The wait is almost over, as US electric vehicle maker Tesla will begin operations in India and focus on Ka
ataka as its preferred state for its headquarters. According to documents seen by Autonexa, the electric vehicle giant has registered its Indian subsidiary under the name "Tesla India Motors and Energy Private Ltd.", which was established in Bengaluru on January 8, 2021. Tesla India is reportedly in talks with the Ka
ment to acquire land in Tumkur, on the outskirts of Bengaluru. The company is expected to begin operations in June this year and the first product to be available will be the Tesla Model 3 sedan, according to reports.
Tesla Model 3
According to the document presented to the Ministry of Corporate Affairs, Vaibhav Taneja, Venkatrangam Sreeram, and David Jon Feinstein were appointed directors. Tesla India is registered as a private unlisted company with an authorized share capital of € 15,000,000 and a paid-up capital of € 100,000. The document also reiterates last year's tweet from Tesla co-founder and CEO Elon Musk that the automaker would enter India "next year for sure."
India has been on Tesla's radar since 2016, but the plans have not materialized despite various speculations. It was also recently reported that state gove
ments, including Maharashtra, Andhra Pradesh, Tamil Nadu, and Ka
ataka, have held talks with the automaker to set up operations in their region, while the company is also considering local partnerships. The Ka
ment has reportedly already offered a plot of land to Tesla India in Tumkur, on the outskirts of Bengaluru, for a manufacturing plant.
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Tesla India to establish operations in Bengaluru, records new company
Jan 13, 2021