Tesla India Motors and Energy Private Limited
Tesla has marked its entry in India and registered itself as a company in Bengaluru.
Accordingto a Registrar of Companies filing, the new entity ‘Tesla India Motors and Energy Private Limited’ is classified as a subsidiary of a foreign company. It has also registered its office in Lavelle Road, a business district in the southern city, with paid-up capital of ₹1 lakh and an authorised capital of ₹15 lakh, according to the filing.
Tesla is considered one of the most aspirational brands across the globe and the formation of its subsidiary is quite significant for India’s economy and its nascent EV industry. This can be an inflection point for electric mobility in India and might convince many prospective customers to consider buying an EV in the future. Also, an investment from Tesla might convince other leading vehicle manufacturers and their component suppliers to invest in India for development of EV and related parts,” said Puneet Gupta, director, IHS Markit, a data analytics firm.
Tesla’s likely entry into India comes at a time when the union and state governments have been encouraging higher adoption of green vehicle technologies to help bring down the carbon footprint.
Tesla has named Vaibhav Taneja, Venkatrangam Sreeram and David Jon Feinstein as the three directors at the new entity.
Tesla authorised capital
Telsa has also registered its office in Lavelle Road, a business district in the southern city, with paid-up capital of ₹1 lakh and an authorised capital of ₹15 lakh, according to the filing.
Tesla Elon musk
Billionaire Elon Musk-led Tesla has registered a subsidiary company in India, as the Cupertino-headquartered electric vehicle (EV) maker eyes a slice of the largely untapped domestic sustainable automobile market.
Tesla India Motors Karnataka
Karnataka is known as a technological hub in India and is the home to many premier science and research centers that operate out of the country. A few notable examples are the Indian Space Research Organization, the Central Power Research Institute, and the Central Food Technological Research Institute