India Business Journal - Tesla sets up India unit in Bengaluru

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Tesla sets up India unit in Bengaluru

IBJ Bureau
Jan 24, 2021

Tesla, the US-based, electric-vehicle (EV) company, has registered with the Registrar of Companies in Bengaluru as Tesla India Motors and Energy Private Limited recently. The most-valued car-maker in the world has registered itself as a private company with an authorised capital of Rs 15 lakh. It has named Vaibhav Taneja, Venkatrangam Sreeram and David Jon Feinstein as directors of Tesla India. The EV manufacturer has also announced setting up of a brand new research and development unit. Tesla’s India foray is seen as a first step to set up a manufacturing plant for its EVs in the country.