By registering a company in the world, a regulatory filing showed on Tuesday, Tesla Inc has taken a little closer to its launch in India later this year.
Tesla Motors India and Energy Private Limited, with its registered office in the southern city of Bengaluru, a centre for many multinational technology firms, was incorporated on January 8.
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The filing reveals that the Indian unit has three executives, including David Feinstein, who, according to his LinkedIn profile, is currently a senior executive at Tesla.
In December, India’s transport minister, Nitin Gadkari, told a local newspaper that the U.S. electric car manufacturer will launch sales and then look at assembly and production.
In recent years, Tesla chief executive Elon Musk has tweeted several times about an imminent foray into India, including as recently as October 2020.
The step comes as Indian Prime Minister Narendra Modi encourages the manufacture and usage of electric vehicles to reduce the reliance of the nation on oil and reduce emissions.
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However, the lack of spending in manufacturing and facilities, such as charging stations, has stymied efforts.
According to a government document seen by Reuters, India aims to give $4.6 billion in subsidies to firms setting up advanced battery production plants to raise investment.