Waiting for the dream of riding a Tesla half-fashioned model on the way to India started in 2016. This is finally going to be true this year. Elon Musk’s Tesla, the world’s richest man, officially set foot in India on Tuesday. A statement submitted to the Registrar of Companies in Bangalore claimed that Tesla Motors India and Energy Pvt Ltd is opening a wholly-owned subsidiary of Tesla with an authorized share capital of Rs 15 lakh and a paid-up capital of Rs 1 lakh. Vaibhav Taneja, Venkatarangam Sriram and David John Feinstein have been named as the three directors in the Lovewell Road address office.
Last year, in response to a question from a Twitter group called Tesla India Club, Musk wrote in a tweet, ‘Thank you for waiting. Sure, next year. ‘ Tesla is coming to India in 2021 to challenge the rest of the electric car market in India, said Union Transport Minister Nitin Gadkari. This time the government was impressed by that demand. Karnataka Chief Minister BS Yeddyurappa congratulated Musk on his choice of state to visit India. In a tweet, he said, ‘Karnataka will show the way for the rest to spread green mobility in the country. Tesla is set to open a research and development branch in Bangalore soon. Officially, however, the Tesla authorities did not comment on any other move by any branch or agency in Bangalore or anywhere else in the state. After a while, however, the Karnataka Chief Minister also deleted his tweet.
However, Gaurav Gupta, chief secretary of the state’s industry and commerce department, told the media that the state administration had been in talks with Tesla authorities for the past few months. Everyone is happy that Tesla has finally agreed to set foot in the state. Bangalore, better known as the IT capital of the country, will have no shortage of manpower to open branches or factories. How the Tesla authorities want to take their next step depends on them. Hopefully, the Tesla authorities will also choose Karnataka in the next steps like opening a sales office, research and development branch and a factory.
Mobility start-ups like Ola, Uber, Vogo, Bounce, Rapido have already decided to add more electric cars to their list of cars in the next few years. Ola is setting up an electric car factory in Tamil Nadu in a joint venture with another company. Athar Energy, along with other car manufacturers like Mahindra, Hero, Hyundai, has started thinking of setting up an electric car factory in India.
Puneet Gupta, director of market research firm IHS Markets, has claimed that Tesla is going to throw a tough challenge on them after coming to India. He claims, ‘Tesla is one of the leading electric car manufacturers in the world. As they set foot in the country, many will be interested in buying their cars for brand value. Tesla could also invest in other electric car makers, which would further strengthen the country’s electric car market infrastructure as a whole.
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