Tesla has set up a Research and Development Unit in Bengaluru, Karnataka India after incorporating a local subsidiary. The unit comes just when India is encouraging the adoption of sustainable vehicle technologies, with Karnataka being at the forefront of unveiling electric vehicle policies, looking to generate up to $4.2 million.
A LiveMint report shows that the state has offered space to accommodate a manufacturing plant, in case Tesla chooses to expand beyond R&D.
Company filings show 3 directors will sit on Tesla India Motors and Energy Private Limited’s board; its global senior director David Jon Feinstein, chief accounting officer Vaibhav Taneja and Bengaluru-based entrepreneur Venkatrangam Sreeram.
Reuters reports that India’s PM Narendra Modi is promoting the production and use of EVs, to cut down the nations’ pollution and reliance on oil. However, the country is still short of investment in infrastructure such as charging systems.
The country is therefore offering up to $4.6 billion in incentives to companies launching battery manufacturing facilities.