News Update

Tesla enters the Indian Market, kickstart operations in Bengaluru

According to details on the Registrar of Companies (RoC) website, Elon Musk-led Tesla has registered a subsidiary enterprise, Tesla India Motors and Energy Private Limited on 8th January 2021 in Lavelle Road, Bengaluru.

Vaibhav Taneja, Tesla’s Chief Accounting Officer and David Feinstein, Senior Director, Global Trade and New Markets at Tesla are listed as directors of the entity.

This comes on the back of the Karnataka government making a strong pitch to invite Tesla to the state. The state had offered various locations and solutions to Tesla, to enable them to set up manufacturing, R&D and a headquarters in the state. CNBC-TV18 has reported that Tesla is in touch with state governments in Maharashtra, Gujarat, Tamil Nadu and Andhra Pradesh as well.