Tesla takes another step on road to launch in India

Published January 13, 2021Updated January 13, 2021 12:08pm
Tesla chief executive Elon Musk is seen speaking to the media in this undated file. Musk has tweeted several times in recent years about an impending foray into India. — AP
Tesla chief executive Elon Musk is seen speaking to the media in this undated file. Musk has tweeted several times in recent years about an impending foray into India. — AP

Tesla Inc has moved a step closer to its launch in India later this year by registering a company in the country, a regulatory filing showed on Tuesday.

Tesla Motors India and Energy Private Limited was incorporated on January 8 with its registered office in the southern city of Bengaluru, a hub for several global technology companies.

The filing shows the Indian unit has three directors including David Feinstein, who is currently a senior executive at Tesla, according to his LinkedIn profile.

India’s transport minister Nitin Gadkari told a local newspaper in December that the United States electric carmaker would start with sales and then might look at assembly and manufacturing.

Tesla chief executive Elon Musk has tweeted several times in recent years, including as recently as October 2020, about an impending foray into India.

The move comes as Indian Prime Minister Narendra Modi is promoting the production and use of electric vehicles to reduce the country’s oil dependence and cut down on pollution.

But efforts have been stymied by a lack of investment in manufacturing and infrastructure such as charging stations.

To boost investment, India plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities, according to a government proposal seen by Reuters.

Opinion

Baloch paradox
15 Jan 2021

Baloch paradox

‘Why couldn’t my village have a school?’
Salute the Hazaras
Updated 14 Jan 2021

Salute the Hazaras

The nation has reason to be grateful to the Hazaras for setting models of forbearance in the face of calamity.

Editorial

Updated 15 Jan 2021

Trump’s impeachment

The impeachment move may well remain symbolic in nature; even then, the symbolism itself is a potent one.
15 Jan 2021

Economic growth

MOODY’S Investors Service expects Pakistan’s economy to grow by a modest 1.5pc in FY2021, much higher than the...
15 Jan 2021

Madressah students

GETTING students of madressahs involved in politics is a bad idea, primarily because seminarians should be...
14 Jan 2021

Afghan dialogue

AS the Afghan Taliban and the government in Kabul try and reach a modus vivendi in Doha, it is essential that the...
14 Jan 2021

Polio dangers

IN the first incident of its kind this year, a policeman guarding polio vaccinators was gunned down in KP’s Karak...