Tesla Registers Its Indian Entity
Tesla Registers Its Indian Entity WASHINGTON (dpa-AFX) - Electric car major Tesla Motors has entered into the Indian automobile market by incorporating its registered office under the name 'Tesla India Motors and Energy Pvt. Ltd.' in the southern city of Bengaluru in the state of Karnataka. According to a Registrar of Companies (RoC) filing, the new entity is registered as a 'subsidiary of foreign company.' The filing also shows its office registered in Lavelle Road with an authorized capital of INR 15 lakhs and a paid-up capital of INR 1 lakh. Ahead of the official launch of the company, the...