Tuesday, October 21, 2025
spot_img

Tesla takes another step on road to launch in India

spot_img
- Advertisement -

Tesla Inc has moved a step closer to its launch in India later this year by registering a company in the country, a regulatory filing showed on Tuesday.

Tesla Motors India and Energy Private Limited was incorporated on Jan. 8 with its registered office in the southern city of Bengaluru, a hub for several global technology companies.

The filing shows the Indian unit has three directors including David Feinstein, who is currently a senior executive at Tesla, according to his LinkedIn profile.

India’s transport minister Nitin Gadkari told a local newspaper in December the U.S. electric carmaker would start with sales and then might look at assembly and manufacturing.

Tesla chief executive Elon Musk has tweeted several times in recent years, including as recently as October 2020, about an impending foray into India.

The move comes as Indian Prime Minister Narendra Modi is promoting the production and use of electric vehicles to reduce the country’s oil dependence and cut down on pollution.

But efforts have been stymied by a lack of investment in manufacturing and infrastructure such as charging stations.

To boost investment, India plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities, according to a government proposal seen by Reuters.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

IKEA gets about 50,000 sqm land for facility in Noida, to create 2K jobs

IKEA gets about 50,000 sqm land for facility in...

Quantum Technology: How It Can Revolutionize Human Resources

Recently, the Government of India has approved Rs.6003 crores...

RBI Innovation Hub Initiates Digital Loan Pilot for Gig Economy

RBI Innovation Hub (RBIH) has launched a pilot project...

Quess Corp’s Head- HR Ritesh Agrawal steps down

Ritesh Agrawal Head-HR of Quess Corp Limited has resigned Ritesh...

Performance Management – A Reality Check

Recently, the CHRO of a leading consulting firm shared...

Accenture Ends Global Diversity and Inclusion Goals

Accenture is ending its global diversity and inclusion (D&I)...

Paytm Employees Complain to Labour Ministry Over Layoffs

According to Moneycontrol, several employees of the fintech platform...

JK Fenner (India) Ltd. appoints Sakthivel M as VP-Corporate HR

A part of the renowned JK Organization, JK Fenner...

Related Articles

SightsIn Plus
SightsIn Plushttps://sightsinplus.com/
SightsIn Plus is an India’s leading high-quality people-focused monthly HR Magazine and provides up-to-date HR News, Leadership Announcements, Best HR Practices and Insights by Global CHROs, CEOs, HR Advisors, Business Managers and HR Heads on topics of interest to HR professionals. To subscribe SightsIn Plus, HR Magazine please visit- https://sightsinplus.com/subscribe/