Tesla registered its Indian subsidiary with the Registrar of Companies (RoC) in Bengaluru on January 8, with Rs 15 lakh authorised capital and Rs 1 lakh paid-up capital.
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Source: Reuters
Tesla Inc has set up its India office in Bengaluru, the EV capital of India. Also on board are three directors, two of whom are senior Tesla executives. The third, is a serial entrepreneur based in the Karnataka capital, who has a Tesla connection.
Here is what we know about them.
Vaibhav Taneja
Taneja is Tesla s Chief Accounting Officer and is known for his acumen with numbers. The Chartered Accountant joined Tesla in 2017, after a year at subsidiary SolarCity, which develops and sells solar cells. A commerce graduate from Delhi University, Taneja initially made an impression at PriceWaterhouseCoopers, where he joined in 1996. From the India office, he relocated to the US, eventually spending nearly 17 years at the firm.
Tesla Registers Its Indian Entity
WASHINGTON (dpa-AFX) - Electric car major Tesla Motors has entered into the Indian automobile market by incorporating its registered office under the name Tesla India Motors and Energy Pvt. Ltd. in the southern city of Bengaluru in the state of Karnataka.
According to a Registrar of Companies (RoC) filing, the new entity is registered as a subsidiary of foreign company. The filing also shows its office registered in Lavelle Road with an authorized capital of INR 15 lakhs and a paid-up capital of INR 1 lakh.
Ahead of the official launch of the company, the car maker also has named three directors for the newly formed Indian entity - Vaibhav Taneja, Venkatrangam Sreeram and David Jon Feinstein.
Billionaire Elon Musk breaks silence on Tesla's entry into India, here's what he said - On several occasions earlier, Musk had revealed that he would like to bring Tesla to India.
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Jan 13 2021 · 13:03 UTC | Updated
Jan 13 2021 · 16:19 by Bhushan Akolkar · 3 min read
Photo: Depositphotos
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Tesla is planning to expand its operations in Asia’s second-largest economy and has already registered an office in India. The company is likely to start manufacturing its cars already in 2021.
After an 8% correction on Monday, Tesla Inc (NASDAQ: TSLA) stock bounced back on Tuesday rising nearly 5%. On Tuesday’s closing hours, the TSLA stock was 4.72% up trading at a price of $849 with its market going back above $800 billion. All this happened amid teh talks on the expansion of Tesla to India. Today in the pre-market, the stock is 0.35% down.