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Tesla To Set Up Electric Car Manufacturing Unit In India - Reviews
"Tesla To Set Up Electric Car Manufacturing Unit In India"
Several times, Tesla CEO Elon Musk has said that his company wants to enter the Indian market. The electric car manufacturer registered a branch in Bengaluru last month, which is a gateway for global technology companies.
In Karnataka, Tesla will set up an electric-car manufacturing facility, the southern Indian state's government said in a brief statement.
On Saturday, Karnataka Chief Minister BS Yediyurappa officially confirmed the decision, according to the India Today news organization. The announcement was part of the list of benefits promised in the Union budget for Karnataka.
"American firm Tesla will open a electric-car manufacturing unit in Karnataka," the statement by Yediyurappa said.
Tesla Motors India and Energy Private Limited were incorporated by the electric car manufacturer last month, with its registered office in the city of Bengaluru.
Musk, the richest man in the world, has tweeted several times about his desire to enter the Indian market. In December 2020, he verified that his company Tesla will launch in the country this year.
India has been interested in reducing its dependence on oil to minimize pollution, but its efforts to promote electric vehicles have been hindered by a lack of investment in manufacturing and infrastructure, such as charging stations.
The Indian authorities are planning to offer $4.6 billion (€3.80 billion) in incentives to companies setting up advanced battery manufacturing facilities.
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