tesla” in October 2020. “Thanks for waiting,” Musk said.
In order to reduce the dependence of nation on oil as well as to curb pollution, Prime Minister Narendra Modi is promoting the production and use of electric vehicles. According to reports, Tesla would open a research and development (R&D) centre in Bengaluru.
Bengaluru Has Just The Talent Pool That Tesla Needs
Gaurav Gupta, principal secretary, commerce & industries of Karnataka told about the interactions they have been having for the last few months with the EV manufacturer and has also expressed happiness as the Automaker has decided to incorporate their company in Karnataka. He said that they have convinced Tesla that Bengaluru has the right talent pool for any kind of technology collaboration and not only it is the technology capital but also the aerospace and space capital.
In India, Tesla will begin its operations early this year with sales and later later venture into assembly and manufacturing of electric cars, said Union road transport and highways Minister, Nitin Gadkari.