Elon Musk-owned Tesla Inc. sets up first India entity in Bengaluru
- Elon Musk-owned electric vehicle (EV) company Tesla has registered a fully-owned subsidiary in Bengaluru.
- The company will be called ‘Tesla India Motors and Energy Private Limited’.
- The Tesla India unit was incorporated on January 8, 2021.
- The total paid up capital of the company is Rs 1,00,000 and authorised share capital is Rs 15 lakh.
- This is the first centre of the American giant Tesla in India.
- Tesla, the most valuable auto company in the world, plans to open such centres in 5 states of India.
- Tesla headquarter – California, United States