Now Elon Musk confirms Tesla’s entry to Indian electric vehicle market

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 space.

Elon Musk has confirmed Inc.’s plans to enter India, days after the maker set up a local subsidiary and R&D unit in .

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 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 -based entrepreneur Venkatrangam Sreeram are on the board of Tesla India Motors and Energy Pvt. , according to disclosures with the Ministry of Corporate Affairs.

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