With Tesla entering India, the company would definitely need directors. Some officials are appointed for the Bengaluru office of Tesla- Vaibhav Taneja, Venkatrangam Sreeram, and David Jon Feinstein as directors of of the company in India. Vaibhav Taneja will also be Tesla’s Chief Accounting Officer in India.
Tesla has confirmed that it has registered with the Registrar of Companies (RoC). Hence it is decided that it will be entering India. In India, it will be named Tesla India Motors and Energy Private Limited. According to the RoC of the Ministry of Corporate Affairs, Tesla’s new company will start in Bengaluru on the 8th of January, 2021. Three directors are already enlisted for the company. It has been included as a ‘Subsidiary of Foreign Company,’ which would lead to Tesla Inc.
Tesla gets launched in the Indian market with its first office being registered in Bengaluru.
Venkatrangam Sreeram, Vaibhav Taneja, and David Jon Feinstein are appointed as directors of Tesla India Motors and Energy Private Limited. Taneja will also be acting as the Chief Accounting Officer of the company.
CNBC-TV18 also states that Tesla is on talking terms with the governments of 5 states- Andhra Pradesh, Gujarat, Maharashtra, Karnataka, and Tamil Nadu to look for an R&D manufacturing center. It has also appointed a worldwide consulting organization for doing the work.
An official from the Karnataka Government said that the state is showing its interest. They are asking the company to come to their state and run its business there. The government has also offered different location choices to the company for setting up their office.
Elon Musk, CEO of Tesla and currently the richest man in the world, will reveal the Model 3 Sedan, which is totally an electric car in India. The car will cost somewhere close to 60 lakhs in India.
The Union Minister of Road Transport and Highways, Nitin Gadkari, said that the automotive company would start its operations in India in the first part of 2021. Its functions would begin at different phases. The first part would include Sales. Once they analyze the Sales, they would venture into manufacturing and assembling of parts.
In the month of October, Elon Musk announced that Tesla cars would be brought to India in January 2021.