Tesla has formally entered the Indian market in January of this year by registering as Tesla India Motors and Energy Private Ltd
Tesla, the US-based EV maker had recently registered with the Registrar of Companies in India as Tesla India Motors and Energy Private Ltd. It was incorporated in Bengaluru on January 8 with a paid-up capital of Rs 1 lakh and an authorized capital of Rs 15 lakh. Though no location has been confirmed by Tesla to set up a manufacturing facility in the state, they have booked an office in the tech capital of India.
As per the tweet from Tesla Club India, the office is located in Richmond Road, Bengaluru, Karnataka. The booking was made through flexible office space provider Awfis Space Solutions and it is situated on the 14th floor. Interestingly, the same building’s ground floor is the showroom for Lexus, and there’s a possibility that this space may soon be turned into a Tesla showroom. Furthermore, this space may be only for registration purposes, and if Tesla wants an HQ in Karnataka it will need a much larger space for R&D. Tesla has also announced that they have appointed three new directors - Vaibhav Taneja, Venkatrangam Sreeram, and David Jon Feinstein for the new company.
Nitin Gadkari, Union Minister for Road Transport and Highways had stated in December of last year that Tesla would be arriving in India in early 2021. Tesla CEO Elon Musk also announced last year via Twitter that it would enter India this year. Currently the most valuable automaker in the world, it is expected to enter India with the entry-level Model 3 which is expected to be priced around Rs 60 lakh. The Model 3 is powered by a 60 kWh lithium-ion battery with a claimed range of 355 kms. It has an electrically-limited top speed of 210 kmph while it can do the 0-100 sprint in only 3.1 seconds.
Awfis had confirmed that Tesla has taken only one desk.
I was hoping to see a Tesla logo on that building!
Initially, Tesla will launch the vehicles as CBU units till it sets up its manufacturing facilities. Karnataka is currently the HQ of several EV companies like Mahindra Electric and Ather Energy. Last December, electric mobility and services company SUN Mobility also revealed its plans to roll out 100 battery swapping stations in Bengaluru by the end of this year.