The development came after Elon Musk, CEO of Tesla, on Tuesday hinted that the location for the new factory could be India and also expressed his interest in setting up business in the country.
Tesla's renewed interest in India comes nearly a year after it put on hold plans to sell cars in the country after failing to secure lower import taxes.
He said that it is also his token of respect to the retired BMTC driver, Chengappa, who drove the bus between Bengaluru’s Vidyaranyapura and Yashwantpura.