Tesla Makes India Debut, Sets Up New Office In Bengaluru, Names Three Directors

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  • It has incorporated itself with an authorised capital of Rs 15 lakh and a paid-up capital of Rs 1 lakh
  • Vaibhav Taneja, Venkat­rangam Sreeram, and David Jon Feinstein will be the three directors of the new company
Elon Musk (pic credit: Wikipedia)

Tesla has registered its Indian entity in the name of Tesla India Motors And Energy Private Limited in Bengaluru Karnataka, according to documents filed in the Ministry of Corporate Affairs (MCA). It has incorporated itself with an authorised capital of Rs 15 lakh and a paid-up capital of Rs 1 lakh. Vaibhav Taneja, Venkat­rangam Sreeram, and David Jon Feinstein will be the three directors of the new company.

Bengaluru is not only the technology capital but also the aerospace and space capital

Gaurav Gupta, principal secretary, commerce & industries of Karnataka said that the government has been interacting with Tesla for the last few months and it is happy news that they have decided to incorporate their company here. Bengaluru is not only the technology capital but also the aerospace and space capital. For any kind of technology collaboration, it has the right kind of talent pool, he added.

He added that how they want to enter and take it forward is left to their judgment. Hopefully, this will lead to sales office, research and further developments as necessary, he added.

The state government had earlier said that Tesla 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.

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