Tesla may Start Electric Cars Business in India
Tesla is an American electric vehicle and clean energy company in California. Besides, electric cars, battery energy storage, solar panels, and roof tiles are the available products of Tesla Motors Inc. This year, it has a plan to set up a subsidiary in Bengaluru before a proposed intro of its electric cars business in India, said a source.Â
On 13th January, the officials of Telsa said that they have officially announced the registration of Tesla in Bengaluru.Â
Moreover, Tesla India Motors and Energy Private Limited has placed its enrolled office at Lavelle Road. It is a business district in Bengaluru. Moreover, the firm set up with a paid capital of Rs. 1 lakh and an approved capital of Rs. 15 lakhs, stated in an RoC (Registrar of Companies) filing.
In 2020, the chief executive officer of Tesla had already tweeted as the firm intends to start its business in India by 2021. Moreover, Vaibhav Taneja, Venkatrangam Sreeram, and David Jon Feinstein are the directors of Tesla India.
The state principal secretary for commerce and industries said that, for a few months, they have interacted with Tesla for being convinced them to start their business in Bengaluru. Finally, the officials of Tesla decided to incorporate its business here.
Furthermore, they also said that they have impressed them as Bengaluru is not only the technology capital but also the planetary science hud and space capital. Bengaluru has the right kind of talent pool for any kind of technology consort. Moreover, the firm will lead to a sales office, research, and further developments as necessary.
R&D set up:
Besides, it has added that earlier Tesla requires to open an R&D centre in Bengaluru. For this, the state had already been offered a space for any other plans and factory plans as well.
On the other hand, in December 2020, the minister of Union road transport and highways said that the electric car company will start its business operations in India early this year. Moreover, it also plans to begin sales. After a few months later, the firm will proceed with the assembly and manufacturing of electric cars.
According to the reports, the company may start its business in India when the State Government and Union have supported the use of green vehicle technology. They plan to use green vehicles to help reduce air pollution.
Start Firms
Ola, Uber, Bounce, and Vogo are the bike-sharing start companies. Now, they have to set up more electric vehicles in their squadrons. Now, Ola is planning to start EV production with a two million two-wheeler plant. Moreover, the Electric Vehicle plant may come up in Tamil Nadu for Rs. 2,400 crores.
On the other hand, Mahindra, Hero, and Hyundai are pressing ahead with proposals to catch a huge share of India’s growing EV market that still accounts for less than 1% of the entire automobile market in the country.
