Tesla To Set Up Electric Car Manufacturing Unit In Southern India
In January, Elon Musk's company set up a subsidiary named Tesla India Motors and Energy Pvt. Ltd in Bengaluru
Billionaire Elon Musk’s Tesla Inc. has announced to set up an electric-car manufacturing unit in the southern Indian state of Karnataka, according to a government document seen by Reuters on Saturday.
“The U.S. firm Tesla will be opening an electric car manufacturing unit in Karnataka,” the state government said in a brief statement.
The statement was part of a broader document demarcating the highlights of India’s budget to its people in the local language of Kannada, the report said.
Last month, the electric carmaker incorporated Tesla Motors India and Energy Private Limited with its registered office in the city of Bengaluru in Karnataka, a hub for global technology companies,th report further said.
State chief minister B.S. Yediyurappa had then said in a tweet, which was subsequently deleted, that Tesla would start its operations in India with a research and development (R&D) unit in Bengaluru, the statement said.
Tesla and the office of Karnataka state chief minister did not immediately respond to Reuters’ request for comments.
Musk has tweeted several times about the company’s impending foray into India. In December, the Tesla CEO confirmed in an exchange on Twitter that Tesla will launch in the country in 2021.
India has been keen to reduce its oil dependence and cut down on pollution, but its efforts to promote electric vehicles have been stymied by a lack of investment in manufacturing and infrastructure such as charging stations.
To boost investment, India plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities, Reuters reported last year.