Team Blitz India
NEW DELHI: Commerce and Industry Minister Piyush Goyal visited the manufacturing facility of electric vehicle major Tesla at Fremont and said that the company would be doubling its auto components imports from India. The minister is in the US on a four-day visit.
“Also proud to see the growing importance of auto component suppliers from India in the Tesla EV supply chain. It is on its way to double its components imports from India. Missed Mr @ElonMusk’s magnetic presence and I wish him a speedy recovery,” Goyal said on social networking platform X.
The world’s largest electric car producer Tesla Inc’s chief Elon Musk met PM Modi in June in New York and after the meeting Musk had said that he planned to visit India in 2024.
The visit assumes significance as there are reports that India is looking at giving customs duty concessions to Tesla for setting up a plant in the country. In September, Goyal said the company is looking to source components worth around USD 1.9 billion from India this year against $1 billion in 2022.Going forward, demand for electric vehicles will increase and it will help in pushing the growth of the sector.
