New Delhi (Reuters) – Tesla Inc has moved one step closer to its launch in India after registering a company in the country later this year, a regulatory filing showed on Tuesday.
Tesla Motors India and Energy Pvt Ltd were incorporated on 8 January with its registered office in the southern city of Bengaluru, the hub of several global technology companies.
The filing reveals that the Indian unit has three directors, including David Feinstein, 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 American 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.
The move comes as Indian Prime Minister Narendra Modi 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.
According to a government proposal seen by Reuters, to boost investment, India plans to offer $ 4.6 billion in incentives to companies setting up advanced battery manufacturing facilities.
Report of Aditi Shah. Editing by Mark Potter