April 16, 2024

Tesla Inc.’s automobile facility is pictured in Costa Mesa, California, USA on November 1, 2023. Portal/Mike Blake/File Picture Purchase License Rights

BENGALURU, Nov 14 (Portal) – U.S. electrical automobile maker Tesla Inc (TSLA.O) plans to double the variety of parts imported from India, Indian Commerce Minister Piyush Goyal stated in a put up on the social media platform on Tuesday X

“I’m proud to see the rising significance of auto part suppliers from India within the Tesla electrical automobile provide chain. The corporate is within the technique of doubling its part imports from India,” Goyal posted on X, previously referred to as Twitter, after a go to to Tesla’s manufacturing facility in Fremont, California.

Nevertheless, he was not in a position to meet Tesla boss Elon Musk throughout his go to to the manufacturing unit, Goyal added.

He stated in September that Tesla deliberate to supply $1.7 billion to $1.9 billion value of parts from India this yr after shopping for $1 billion value of parts final yr.

The minister’s go to to the US was anticipated to incorporate discussions with Musk about Tesla’s plans to arrange an Indian manufacturing unit, make a $24,000 automobile there, supply extra parts and construct charging infrastructure throughout the nation, Portal reported final week.

Reporting by Ashna Teresa Britto in Bengaluru; Edited by Rashmi Aich and Nivedita Bhattacharjee

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