Billionaire Elon Musk’s Tesla has officially entered the Indian market as the company registered its first office in India. 

The registration comes from a subsidiary company as the EV maker looks to get a fitting in one of the most lucrative and untapped automobile market in the world. 

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According to a Registrar of Companies (RoC) filing, the new company is called ‘Tesla India Motor and Energy Private Limited’ and is registered in Bengaluru, Karnataka. 

The company has been mentioned as a subsidiary of a foreign company. It has also registered a company at Lavelle Road, a business district in Bengaluru with paid-up optima of ₹1 lakh and authorised capital of ₹15 lakh, according to the filing. 

Tesla has also named three directors for the Indian outfit of the county namely Vaibhav Taneja, Venkatrangam Sreeram and David Jon Feinstein. 

The new office registration was also greeted with a welcoming message by the Chief Minister of Karnataka on Twitter.  

Mr Yediyurappa tweeted: "Karnataka will lead India's journey towards Green Mobility. Electric Vehicle Manufacturer Tesla will soon start its operations in India with an R&D unit in Bengaluru. I welcome Elon Musk to India and Karnataka and wish him all the very best.” 

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Tesla is also planning to open offices in other states and is in talks with Maharashtra, Gujarat, Andhra Pradesh and Tamil Nadu. 

Elon Musk confirmed the entry of Tesla into the Indian market earlier this month and said "Next year for sure” to a reply on a post on Twitter that had a photograph of a T-shirt with the message: "India wants Tesla.” 

Tesla will be launching the Model 4 first in India, as confirmed by Union and Transport Minister Nitin Gadkari. 

It is the cheapest model offered by Tesla at the moment with prices starting at ₹ 55 lakhs. Bookings for 'Model 3' are expected to open in January according to reports. 

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