Tesla Inches Closer to India Launch; Setting up R&D Center in Bengaluru
Jan. 13, 2021As per the documents spotted at the Ministry of Corporate Affairs (MCA), the electric carmaker has registered its Indian entity in the name of“Tesla India Motors And Energy Private Limited”in Bengaluru. The said company was incorporated as a “Subsidiary of Foreign Company” on Friday, January 8.Image Courtesy:ET
The document reveals thatthree directors have been appointedto this Indian subsidiary. This includes – Vaibhav Taneja, Venkatrangam Sreeram, and David Jon Feinstein. Taneja, who is currently the Chief Accounting Officer at Tesla Motors, will soon become one of the key personnel for the company in India.
A quick search reveals that Venkatrangam Sreeram is a Bengaluru entrepreneur, who built two automotive startups – Xenon Automotive and Cleartquote Technologies in India. Last but not least, Feinstein is currently a senior executive at Tesla, according to his LinkedIn profile.
In a now-deleted tweet, Karnataka Chief Minister BS Yediyurappa welcomed Tesla to India and confirmed that the carmaker is setting up an R&D facility in Bengaluru. You can see a screenshot of the tweet attached below:
