According to Bloomberg's sources, Menon is stepping down owed to individual reasons.
Prashanth Menon, Tesla’s state caput for India, has stepped down conscionable arsenic nan electrical conveyance elephantine moves guardant pinch its long-anticipated introduction into nan Indian market, according to a study by Bloomberg News, citing group acquainted pinch nan matter.
Menon, a astir nine-year seasoned astatine nan Elon Musk-led company, has served arsenic nan president of Tesla India Motors and Energy Pvt. for complete 4 years. During that time, he played a pivotal domiciled successful establishing nan company’s section operations, including mounting up its Pune agency successful 2021 and helping unafraid leases for Tesla’s first showrooms successful Mumbai and Delhi.
As per Bloomberg’s sources, who requested anonymity owed to nan backstage quality of nan information, Menon is leaving for individual reasons. Tesla has not named an contiguous successor, and operations successful India will now autumn nether nan purview of its China-based team.
Despite Menon’s departure, Tesla is continuing to laic nan groundwork for its India launch. In caller months, nan institution has secured unit leases and accrued section hiring. Final decisions astir nan India rollout are expected to travel from Tesla’s apical leadership, pinch Musk intimately progressive successful mounting world strategy.
In a motion of resetting its India plans, Tesla’s section agency began offering refunds past period to customers who had placed early reservations for nan Model 3 arsenic acold backmost arsenic 2016.
Tesla did not instantly respond to a Reuters petition for comment.
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Published on: May 8, 2025 3:30 PM IST