Corporate News
Tesla marks India entry with new office in Bengaluru, names three directors

US-based electric vehicle maker Tesla has registered with the Registrar of Companies in India as Tesla India Motors and Energy Private Ltd. It incorporated itself in Bengaluru on January 8 with an authorised capital of Rs 15 lakh and a paid-up capital of Rs 1 lakh. “Tesla setting up its office in the state is a welcome step. “We will cooperate with it and give it all the facilities to function smoothly,” said Karnataka Industries Minister Jagadish Shettar. No location has yet been finalised for Tesla to set a manufacturing plant in the state, he added. Gaurav Gupta, principal secretary to the government of Karnataka, said the state had been in regular touch with Tesla for the last few months.

News Source:- https://www.business-standard.com/article/automobile/tesla-marks-india-entry-with-new-office-in-bengaluru-names-three-directors-121011201542_1.html