Tesla to double its components imports from India: Piyush Goyal
The Hindu
Tesla plans to double components imported from India, according to Commerce & Industry Minister Piyush Goyal. He visited Tesla's Fremont facility but was unable to meet Elon Musk. Last year, Tesla bought $1 billion of components from India and is aiming to source $1.7-$1.9 billion this year
U.S. electric car maker Tesla Inc is planning to double the number of components it imports from India, Commerce and Industry Minister Piyush Goyal said on Tuesday through a post on social media platform X.
"Proud to see the growing importance of Auto component suppliers from India in the Tesla EV supply chain. It is on its way to double its components imports from India," Mr. Goyal posted on X after visiting Tesla's manufacturing facility at Fremont, California.
He was, however, unable to meet Tesla chief Elon Musk during his visit to the plant, Mr. Goyal added.
He said in September Tesla was aiming to source components worth between $1.7 billion and $1.9 billion from India this year, having bought $1 billion of components last year.
The Minister's visit to the U.S. was supposed to include discussions with Mr. Musk around Tesla's plans to setup an Indian factory, manufacturing a $24,000 car there, sourcing more components and establishing charging infrastructure across the nation.
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