Commerce and Industry Minister Piyush Goyal
New Delhi: Electric vehicle major Tesla Inc plans to source automobile parts worth up to $1.9 billion this year from India, Commerce Minister Piyush Goyal said on Wednesday.
The imports will be around double as compared to auto parts worth $1 billion imported by Tesla from India last year, Goyal said while addressing the annual convention of Automotive Component Manufacturers Association (ACMA).
He said that last year,Tesla had already bought $1 billion worth of components from India and this year their target is $1.7-$1.9 billion.
The minister said he was convinced that electric vehicles are the future, which “we must try to attract”.
Goyal’s statement comes two months after reports said that the Elon Musk-led company has held talks with the government, and is exploring the possibility of bringing its auto parts and electronics chain to India.
This post was last modified on September 13, 2023 6:15 pm