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Tesla is set to increase its component imports from India, as announced by Indian Trade Minister Piyush Goyal.
In a recent post on the social media platform X, previously known as Twitter, Goyal expressed pride in the expanding role of Indian auto component suppliers in Tesla’s electric vehicle (EV) supply chain. This announcement follows his visit to Tesla’s manufacturing facility in Fremont, California, although he noted he was unable to meet Tesla’s CEO Elon Musk during the visit.
Goyal’s visit to the United States was reportedly focused on discussions with Musk about Tesla’s potential plans in India. These plans include setting up a manufacturing unit for a $24,000 car, increasing component sourcing, and developing a nationwide charging infrastructure.
Goyal’s statement comes after his September claim that Tesla aims to import components valued between $1.7 billion and $1.9 billion from India this year, an increase from the $1 billion worth of parts purchased last year.