Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Tesla Explores Establishing Auto Parts Chain In India, Sparks Renewed Interest

- Advertisement -

“Tesla Engages in Talks for India Expansion, Seeks Incentives for Auto Parts Chain”

With Prime Minister Narendra Modi’s recent meeting with Tesla CEO Elon Musk, the significance of these discussions for Tesla’s expansion plans and India’s automotive industry is apparent.

In a significant development, Tesla, the US-based electric vehicle manufacturer, is engaged in active discussions with officials from the Indian government regarding the potential establishment of its auto parts and electronics chain in India, according to a report by the Economic Times. These talks reflect a renewed interest from Tesla in the Indian market and include negotiations for incentives and tax benefits.

- Advertisement -

The discussions gained momentum following a recent meeting between Prime Minister Narendra Modi and Tesla CEO Elon Musk during Modi’s visit to the United States. Sources familiar with the matter revealed that the talks have revolved around the annual capacity of five lakh vehicles and a starting price of Rs 20 lakh.

Despite the government’s request for Tesla to evaluate the existing auto components supply chain within the country, the electric vehicle manufacturer is keen on building its own supply chain ecosystem in India. A senior government official, who preferred to remain anonymous, confirmed that they have requested specific requirements from Tesla and encouraged them to consider sourcing their needs from the Indian ecosystem. However, the official acknowledged Tesla’s already well-established system of suppliers, making these initial talks crucial for progress.

In addition to engaging with the government, Tesla has been holding meetings with industry executives in India. At a recent gathering organized by the Society of Indian Automobile Manufacturers (SIAM), Tesla expressed its intention to bring its own suppliers to India. While SIAM highlighted the presence of experienced and established Indian component manufacturers, advocating for their inclusion, Tesla emphasized its preference for an “all in-house” approach. The company believes that its specific set of quality standards can only be replicated through its existing partners.

These discussions and engagements hold significant implications for Tesla’s expansion plans in India and the country’s automotive industry. As Tesla explores the establishment of its auto parts and electronics chain, the Indian market presents new opportunities and challenges. 


 

- Advertisement -

Most Popular Articles

Optical Fibre Connecticity-Ladakh

Indian Army Installs Optical Fiber Connectivity In Siachen And Daulat Beg Oldi 

0
Ongoing infrastructure projects, such as the new road to Daulat Beg Oldie (DBO), are set to significantly improve logistical support for troops deployed in...

Lumax Auto Buys 60% Of Greenfuel Energy For Rs 153.09 Cr

0
This collaboration with Greenfuel enables LATL to expand and diversify its range of solutions for automotive OEMs in India. Lumax Auto Technologies has completed the...

River Launches Updated Indie Electric Scooter With Chain Drive And New Colors

0
The revamped Indie now comes with a single-speed gearbox and a chain drive, enhancing both durability and cost-effectiveness. It is also available in two...

Ola Unveils S1 Z Electric Scooter Priced At Rs 59,999

0
The S1 Z operates with two detachable 1.5kWh battery packs and features 14-inch wheels. Ola Electric has recently expanded its lineup of electric scooters by...

Mahindra Unveils Electric BE 6e And XEV 9e Models

0
Deliveries are scheduled to start in late February or early March 2025, following a phased market introduction that begins in January 2025. Both models...
S.K. Yadav of RIGOL Technologies

“Our India Business Is $2 Million, With A Goal To Reach $6 Million” –...

0
In a chat with EFY’s Nitisha, S.K. Yadav of RIGOL Technologies highlights the company’s journey in India, shedding light on its growth prospects and...
Bejoy George, Managing Director- Chipmax Designs Private Limited,

“We Are Advancing R&D Projects To Develop Modular Assembly Lines With Adaptive Robotics” –...

0
How do you envision technological progressions influencing the future of manufacturing operations? Get informed from Electronics for You’s Akanksha while in dialogue with Bejoy...
Srinivas Parikshith, Co-founder of Auckam Technologies

“We Anticipate Turnover Reaching 40 Million Rupees Next Year With The New Product Line”...

0
Discussing the electronics manufacturing sector, Srinivas Parikshith, Co-founder of Auckam Technologies, talked to EFY’s Nitisha Dubey about their expansion plans to set up a...

“We Bring Intelligence Early On Into The Design Cycle” – Michel Van Cotthem VP...

0
With a solution embedding intelligence early in the design-to-source lifecycle, Supplyframe aims to leverage India’s electronics manufacturing boom. At IEW 2024, Michel Van Cotthem...
Vijai Karthick Selvam, Director of Teqtis

“We Do Everything From The Initial Concept To The Final Box Build” – Vijai...

0
Why are testing and R&D essential to combat printed circuit board manufacturing challenges? Speaking to EFY's Nitisha Dubey, Vijai Karthick Selvam, Director of Teqtis,...

HKTDC Electronics Fair Sparks Innovation, 60,000+ Participants!

0
Showcasing cutting-edge tech, global innovation, and booming markets for the future of electronics, HKTDC’s Hong Kong Electronics Fair and electronicAsia drew 60,000+ professionals. Last month,...
Applied Materials Representational Image

Applied Materials Selects Six Startups For Deep-Tech Accelerator Programme

0
The selected deep-tech startups will be evaluated for investment by Applied Ventures and potential collaboration opportunities with Applied Materials. In collaboration with the company's India...

Space tech Startup Akash Secures $68M CHIPS Funding

0
Eyeing to power into AI, EVs, and more high-tech industries, Akash Systems lands $68 million CHIPS grant to boost its cooling tech facility, generating...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

Industry's Buzz

Optical Fibre Connecticity-Ladakh

Indian Army Installs Optical Fiber Connectivity In Siachen And Daulat Beg Oldi 

0
Ongoing infrastructure projects, such as the new road to Daulat Beg Oldie (DBO), are set to significantly improve logistical support for troops deployed in...

Lumax Auto Buys 60% Of Greenfuel Energy For Rs 153.09 Cr

0
This collaboration with Greenfuel enables LATL to expand and diversify its range of solutions for automotive OEMs in India. Lumax Auto Technologies has completed the...

River Launches Updated Indie Electric Scooter With Chain Drive And New Colors

0
The revamped Indie now comes with a single-speed gearbox and a chain drive, enhancing both durability and cost-effectiveness. It is also available in two...

Ola Unveils S1 Z Electric Scooter Priced At Rs 59,999

0
The S1 Z operates with two detachable 1.5kWh battery packs and features 14-inch wheels. Ola Electric has recently expanded its lineup of electric scooters by...

Mahindra Unveils Electric BE 6e And XEV 9e Models

0
Deliveries are scheduled to start in late February or early March 2025, following a phased market introduction that begins in January 2025. Both models...

Learn From Leaders

S.K. Yadav of RIGOL Technologies

“Our India Business Is $2 Million, With A Goal To Reach $6 Million” –...

0
In a chat with EFY’s Nitisha, S.K. Yadav of RIGOL Technologies highlights the company’s journey in India, shedding light on its growth prospects and...
Bejoy George, Managing Director- Chipmax Designs Private Limited,

“We Are Advancing R&D Projects To Develop Modular Assembly Lines With Adaptive Robotics” –...

0
How do you envision technological progressions influencing the future of manufacturing operations? Get informed from Electronics for You’s Akanksha while in dialogue with Bejoy...
Srinivas Parikshith, Co-founder of Auckam Technologies

“We Anticipate Turnover Reaching 40 Million Rupees Next Year With The New Product Line”...

0
Discussing the electronics manufacturing sector, Srinivas Parikshith, Co-founder of Auckam Technologies, talked to EFY’s Nitisha Dubey about their expansion plans to set up a...

“We Bring Intelligence Early On Into The Design Cycle” – Michel Van Cotthem VP...

0
With a solution embedding intelligence early in the design-to-source lifecycle, Supplyframe aims to leverage India’s electronics manufacturing boom. At IEW 2024, Michel Van Cotthem...
Vijai Karthick Selvam, Director of Teqtis

“We Do Everything From The Initial Concept To The Final Box Build” – Vijai...

0
Why are testing and R&D essential to combat printed circuit board manufacturing challenges? Speaking to EFY's Nitisha Dubey, Vijai Karthick Selvam, Director of Teqtis,...

Startups

HKTDC Electronics Fair Sparks Innovation, 60,000+ Participants!

0
Showcasing cutting-edge tech, global innovation, and booming markets for the future of electronics, HKTDC’s Hong Kong Electronics Fair and electronicAsia drew 60,000+ professionals. Last month,...
Applied Materials Representational Image

Applied Materials Selects Six Startups For Deep-Tech Accelerator Programme

0
The selected deep-tech startups will be evaluated for investment by Applied Ventures and potential collaboration opportunities with Applied Materials. In collaboration with the company's India...

Space tech Startup Akash Secures $68M CHIPS Funding

0
Eyeing to power into AI, EVs, and more high-tech industries, Akash Systems lands $68 million CHIPS grant to boost its cooling tech facility, generating...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...