Palo Alto’s Tesla to set up e-vehicle production line in Southern India



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Palo Alto’s Tesla to set up e-vehicle production line in Southern India

Tesla Inc., the Palo Alto, California-headquartered world’s No. 1 automotive giant by market valuation, would set up an e-vehicle production line in the Southern Indian state of Karnataka, a state Government document seen by a press agency reporter had unveiled on Saturday.

In a brief statement, the state Government was quoted as saying, “The U.S. firm Tesla will be opening an electric car manufacturing unit in Karnataka,” however, the statement has been a part of a document that outlined India’s budget in the state’s local language, Kannada.

On top of that, latest move from the e-vehicle industry mogul came forth a month after it had incorporated Tesla Motors India & Energy Private Limited at its registered office in the Indian city of Bengaluru, widely known as the country’s tech HubSpot for a number of global tech conglomerates.

Besides, shortly after Tesla Inc. had incorporated its Indian arm in Bengaluru, Karnataka, the state Chief Minister, B.S. Yediyurappa had been quoted saying in a tweet that the American multinational carmaker would soon kickstart its operation in India with a Research & Development unit in Bengaluru, however, later the tweet was deleted.

Tesla to launch manufacturing unit in Southern India

Nevertheless, Tesla Inc. boss Elon Musk, the world’s richest man to-date having had net assets worth of $190 billion, tweeted several times about the hurdles Tesla was facing off to set its footprints into India, however, in December, Musk had confirmed in a tweet that Tesla would finally launch a manufacturing hub in India as early as by 2021.

However, while being asked over the subject matter, neither Tesla Inc. nor the office of Karnataka Chief Minister had agreed to comment over the issue. Though, India remain keen to downsize its oil dependence while trimming air pollutions, but several efforts had been met with a stumbling block, mostly due to a lack of investment in the sector, but, local media toplines had revealed that the fifth-largest economy across the world has been mulling an option to offer as many as $4.6 billion in incentives to companies willing to set up advanced battery manufacturing hubs in the country.