EV Maker Fisker Chooses Hyderabad As India Headquarters

Electric Vehicle producer Fisker Inc FSR has established its India headquarters in the southern city of Hyderabad.
The company has started local hiring, and the new team is expected to be operational within weeks.
Fisker Vigyan India Pvt Ltd, the company's operating entity, will focus on software development and embedded electronics, virtual vehicle development support functions, data analytics, and machine learning.
The Hyderabad office will work alongside the Fisker engineering and product development facilities in California, U.S.
"Our expansion into India represents both a strategic market opportunity and a significant boost to our global engineering capabilities," said Chairman and CEO Henrik Fisker.
Fisker expects to create 200 jobs in India.
Price Action: FSR shares are trading higher by 0.90% at $12.35 in premarket on the last check Tuesday.