Tesla Will Manufacture Electric Vehicles in India
Tesla (NASDAQ: TSLA) is planning to expand its electric vehicle (EV) manufacturing capabilities to India, according to a report by Reuters. The company is preparing to set up a factory in the southern state of Karnataka, according a government document.
The text made only a brief statement regarding the move, saying, "The U.S. firm Tesla will be opening an electric car manufacturing unit in Karnataka," according to the state government brief, which addressed the part of India's budget benefiting the local population.
Image source: Tesla.
Source Fool.com
