Elon Musk, founder of SpaceX and CEO of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, December 1, 2020.
Johannessen-Koppitz | Bloomberg | Getty Images
Tesla has moved one step closer to its launch in India later this year by registering a company in the country, a legislative application shows on Tuesday.
Tesla Motors India and Energy Private Limited were founded on January 8 with headquarters in the southern city of Bengaluru, a hub for several global technology companies.
The archive shows that the Indian entity has three directors, including David Feinstein, who is currently senior manager at Tesla, according to his LinkedIn profile.
Tesla CEO Elon Musk has tweeted several times in recent years, including as recently as October 2020, about an impending raid in India.
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 down on pollution.
But efforts have been hampered by a lack of investment in production and infrastructure such as charging stations.
To increase investment, India plans to offer 4.6 billion. $ In incentives for companies setting up advanced battery production facilities, according to a government proposal seen by Reuters.