After all those tweets, memes and questions popping up one after another, , its finally the CEO who confirmed the company’s entry to the Indian electric vehicle space.
Elon Musk has confirmed Tesla Inc.’s plans to enter India, days after the electric car maker set up a local subsidiary and R&D unit in Bengaluru.
Musk tweeted “As promised,” in response to a thread linked to a blog that analysed how India could still be a market to be developed for Tesla cars despite its high prices.
Tesla, the world’s most valued carmaker, has incorporated a fully owned subsidiary ahead as a first step to set up an R&D unit and a manufacturing plant in the country.
The company’s global senior director David Jon Feinstein, chief accounting officer Vaibhav Taneja and Bengaluru-based entrepreneur Venkatrangam Sreeram are on the board of Tesla India Motors and Energy Pvt. Ltd., according to disclosures with the Ministry of Corporate Affairs.
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