US electric car giant Tesla finally entered India and set up an R&D center in Bengaluru.
Karnataka CM BS Yediyurappa also tweeted to notify that Tesla is setting up its
research and development (R&D) center in Bengaluru.
Ending years of wait and expectation, electric car giant Tesla has finally entered India
by registering the company in Bengaluru. According to the details available on the
Company website, Tesla India Motors and Energy Private Limited has been
incorporated and the registered address in Lavelle Road, Bengaluru.
Tesla India will be led by three directors – Vaibhav Taneja, Venkatrangam Sreeram, and
David Jon Feinstein – based on data from the Ministry of Corporate Affairs. The
authorized and paid-up capital are listed at Rs 15 lakh and Rs 1 lakh respectively.
Karnataka Chief Minister BS Yediyurappa also tweeted on Tuesday to announce that
Tesla is setting up its R&D center in Bengaluru to commence its operations in India
soon. A strong pitch has been made by the Karnataka government to invite Tesla to the
“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
Tesla is also in touch with other state governments like Maharashtra, Tamil Nadu
Gujarat, and Andhra Pradesh to start its operations. Last month, Union Road Transport
and Highway Minister Nitin Gadkari said that Tesla will begin sales operations in early
2021 and then “maybe” look at assembling and manufacturing vehicles in the country.
Elon Musk, who overtook Amazon founder Jeff Bezos last week as the wealthiest man
in the world with a whopping $195 billion net worth, said in October last year that the
electric car maker is finally ready to enter the Indian market next year. Reacting to a
tweet by Tesla Club India, Musk said: “Will release order configurator probably in
Tesla India is most likely to debut in India with the Model 3 sedan which will take the
CBU route at the beginning. Tesla’s entry comes at a time when India is increasing its
electric vehicle charging infrastructure to significantly increase the proportion of
electric vehicles on the roads.
Besides electric vehicles, the US-based clean energy firm makes battery storage from
home to grid-scale, solar roof tiles, and solar panels.
In September last year, Tesla officials held talks with the Karnataka government to
open its research facility in this tech hub. In India, the R&D unit is Tesla’s second
outside the US. It’s first such overseas center 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 drive investments in the sunrise sector. A number of startups like Ola Electric,
Ather, and Sub Mobility have set up their operations in the city.