tesla to set up electric car manufacturing unit in southern india
TESLA TO SET UP ELECTRIC CAR MANUFACTURING UNIT IN SOUTHERN INDIA
By Reuters
Billionaire Elon Musk's Tesla Inc will set up an electric-car manufacturing unit in the southern Indian state of Karnataka, according to a government document seen by Reuters on Saturday.
"The U.S. firm Tesla will be opening an electric car manufacturing unit in Karnataka," the state government said in a brief statement.
The statement was part of a broader document outlining the highlights of India's budget to its people in the local language of Kannada.
Last month, the electric carmaker incorporated Tesla Motors (NASDAQ: TSLA) India and Energy Private Limited with its registered office in the city of Bengaluru in Karnataka, a hub for global technology companies.
State Chief Minister B.S. Yediy...