IANS | 14 Sep, 2023
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.
