Tesla finally enters India, first stop is Bengaluru


New Delhi, Jan 13 (IANS): Ending years of wait and speculation, Tesla CEO Elon Musk has finally entered India by registering Tesla as a company in Bengaluru.

According to the details available on the Registrar of Companies website, Tesla India Motors and Energy Private Limited has been incorporated and the registered address is in Lavelle Road, Bengaluru.

"Tesla registered its Indian subsidiary with the Registrar of Companies (RoC) in Bengaluru on January 8, with Rs 15 lakh authorised capital and Rs 1 lakh paid-up capital. Tesla India Motors and Energy Ltd has been opened in the city centre, with Vibhav Taneja, Venkatrangam Sreeram and David Jon Feinstein as its directors," said the company in its filing with the RoC.

Taneja is Tesla's Chief Accounting Officer while Feinstein is the Senior Director, Global Trade and New Markets, at Tesla. Sreeram is also a director in Xenon Automotive India Ltd since April 2014 and Clearquote Technologies India Ltd since August 2020.

Karnataka Chief Minister B.S. Yediyurappa also tweeted on Tuesday to inform that Tesla is setting up its research and development (R&D) centre in Bengaluru to commence its India operations soon. The Karnataka government had made a strong pitch to invite Tesla to the state.

"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 @elonmusk to India & Karnataka and wish him all the very best," tweeted Yediyurappa.

Tesla is also in touch with other state governments like Maharashtra, Gujarat, Tamil Nadu and Andhra Pradesh to start its India operations.

Union Road Transport and Highways Minister Nitin Gadkari had said last month that Tesla will begin operations with sales in early 2021 and then "maybe" look at assembling and manufacturing vehicles in the country.

In October last year, Musk, who overtook Amazon founder Jeff Bezos as the world's richest man with a whopping $195 billion net worth last week, had said that the electric car maker is finally ready to enter the India market next year. Reacting to a tweet by Tesla Club India, Musk said: "Will release order configurator probably in Jan."

Tesla sales teams are currently working on building custom sales and production orders for the India market, ensuring orders are complete and validated once the configuration is finished.

The move will also open India to select as one of the countries where Tesla cars can be purchased.

On several occasions earlier, Musk had revealed that he would like to bring Tesla to India, but in a 2018 Twitter post, he cited "some challenging government regulations" as a hurdle.

He also criticised the foreign direct investment norms for the delay in the electric car maker's entry into the Indian market.

"Would love to be in India. Some challenging government regulations, unfortunately," Musk had tweeted in response to a Twitter user who wrote "No Tesla in India" on his Twitter handle.

In July last year, he had hinted at allowing Tesla's Indian fans to drive an electric Model 3 "hopefully soon".

Tesla's entry comes at a time when India is ramping up charging infrastructure for electric vehicles with the aim of significantly increasing the proportion of electric vehicles plying on the roads.

Besides electric vehicles, the US-based clean energy firm makes battery storage from home to grid scale, solar panels and solar roof tiles.

Tesla officials had held talks with the Karnataka government in September last year for opening its research facility in this tech hub. The R&D unit in India is Tesla's second outside the US. Its first such overseas centre is in Shanghai where it has a Gigafactory to make electric cars.

The tech-savvy Karnataka is the first state in the country to have an electric vehicle policy to woo investments in the sunrise sector. A slew of startups like Ola Electric, Sub Mobility and Ather have set up their operations in the city.

 

 

 

 

  

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Comment on this article

  • Alpha, Mumbai

    Wed, Jan 13 2021

    Tesla's first stop in Bangaluru. Nice and I hope Karnataka wins him over other states. I hope the corrupt mentality of our cherished current rulers will not chase him out of the country! I am sure, the first request is - How much you are paying under the table to PM fund? and that will seal the stamp on this deal. Way to go India. Our politicians should see Tesla's project in China and Germany taking shape and it is only because there is no bribing nor corruption in both countries.

    DisAgree [2] Agree [5] Reply Report Abuse

  • vnayak, Mangalore/Switzerland

    Wed, Jan 13 2021

    What happened to the electric car company Reva in Bangalore. They started 20 Years ago or so and were then bought by Mahindra and then.... disappeared from radar.

    DisAgree [2] Agree [7] Reply Report Abuse

  • Bhavya Baliga, Udupi

    Wed, Jan 13 2021

    Better come out of pumpwell with open eyes and dump your radar. Many good things are happening outside pumpwell.

    DisAgree [6] Agree [3] Reply Report Abuse

  • Af,,, MANGALORE

    Wed, Jan 13 2021

    They have purchased a big lock from Godrej

    DisAgree [3] Agree [3] Reply Report Abuse

  • Nota, Udupi

    Wed, Jan 13 2021

    Now andh bhakths will say " All because of Modi " ... Modi effect ....

    DisAgree [7] Agree [14] Reply Report Abuse

  • Edmond, Mangalore

    Wed, Jan 13 2021

    The problem with Modi haters is that they themselves make modi more celebrity... People like you will message or comment like that and few people search for him in google. infact his supporters will not do that. by searching in net definitely person will make more public figure and will be top search results or topper of the world interns of internet and which definitely make him more popular among people around. If you hate someone then instead of spending time in speaking about him, speak something good which makes u more popular. the reason why Congress is losing the same. They spend time spoiling Modi's name. But they don't wont to highlight their good work which was done since ages.

    DisAgree [3] Agree [19] Reply Report Abuse

  • Mangalurian, Mangaluru

    Wed, Jan 13 2021

    The Government makes a huge amount of tax revenue out of fossil fuels...

    ...at least 69% of all retail price of petrol etc is tax.

    So, there is no gain for the Government to support vehicles running on anything but the fossil fuels.

    DisAgree [2] Agree [12] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Jan 13 2021

    Who needs Expensive Petrol & Diesel ...

    DisAgree [10] Agree [15] Reply Report Abuse

  • Roshan Braganza, Mumbai

    Wed, Jan 13 2021

    producing electricity is expensive too

    DisAgree [8] Agree [7] Reply Report Abuse

  • Cynthia, Kirem

    Wed, Jan 13 2021

    Jossey sir, you need one when you are in udupi/mangaluru....

    DisAgree Agree [15] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Jan 13 2021

    Cynthia, Kirem
    I need a navigator in Manaluru ...

    DisAgree [3] Agree [8] Reply Report Abuse

  • Rashid, Mangalore

    Thu, Jan 14 2021

    Come on old buddy, nowadays people move with google map, update yourselves and upgrade in technology.

    DisAgree [1] Agree [1] Report Abuse

  • rahulraj, kadri

    Wed, Jan 13 2021

    Karnataka govt speaks about decongesting B'lor by developing other cities of karnatka by creating jobs....still most of investments are diverted to bengluru....pathetic

    DisAgree [9] Agree [18] Reply Report Abuse


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