American electric car maker Tesla has finally registered its Indian arm amid indications that the company is all set to India’s automobile market. According to a regulatory filing, the firm has registered Tesla India Motors and Energy Pvt Ltd with RoC Bangalore.
The company has registered as an unlisted private entity with a paid up capital of ₹1 lakh.
Vaibhav Taneja, Venkatrangam Sreeram and David Jon Feinstein have been appointed as directors of Tesla India, according to the Registrar of Companies (RoC) filing.
Only last month, India’s Union Minister Nitin Gadkari had said Tesla is set to start its operations in the country in 2021 and that, there are plans to set up a manufacturing unit based on demand.
Earlier on Tuesday, auto major Tata Motors denied tying up with the company for its India foray.
"Tata Motors has not taken any decision regarding a strategic partner for its PV business and categorically denies any and all rumours suggesting the same," the company said in a regulatory statement.
In November last year, on Twitter, Tesla CEO Elon Musk had said about an India entry, "Yea..Next year for sure".
Musk had, however, in the past too tweeted about Tesla's entry into India.
In 2019, replying to a Twitter query, Musk had said he "would love to be there this year. If not, definitely next!"