Elon Musk's Tesla enters in India; Yediyurappa welcomes its entity in Bengaluru
Tesla has been welcomed by Karnataka Chief Minister BS Yeddiyurappa. According to the Ministry of Corporate Affairs, Tesla has registered in Bengaluru on January 8 with a capital of 1.5 crore.
NEW DELHI: Elon Musk, the world's second-richest and veteran businessman who manufactures US electric cars, has entered India after a long wait. Tesla will manufacture and trade luxury electric cars here. It has officially registered in Bangalore under the name of Tesla India Motors & Energy Private Limited. The company's office is located at the Richmond Circle Junction in front of the Bangalore Club.
Tesla registered in Bengaluru:
Tesla has been welcomed by Karnataka Chief Minister BS Yeddiyurappa. According to the Ministry of Corporate Affairs, Tesla has registered in Bengaluru on January 8 with a capital of 1.5 crore. Its registration number is 142975. Its directors are Vaibhav Taneja, Venkatarangam Sriram and David John Feinstein.
Taneja is CFO at Tesla, while Fenstein is Global Senior Director, Trade Market Access at Tesla. The company may launch the Model 3 in India. Delivery can begin at the end of the first quarter of the year.
Union Minister Nitin Gadkari said that Karnataka will lead India's journey towards green mobility. He said electric vehicle maker Tesla would soon start its operations with a research and development unit in Bangalore, India. I welcome Elon Musk to India.
Explain that the discussion of Tesla's arrival in India was in full swing from last year. Tesla CEO Elon Musk said in a tweet in October that his company would enter the Indian market in 2021. Union Minister Nitin Gadkari also confirmed this, saying that Tesla will start its operations in India next year. He had said that India has the potential to become the world's largest electric vehicle producer in the next five years.