Who are the three directors in Tesla's new Indian subsidiary?
Bengaluru, Jan 13: As Tesla has registered its Indian entity in Bengaluru it has named three directors of whom two are Indian.
Vaibhav
Taneja,
David
Jon
Feinstein
and
Venkatrangam
Sreeram
have
been
named
as
directors
in
its
newly-registered
Indian
subsidiary,
Tesla
India
Motors
and
Energy.
While
Taneja
is
Tesla's
Chief
Accounting
Officer,
Feinstein
is
Senior
Director,
Global
Trade
and
New
Markets.
Sreeram is a Bengaluru entrepreneur who has co-founded automotive tech companies Xenon Automotive and ClearQuote, both of which operate in automotive aftermarket space.
This comes after ETAuto broke the news about its entry and launch plans of Model 3 on 26 December 2020. The company was incorporated on 08 January 2021 and is classified as a private subsidiary of a foreign company. It's authorized share capital is INR 15.00 lakh and the total paid-up capital is INR 1.00 lakh.
Tesla, the world's most valued automobile corporation by market cap may launch its electric sedan Model 3 in June this year. It is reported that Tesla is also looking to set-up its R&D base in India.