Business
Tesla aims to source automobile parts worth up to $1.9 billion from India this year, says Piyush Goyal

New Delhi, September 13
Electric vehicle major Tesla Inc plans to source automobile parts worth up to $1.9 billion this year from India, Commerce Minister Piyush Goyal said on Wednesday.
The imports will be around double as compared to auto parts worth $1 billion imported by Tesla from India last year, Goyal said while addressing the annual convention of Automotive Component Manufacturers Association (ACMA).
He said that last year,Tesla had already bought $1 billion worth of components from India and this year their target is $1.7-$1.9 billion.
The minister said he was convinced that electric vehicles are the future, which "we must try to attract".
Goyal's statement comes two months after reports said that the Elon Musk-led company has held talks with the government, and is exploring the possibility of bringing its auto parts and electronics chain to India.

4 hours ago
US: One dead, several injured in New Hampshire mass shooting

4 hours ago
US' state California bans masks for immigration agents during operations

4 hours ago
Indian Embassy in US issues emergency helpline amid H-1B visa fee

4 hours ago
As US restricts H-1B, 'Trump Gold Card' visa goes on sale for $1 million

4 hours ago
Leading immigration lawyer calls White House H-1B clarification a 'walk back'

4 hours ago
India, US armies now join hands to boost defence medical and strategic cooperation

22 hours ago
H-1B Visa Fee only for new petitions, not renewals: White House

1 day ago
Australian study unlocks secrets of ancient life through fossil faeces

1 day ago
Nepal: Interim PM Karki has to rebuild public trust in governance

1 day ago
Afghan senior official slams Trump's remarks on Bagram airbase

1 day ago
Tech giants urge H-1B holders to stay in US after Trump's visa overhaul, ask those abroad to return to US

1 day ago
CoHNA celebrates end of DOJ investigation on BAPS temple

1 day ago
Not only US, several countries are restricting entry