New Delhi. Electric vehicle major Tesla Inc plans to buy automobile parts worth up to $1.9 billion from India this year, Commerce Minister Piyush Goyal said on Wednesday.
Addressing the annual conference of the Automotive Component Manufacturers Association (ACMA), Goyal said the imports will be almost double the $1 billion worth of auto parts imported by Tesla from India last year.
He said that last year Tesla had already purchased components worth $1 billion from India and this year their target is $1.7-1.9 billion.
The minister said he believes electric vehicles are the future, which “we should try to attract”.
Goyal’s statement comes two months after reports said the Elon Musk-led company has held talks with the government and is exploring the possibility of bringing its auto parts and electronics line to India.
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Web Title-Tesla aims to import automobile parts worth up to $1.9 billion from India this year: Piyush Goyal