18/01/2021 02:54 PM | Click to read full article
As US-based electric car maker Tesla Inc plans its India entry this year, it has taken a tax-friendly jurisdiction route. The route taken by Elon Musk-led Tesla will allow it to avail benefits on capital gains and dividend payments. Also, the European country's strong intellectual property (IP) framework will allow Tesla to bring the latest technology to the country.
The company's incorporation documents reveal its India unit, Tesla Motors and Energy, India, has a parent company based in Amsterdam.