×
Tuesday, December 24, 2024

Elon Musks Tesla in talks with 3 Indian firms for auto components: Report - Business Standard

Last updated Sunday, August 29, 2021 00:29 ET , Source: NewsService

The company is seeking critical electrical, electronic and mechanical components, the report said, citing people familiar with the matter

Tesla Inc is in talks with at least three Indian auto component suppliers as part of its plans to enter the local market, the Economic Times reported.

The company is seeking critical electrical, electronic and mechanical components, the report said, citing people familiar with the matter. The parts include instrument panels, windshields, differential brakes, gears and power seats, the paper said.

Sona Comstar Ltd., Sandhar Technologies Ltd. and Bharat Forge Ltd. are among Indian companies already supplying components to Tesla, the Economic Times said. Tesla didn’t respond to queries by the paper on the talks.

A Tesla factory to produce cars in India is “quite likely” if the electric automaker can first begin sales with imported vehicles, Chief Executive Officer Elon Musk said in July.

Tesla is currently lobbying for lower taxes on imports as it considers plans to expand into India, one of the world’s biggest emerging car markets, Bloomberg News had earlier reported, citing people with knowledge of the matter.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and...



Read Full Story: https://www.business-standard.com/article/international/tesla-in-talks-with-indian-firms-for-auto-components-says-report-121082900154_1.html

Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.