April 19, 2024

Union Commerce Minister Piyush Goyal visited the Tesla manufacturing facility in California on Tuesday. Nonetheless, the much-awaited assembly between Goyal and the top of the electrical car maker Elon Musk didn’t happen.

Piyush Goyal on the US Tesla manufacturing facility. (X/Piyush Goyal) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}}

“I’m thrilled to see proficient Indian engineers and finance professionals working in management roles and contributing to Tesla’s outstanding journey to rework mobility,” Goyal wrote on X after visiting Tesla’s manufacturing facility in Fremont, California.

The minister praised “the rising significance of auto part suppliers from India within the Tesla electrical car provide chain.”

“It’s on observe to double its part imports from India,” he wrote.

Piyush Goyal is in San Francisco to attend the ministerial conferences of the Indo-Pacific Financial Framework and the Asia-Pacific Financial Cooperation.

Tesla CEO Musk would seemingly meet with Goyal to debate the corporate’s plans to arrange a manufacturing facility in India. .

“I missed Elon Musk’s magnetic presence and need him a speedy restoration,” Goyal wrote.

{{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}}

“It was an honor to go to you at Tesla! “I apologize for not with the ability to journey to California immediately, however I stay up for assembly at a later date,” billionaire Musk responded to the publish.

The federal government plans to supply tax breaks on the import of completed electrical automobiles for a interval of as much as 5 years. It’s seen as an try to steer corporations like Tesla Inc. to promote and finally manufacture their automobiles within the nation, the place the electrical car market remains to be in its early phases.

Additionally learn: Authorities considers five-year tax cuts on electrical car imports to woo Elon Musk’s Tesla

In accordance with BloombergNEF, electrical automobiles accounted for lower than 1.5 p.c of whole automobile gross sales final yr. The excessive value of automobiles, lack of choices and the necessity to develop charging stations pose obstacles to the world’s most populous nation’s transition to cleaner vitality.

{{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Thrilling information! Hindustan Occasions is now out there on WhatsApp channels Subscribe immediately by clicking the hyperlink and keep updated with the most recent information! Click on right here! ABOUT THE AUTHOR

Comply with the most recent information and developments from India and world wide with Hindustan Occasions Information Desk. From politics and politics to economics and the surroundings, from native points to nationwide occasions and world affairs, we’re right here for you…View particulars