Tesla to double imports of Indian components – Trade Minister.

Farhan Shabir
By Farhan Shabir 1 Min Read

Tesla Inc(TSLA.O) is planning to double the number of factors it imports from India, Indian trade minister Piyush Goyal said on Tuesday through a post on social media platformX.

” Proud to see the growing significance of bus element suppliers from India in the Tesla EV force chain. It’s on its way to double its factors significances from India,”

Goyal posted on X, before calling Twitter, after visiting Tesla’s manufacturing installation at Fremont, California.

He was, still, unfit to meet Tesla principal Elon Musk during his visit to the factory, Goyal added

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

The minister’s visit to the U.S. was supposed to include conversations with Musk around Tesla’s plans to set up an Indian plant, manufacturing a$ 24,000 auto there, sourcing further factors and establishing charging structure across the nation.

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