Tesla India to set up its manufacturing plant in Karnataka
As per a new announcement by the Chief Minister of Karnataka - BS Yediyurappa, Tesla India will be setting up its manufacturing plant in Karnataka. Tesla has already registered itself by the name ‘Tesla India Motors and Energy Pvt Ltd’ with the Registrar of Companies, Bengaluru. It will most likely have its headquarters in the same state. The registration of the American electric car maker was done last month on 8 January. It is expected to be headed by three directors - Venkatrangam Sreeram, David Jon Feinstein, and Vaibhav Taneja. The Union Minister for Road Transport and Highways – Nitin Gadkari confirmed that Tesla will commence its business operations in the country this year. It will begin with the sales of its models via tha CBU route and eventually set up a research facility and manufacturing plant in the future. The first offering from Tesla, for India, could be the Model 3 electric sedan which could be priced between Rs 55 to Rs 60 lakh (ex-showroom). The Model 3 is the l