Fisker announced on April 12 that has established its India headquarters in the southern city of Hyderabad, Telangana State.
“Our expansion into India represents both a strategic market opportunity and a significant boost to our global engineering capabilities,” Fisker Chairman and CEO Henrik Fisker said. “We have already started local hiring in India, and expect our new team in Hyderabad to be fully operational and engaged on multiple product programs within weeks. Our talent pool in India will help us pave the way for the launch of Fisker Ocean and Fisker PEAR in India.”
Fisker Vigyan India Pvt Ltd, the company’s operating entity in Telangana, 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, USA.
“In the global race for leading technical talent, we see our new operation in Hyderabad as a major strategic advantage,” Mr. Fisker added. “I would also like to thank the State of Telangana for their support and enabling us to make a fast start as we set up our initial operations. We are excited to tap into the growing talent pool in India.”
Fisker currently has a global team of over 450 employees, with new hiring in US, Europe and India projected to boost that number to over 800 by the end of 2022, with 200 potential jobs being created in India.
Fisker will commence production of the Fisker Ocean SUV on Nov. 17, 2022, at the carbon-neutral factory of Fisker’s manufacturing partner, Magna Steyr, in Graz, Austria. The Fisker Ocean, in Sport trim level, will have an estimated range of 250 miles (EPA test cycle) / 275 miles or 440 kilometers (WLTP test cycle) and feature a sleek, stylish design, as well as innovative automotive technology and a sustainable interior made from recycled materials. The Fisker Ocean Extreme will deliver up to an estimated range of 350 miles (EPA) / 390 miles or 630 kilometers (WLTP). Fisker worked extensively with battery supplier CATL, using two different chemistries, to maximize performance and minimize cost for the Fisker Ocean lineup.
Recently, the company announced that has exceeded 40,000 initial reservations for the Fisker Ocean SUV. The company will open pre-order reservations for the limited-edition Fisker Ocean One on July 1, 2022, due to anticipated demand. Fisker does not expect to raise prices because of inflationary or commodity-cost pressures through 2023.
The company has indications that many reservation holders intend to purchase the Fisker Ocean One launch edition or Fisker Ocean Extreme models, both priced at $68,999 (depending on the incentives) in the US. As a result, Fisker will open pre-order reservations for purchase of the limited edition Fisker Ocean One SUV to current reservation holders on July 1, 2022.
The company will manufacture 5,000 limited edition Fisker Ocean One vehicles, commencing in November 2022. Given the elevated level of interest in the Fisker Ocean One and Fisker Ocean Extreme, Fisker believes it will potentially sell out capacity through most of 2023 with purchase orders of our premium models.
Recently, the company posted its Environmental Policy ahead of production, setting the standard for automotive OEMs. “We are publishing our Environmental Policy because transparency builds confidence in our mission and our products. It’s unusual for a new company to publicly commit to people and the planet, but this is fundamentally who we are at Fisker,” says CEO Henrik Fisker.