Tesla comes to India, sets up office in Bengaluru

BENGALURU: Ending speculations of whether or not it would come to India and where in the country, Elon Musk’s Tesla has set up its office in Bengaluru, even as details of what the company plans to do in India remains elusive.
The company, data TOI accessed from the Registrar of Companies (RoC) shows has registered in the name of Tesla India Motors and Energy Private Limited at an address on Lavelle Road in Bengaluru’s Central Business District (CBD). The registration was done on January 8.
While Union transport minister Nitin Gadkari said late last month that Tesla would start selling cars in 2021, officials and ministers in Karnataka have been speaking of an R&D centre.
Karnatake chief minister BS Yediyurappa wrote on Twitter: “Karnataka will lead India’s journey towards Green Mobility. Electric Vehicle Manufacturer Tesla will soon start its operations in India with an R&D unit in Bengaluru. I welcome @elonmusk to India & Karnataka and wish him all the very best.”

Karnataka industries minister Jagadish Shettar told TOI on Tuesday: “While the firm has now registered, there is still no clarity on what they would do here. This is the first step and our officials led by the principal secretary are in constant dialogue with the firm. The government is prepared to extend all kinds of support to the firm.”
Industries secretary Gaurav Gupta wasn’t immediately available for comments. However, he had earlier told TOI: “Such big projects take time to materialise as there are a lot of modalities to work out. But we are confident of bringing them here.”
According to the RoC, the entity is registered as an unlisted private company with an authorised capital of Rs 15 lakh and paid-up capital of Rs 1 lakh.
TOI’s queries on the purpose, scope and other details of the company to the registered email address didn’t elicit a response at the time of going to press.
The company has listed three persons — Vaibhav Taneja, Venkatrangam Sreeram, and David John Feinstein — as directors and publicly available information shows Taneja to be the chief accounting officer with the parent company.

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