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Benzinga
Benzinga
Business
Shivani Kumaresan

EV Maker Fisker Chooses Hyderabad As India Headquarters

India Henrik Fisker Hyderabad FSR Fisker Inc NYSE California United States
  • Electric Vehicle producer Fisker Inc (NYSE: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.
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