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Tesla To Set Up India Headquarter In Bengaluru

Jan 14, 2021 18:52 IST

The wait is nearly over as American electric carmaker Tesla will begin operations in India soon and has zeroed down on Karnataka, as its preferred state to set-up its headquarters. According to the documents seen by carandbike, the electric auto giant has registered its Indian subsidiary under the name 'Tesla India Motors and Energy Private Ltd', which was incorporated in Bengaluru on January 8, 2021. According to the document filed with the Ministry of Corporate Affairs, Vaibhav Taneja, Venkatrangam Sreeram, and David Jon Feinstein have been named as directors. The Indian subsidiary has been registered as a private unlisted company with an authorised capital of Rs. 15 lakh and a paid-up capital of Rs. 1 lakh. The company is expected to commence operations by June this year and the first product is likely to be the Model 3 sedan.