Daily Current Affairs Article 19th January 2021: Elon Musk has confirmed Tesla Inc.'s plans to enter India, days after the electric car maker set up a local subsidiary and R&D unit in Bengaluru.
Tesla has registered its 100 per cent subsidiary, as - Tesla India Motors and Energy Pvt Ltd, according to disclosures with the Ministry of Corporate Affairs.
It is a private unlisted company with an authorised capital of Rs 15,00,000 and a paid-up capital of Rs 1,00,000, according to the MCA filings.
It will enter India with the Model 3 Sedan, expectedly priced at around Rs 60 Lakh.
The vehicle is fully electric and is powered by a 60kw hour lithium-ion battery pack with a range of 500 km. In a span of only 3.1 seconds, the Sedan speeds up from 0 to 60mph and has a top speed of around 250 km.
