Electric vehicle giant Tesla of Elon Musk has finally registered with the Registrar of Companies in India at its Bengaluru branch. The office setup is done at the Richmond circle junction opposite Bangalore Club.
As per data from the Ministry of Corporate Affairs, Tesla India Motors and Energy Private Ltd has been constituted as a legal corporation in Bengaluru on January 8th.
Vaibhav Taneja, Venkatrangam Sreeram, and David Jon Feinstein are directors of the corporation while Taneja is the Chief Accounts Officer at Tesla Inc, and Feinstein is Global Senior Director, Trade Market Access at Tesla. The Company registered with a capital of Rs 1.5 crore and a paid-up capital of Rs 100,000, as per reports.
CM BS Yediyurappa welcomed Elon Musk to Bengaluru via social media.
Gaurav Gupta, principal secretary, commerce & industries of Karnataka said that they have been, “Interacting with Tesla for the last few months and it is happy news that they have decided to incorporate their company here. We have impressed upon them that Bengaluru is not only the technology capital but also the aerospace and space capital. For any kind of technology collaboration, it has the right kind of talent pool.”
Industries minister Jagadish Shettar quoted “Tesla is registered in Karnataka as a company now for commercial activity. Officials are in touch with Tesla Company but it is too soon to speculate about investment and land where they’ll do manufacturing. It’s only a company that is registered now”.
