- Tesla has officially entered India, Registered as Tesla India Motors and Energy Private Ltd., incorporated in Bengaluru, on January 8.
- The state government had earlier said that Tesla would open a research and development (R&D) centre in Bengaluru
Electric vehicle company Tesla Motors has officially entered India by registering with the Registrar of Companies as Tesla India Motors and Energy Private Ltd., incorporated in Bengaluru, on January 8.
Tesla India Motors And Energy Private Limited was registered in Karnataka with a Tesla Global Director listed as one of the company’s directors.
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Indian Subsidiary Directors:
As per a RoC filing, Vaibhav Taneja, Venkatrangam Sreeram, and David Jon Feinstein have been named as directors of Tesla’s India subsidiary.
According to his LinkedIn profile, Taneja is Chief Accounting Officer (CAO) at tesla motors. Another listing shows that Feinstein is Global Senior Director, Trade Market Access at Tesla Motors.
Sreeram is a director at Xenon Automotive India, a Bengaluru-based company that (among other things) sells a digital Automotive Dealer Management Toolkit. He is also co-founder of ClearQuote, which uses computer vision to assess damage to cars. But perhaps more relevant is the fact that he worked for tesla motors in Shanghai from 2012-2014 as a project manager involved in setting up the wholesale and retail operations in China.
The listing was surfaced on Twitter by a Tesla fan account, Tesla Club India, which also tracked down the location of Tesla’s new office. Looking up the company on listing sites, you can also see that it is registered as a subsidiary of a foreign company, in the Sale, Maintenance, and Repair of motor vehicles category.
BREAKING : @Tesla has been incorporated in Karnataka, India on January 8, 2021 as “TESLA INDIA MOTORS AND ENERGY PRIVATE LIMITED”🇮🇳.— Tesla Club India® #TeslaIndia🇮🇳 (@TeslaClubIN) January 12, 2021
Company also lists 3 Directors for India.
Welcome @elonmusk , we are waiting for official launch⚡#TeslaIndia🇮🇳 #TCIN pic.twitter.com/a5mMY5P84s
R&D Centre in Bangalore:
The state government had earlier said that Tesla motors would open a research and development (R&D) centre in Bengaluru but that it had offered space for any other plans the company may have, including a manufacturing plant.
Mobility start-ups like Ola, Uber, Bounce, and Vogo among others have made targets to include more EVs into their respective fleets. Ola, the Bengaluru-headquartered company has also forayed into manufacturing as it has set up a two-million two-wheeler EV plant in Tamil Nadu at a cost of ₹2400 crore. Other big companies like Mahindra, Hero, and Hyundai and start-ups like Ather are surging ahead with their respective plans to capture a higher share of India’s nascent EV market that accounts for less than 1% of the entire automobile market in the country.
The Tesla Model 3 is the cheapest among Tesla vehicles, with prices in India reportedly starting at over $74,739 (roughly Rs. 55 lakhs), and bookings will start in January.
Source Credits: This article has been written based on Internet Articles & Twitter Tesla Fan Club Account.
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