From Reuters News by By Bhargav Acharya and Aakriti Bhalla…
BENGALURU, India, February 14 (Reuters) – Billionaire Elon Musk’s Tesla, Inc. (Nasdaq: TSLA) 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.
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