According to a document filed with the Ministry of Corporate Affairs (MCA), Tesla India Motors' authorised share capital is Rs. 15 lakhs, while the total paid-up capital is Rs. 1 lakh. Last but not least, Feinstein is now a senior executive at Tesla, according to his LinkedIn profile. David Jon Feinstein is the Global Senior Director of Tesla Inc, while Vaibhav Taneja is its Chief Accounting Officer. Mr Yediyurappa tweeted: "Karnataka will lead India's journey towards Green Mobility".
United States electric vehicle giant Tesla has made its entry in India. "Tesla setting up its office in the state is a welcome step".
India's transport minister Nitin Gadkari told local media last month that Tesla would start with sales and then might look at assembly and manufacturing. Last year, Elon Musk had confirmed that his company would enter the Indian market in 2021. It would be interesting to see if the company would set-up its manufacturing base in Karnataka, or will continue to keep up the suspense and be wooed away by some other state.
The filing shows the Indian unit has three directors including David Feinstein, who is now a senior executive at Tesla, according to his LinkedIn profile.
Recently, it came to light that the world's most valued automobile firm (by market cap) is set to launch its entry-level Model 3 sedan by June in India. "Some challenging government regulations, unfortunately", Musk had tweeted in response to a Twitter user who wrote "No Tesla in India" on his Twitter handle. Tesla's entry comes at a time when India is ramping up charging infrastructure for electric vehicles with the aim of significantly increasing the proportion of electric vehicles plying on the roads.