Finally, Tesla arrived in India as a Bengaluru venture, CEO Elon Musk told on Wednesday he’s on the way to fulfil his promise to make electric vehicles run on the country’s roads.
The new Tesla India Motors and Energy Private Limited is registered with Bengaluru, Karnataka and is listed as a foreign business subsidiary in compliance with a Registrar of Companies (RoC) filing. It registered its headquarters in the business district Lavelle Road in the south town of Lavelle, with an approved capital of apparently 1 Lakh and possibly 15 Lakh in compliance with the survey.
Tesla, the electric car producer headed by U.S. billionaire Elon Musk, registered in Bengaluru in Tuesday, and the tweet cancelled after the Chief Minister’s Office had demanded that no official announcements be made until the whole agreement was completed.
Minister of Industry, Jagdish Shettar, also told ThePrint that although Tesla had registered a Bengaluru office, talks continued with the government about how they would invest the state.
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.”
Tesla, Inc. (formerly Tesla Motors, Inc.) is an American electric and renewable energy automotive corporation based in Palo Alto, California. Tesla’s latest offerings include electric vehicles, electricity storage from home to grid, solar panels and solar roof tiles, as well as other associated products and services.
Created in July 2003 as Tesla Motors, the company’s name is a reference to Nikola Tesla, an inventor and electrical engineer. Elon Musk, who contributed much of the funds in the early days, has been CEO since 2008. According to Musk, Tesla’s goal is to help speed up the transition to renewable transport and electricity from electric cars and solar power.
List of chief executive officers of Tesla
1 Martin Eberhard (2004–2007)
2 Ze’ev Drori (2007–2008)
3 Elon Musk (2008–present)
Tesla appointed Vaibhav Taneja, Venkatrangam Sreeram and David Jon Feinstein as the three directors of the newly created agency in the region.
Who are they?
Sreeram is a Bengaluru entrepreneur who co-founded the Xenon Automotive and ClearQuote automotive software businesses, all of which work in the automotive aftermarket field.
While Taneja is Tesla’s Chief Accounting Officer, Feinstein is Senior Director, Global Trade and New Markets.