Tesla aiming to source more parts from India – minister ...News

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Tesla aiming to source more parts from India – minister
Elon Musk’s company plans to purchase components worth $1.9 billion, a trade official has said US electric vehicle producer Tesla is aiming to source automotive components worth up to $1.9 billion from India this year, New Delhi’s commerce and industry minister, Piyush Goyal, announced on Wednesday. The American company bought parts worth $1 billion from India last year, the minister revealed while addressing a session of the Automobile Component Manufacturers Association of India. Tesla CEO Elon Musk pledged significant investment in India following a meeting with Prime Minister Narendra Modi in the US in June. M

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