The US electric automobile giant Tesla has finally made its entry in the Indian market. It has registered as a company in Bengaluru, Karnataka. Tesla Motors India and Energy Private Limited was incorporated on January 8 as a subsidiary of a foreign company. Vibhav Taneja, Venkatrangam Sreeram and David Jon Feinstein are the three directors in the newly formed company.
Karnataka CM B.S. Yediyurappa confirmed Tesla’s India entry via a Tweet.
“Karnataka will lead India’s journey towards Green Mobility. Electric Vehicle Manufacturer Tesla will soon start its operations in India with an R&D unit in Bengaluru. I welcome @elonmusk to India & Karnataka and wish him all the very best,” tweeted Yediyurappa.
Initially, the company will sell only Completely Built-Up or CBU products in India. We have no information on when the company will start manufacturing in India.
Bengaluru office will be used as R7D centre. As per reports, Tesla is also in touch with as many as five state governments including Maharashtra, Gujarat, Andhra Pradesh and Tamil Nadu to set up operations.
Tesla first initiate India entry a few years back and also started accepting bookings for the Model 3. Several people booked the car by paying $1,000 booking amount. But the company postponed India launch. Now finally the company is in Indian market and the firs car could be entry-level model – Model 3. Since Import taxes are high in India, this car could be priced at as high as 70 Lakh. Prices may come down only after Tesla starts manufacuring in India.
Model 3 comes with a 283 Bhp electric motor that produces a maximum of 450 Nm of peak torque. It can go 0-100 km/h in about 5.5 seconds and offers a top speed of 210 km/h.
