Tesla Turns Its Attention to India!

Tesla turns its attention to India! Electric vehicle manufacturer Tesla plans to set up a production facility in India.

US electric vehicle manufacturer Tesla has now turned to another big market, India, after its initiative in China. According to the statement from India, Tesla, which was preparing to invest in the country, chose the southern state of Karnataka for production. The decision taken by Tesla was announced by the prime minister of the state. According to the information provided, Tesla had been holding some meetings with local authorities for 6 months and was planning to establish an assembly operation in Bangalore. While Tesla refused to comment on the subject, company has not yet confirmed the statement. According to the news in the Bloomberg News, Tesla takes care not to affect the real estate market in the region and is also considering establishing an R&D facility in the region. Some sources close to the subject state that Tesla has invested in the region due to the availability of talents related to electric car and space technology production.   Tesla had entered the Chinese market Electric vehicle manufacturer Tesla decided to increase production at its factory in Shanghai, China, last year. According to the data of China's Passenger Cars Association, Tesla's Model 3 became the best-selling electric car in the country in 2020. In 2020, Tesla's car sales in China had more than doubled compared to the previous year, despite the coronavirus outbreak. On the other hand, despite the company's success in China, the US is still the company's largest market when looking at last year's sales.       This article has contributions of Bloomberg HT.