Tesla has begun its journey in the Indian market by naming three directors, who will be handling the Indian unit. Tesla is well known for its Electric Vehicles and added a feather in its cap with its latest space venture.
Tesla has appointed three directors: Vaibhav Taneja, Venkatrangam Sreeram and David Jon Feinstein, who will be steering Tesla in the Indian market
Also according to the Registrar of Companies (RoC), Tesla has been registered as a subsidiary unit to a foreign company. It is certain to set-up a R&D department in the city.It has also registered its office in Lavelle Road, a business district in the southern city, with paid-up capital of ₹1 lakh and an authorised capital of ₹15 lakh, according to the filing.
Travel utility startups like Ola, Uber and Vogo among others have made targets to include more EVs into their respective fleets. Ola, the Bengaluru-headquartered company has also considered manufacturing as it has set up a two-million two-wheeler EV plant in Tamil Nadu at a cost of ₹2400 crore.
India is not only the biggest market, but is also a hub of low-cost workers. Knowing this, there were hopes for Tesla to enter the big game for a long time. So, when in December union minister Nitin Gadakari confirmed the news, it brought hopes and optimism for the market.