Elon Musk confirms Tesla entry

Tesla CEO Elon Musk has confirmed the company's plans to enter the Indian market, within days of the electric vehicle maker registering its arm in the country.

"As promised," Musk tweeted in response to a thread linked to a blog that analysed how India could still be a market to be developed for Tesla cars despite its high prices.

Earlier this week, it emerged that US electric car maker Tesla has registered its Indian arm amid indications that the company is set to enter the country's automobile market.

According to a regulatory filing, the firm has registered Tesla India Motors and Energy Pvt Ltd with

Registrar of Companies (RoC) Bangalore.

The company has been registered as an unlisted private entity with a paidup capital of Rs 1 lakh.

Vaibhav Taneja, Venkatrangam Sreeram, and David Jon Feinstein have been appointed as directors of Tesla India, as per the RoC filing.

The company is reportedly in talks with five states as it explores feasibility of setting up its manufacturing unit and research and development (R&D) centre in India.