Tesla has finally entered India and registered as a company in Bengaluru.
As per the details available on the Registrar of Companies website, Tesla India Motors and Energy Private Limited has been incorporated and the registered address is in Lavelle Road, Bengaluru.
“Tesla registered its Indian subsidiary with the Registrar of Companies (RoC) in Bengaluru on January 8, with Rs 15 lakh authorized capital and Rs 1 lakh paid-up capital. Tesla India Motors and Energy Ltd has been opened in the city center, with Vibhav Taneja, Venkatrangam Sreeram, and David Jon Feinstein as its directors,” said the company in its filing with the RoC.
Taneja is Tesla’s Chief Accounting Officer while Feinstein is the Senior Director, Global Trade and New Markets, at Tesla. Sreeram is also a director in Xenon Automotive India Ltd since April 2014 and Clearquote Technologies India Ltd since August 2020.
Karnataka Chief Minister BS Yediyurappa also tweeted on Tuesday to inform that Tesla is setting up its research and development (R&D) center in Bengaluru to commence its India operations soon. The Karnataka government had made a strong pitch to invite Tesla to the state.
“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 & Karnataka and wish him all the very best,” tweeted Yediyurappa.
Tesla is also in touch with other state governments like Maharashtra, Gujarat, Tamil Nadu, and Andhra Pradesh to start its India operations.