Tesla is now an officially registered company in India and soon enough, it will commence sales of its electric vehicle portfolio in India as well. Tesla registered its Indian subsidiary under the name 'Tesla India Motors and Energy Private Ltd', which was incorporated in Bengaluru on January 8, 2021. If sources are to be believed, the first Tesla model to be sold in India will be the Tesla Model 3, whose sales are supposed to begin in June 2021. Before that, here's a quick lowdown on the company.
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Tesla was founded in 2003 by two American entrepreneurs, Martin Eberhard and Marc Tarpenning. The idea was to create an electric sportscar and one of the funders of this particular startup was PayPal co-founder Elon Musk. It was only in 2008 that Elon Musk, billionaire, iconoclast and serial entrepreneur took over as the CEO once Eberhard and Tarpenning left the company.
The first ever electric car model to be manufactured by Tesla was the Tesla Roadster. With a starting price of $98,000, the Roadster could do the 0-100 kmph sprint in just over four seconds and had a top speed of 200 kmph. It also had a range of about 390+ km. After the success of the Roadster, Tesla began manufacturing prototypes for other electric vehicles and currently has the Model 3, Model S and the Model X along with a few vehicles in the pipeline such as the Tesla Semi and the Tesla Cybertruck as well.
Also Read: Tesla Model 3: All You Need To Know
Coming back to its India operations, Tesla is likely to set up its corporate headquarters in Bengaluru, Karnataka. According to the document filed with the Ministry of Corporate Affairs, Vaibhav Taneja, Venkatrangam Sreeram, and David Jon Feinstein have been named as directors. The company has been registered as a private unlisted company with an authorised capital of ₹ 15,00,000 and a paid-up capital of ₹ 100,000. The Global EV giant is reportedly in talks with five Indian states including Gujarat to set up its operations in the country. The Karnataka government has reportedly offered space to Tesla in Tumkur, on the outskirts of Bengaluru.
The Tesla Model 3 is expected to go on sale by the end of the first quarter of FY2021-22. The pre-bookings for the electric car are expected to begin soon. However, Tesla hasn't revealed India arrival dates and prices yet.