Elon Musk's Tesla registers subsidiary in India, names three directors

Elon Musk. Photographer: Justin Chin/Bloomberg

Billionaire Elon Musk-led Tesla has registered a subsidiary company in India, as the Cupertino-headquartered electric vehicle (EV) maker eyes a slice of the largely untapped domestic sustainable automobile market.

According to a Registrar of Companies (RoC) filing, the new entity Tesla India Motors and Energy Private Limited is registered in Bengaluru, Karnataka and is classified as a subsidiary of a foreign company. It has also registered its office in Lavelle Road, a business district in the southern city, with paid-up capital of 1 lakh and an authorised capital of 15 lakh, according to the filing.

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