Tesla initiates talks to set up Research Centre in Bengaluru

Tesla

Highlights :

Tesla initiates talks to set up Research Centre in Bengaluru
India will be the second country besides US where Tesla will have a research centre
India's EV market is expected to touch ₹50,000 crore by 2025

Tesla has shown initial interest to invest in research and innovation centre in Karnataka and talks are in preliminary stage.

If the talks fructify, India will be the second country besides US where Tesla will have a research centre.

INDIA OPPORTUNITIES :

India's EV market is expected to touch ₹50,000 crore by 2025
Of this, battery, motor and controller together can be a ₹15,000 crore opportunity for India by 2025
Over 3 million EVs to be sold in India, majority of them will be 2 and 3-wheelers.

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