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Official: Tesla to Build Electric Vehicle Factory in South India
Billionaire Elon Musk’s Tesla Car Company Will Open Electric Vehicle Production In The Indian State Of Karnataka, Located In The South Of The Country. Reported by the state government.
According to the India Today News Agency, Chief Minister of Karnataka State B.FROM. B S Yediyurappa officially confirmed this decision on Saturday. Tesla to launch electric vehicle production in Karnataka, Ediyurappa said in a statement. He previously said on Twitter that Tesla would open a research and development center in Bangalore, but deleted the tweet shortly thereafter.
Last month, the American electric vehicle manufacturer registered a subsidiary of Tesla Motors India and Energy Private Limited in India with an office in Bangalore, which has become a hub for international technology companies.
Musk has tweeted several times about his desire to enter the Indian market. In December 2021, he confirmed that Tesla will launch production in the country this year.
India is seeking to reduce its dependence on oil and reduce environmental pollution, but so far its plans to promote electric vehicles have been hampered by a lack of investment in their production and the deployment of the necessary infrastructure, including charging stations.
India plans to offer $ 4.6 billion in subsidies to companies that will build state-of-the-art battery factories to attract investors, Reuters reported.