6.5 C
Thursday, December 7, 2023
HomeBusinessTesla to double Indian imports, confirms minister

Tesla to double Indian imports, confirms minister


Related stories

UAE extradites British trader accused of fraud to Denmark

THE United Arab Emirates (UAE) on Wednesday (6) extradited...

Sri Lanka credit talks may lead to more funds

SRI LANKA’S pact with creditor nations to restructure its...

Growth and closer EU ties priorities for Labour, says Starmer

LABOUR leader Sir Keir Starmer on Monday (4) said...

Amid rising costs, Asian small businesses fear a bleak future

ASIAN small business owners have accused council leaders of...

India supplies to Walmart rise as China shipments shrink

WALMART is importing more goods to the United States...

US electric car maker Tesla Inc is planning to double the number of components it imports from India, Indian trade minister Piyush Goyal said on Tuesday (14) 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,” Goyal posted on X, earlier called Twitter, 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, Goyal added.

He said in September Tesla was aiming to source components worth between $1.7 billion and $1.9bn from India this year, having bought $1bn of components last year.

The minister’s visit to the US was supposed to include discussions with 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, Reuters reported last week.



- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories