New Delhi Tesla Inc. has moved closer to its launch in India by registering a company in the country later this year, a regulatory filing showed on Tuesday.
Tesla Motors India and Energy Pvt Ltd incorporated has registered office in the southern city of Bengaluru as the hub of several global technology companies on 8 January.
The filing reveals that the Indian entity has three directors, including David Finstein, 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 US electric car manufacturer would start with sales and could then look at assembly and manufacturing.
Tesla’s Chief Executive Officer Elon Musk has made several tweets in recent years, most recently about the adjacent region in India by October 2020.
Indian PM Modi eager to promotes the production and use of electric vehicles to reduce the country’s oil dependence and cut pollution.
But efforts have gained momentum from lack of investment in manufacturing and infrastructure such as charging stations.
India plans to offer $ 4.6 billion in incentives to companies setting up advanced battery manufacturing facilities to boost investment.