Good news! Elon Musk’s Tesla to park in Karnataka, set up manufacturing unit in Bengaluru

Bengaluru, a hub for global technology companies, has a good thing going for it!

According to a statement released on Saturday by the BS Yediyurappa-led government, Tesla Inc. is preparing to open a manufacturing facility in Karnataka.

An overview of India’s budget in Kannada, the local language, was included in the official statement.

A state-owned electric vehicle manufacturing facility

It has been announced that “US firm Tesla Inc. will open an electric car manufacturing unit in Karnataka,” according to the state government.

Tesla Motors India and Energy Private Limited was registered in Bengaluru, Karnataka, in January of 2021.

BS Yediyurappa, the chief minister of Karnataka, tweeted that “Tesla would start its operations in India with an R&D unit in Bengaluru,” which was later deleted.

At first glance, it wasn’t clear if the statement from Saturday was referring to the same unit or not. There was no response from Tesla Inc. or the office of BS Yediyurappa.

BS Yediyurappa (@BSYBJP) is the chief minister of Karnataka.

There have been numerous tweets from SpaceX CEO Musk announcing the company’s plans to enter India. His announcement on Twitter in December of that year stated “Tesla will be launching its unit in India by 2021.”

Tesla Inc., run by Elon Musk, bought $1.5 billion worth of Bitcoin earlier this month and announced that it would accept the cryptocurrency as payment in the near future.

Increased investment by India

When it comes to encouraging the use of electric vehicles, India’s efforts have been thwarted by a lack of funding for manufacturing and infrastructure, such as charging stations.

According to a 2020 report, India plans to offer $4.6 billion in incentives to companies that plan to set up advanced battery manufacturing facilities.

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