Recently the news has come on the internet that Union Commerce Minister Piyush Goyal on Tuesday visited Elon Musk’s Tesla manufacturing facility in Fremont, California, where he showered praise on the electric vehicle firm and highlighted India’s role in contributing to Tesla’s remarkable journey. Since the news has come on the internet it circulated on the social media platforms. Currently, this news has been gaining huge attention from the people. Now lots of people are super curious to know about the whole information. Here we have more information about the news and we will share it with you in this article.
The Union Minister is currently on a four-day visit to the US, which started on 13 November, to attend the Indo-Pacific Economic Framework (IPEF) Ministerial Meeting and the Asia Pacific Economic Cooperation (APEC) Summit. Goyal reported about his visit to Tesla’s Fremont factory on X, noting that the “state of the art” manufacturing establishment also employs several qualified Indian engineers and financial professionals. He also highlighted the role played by Indian-sourced auto components in the Tesla EV supply chain. Scroll down to the next page for more information about the news, so please read the complete article.
In his X post, Goyal wrote: “Visited @Tesla ’s state-of-the-art manufacturing facility at Fremont, California. Extremely delighted to see expert Indian engineers and finance professionals working in Senior positions and donating to Tesla’s remarkable journey to transform mobility”.” Also proud to see the growing importance of auto-component
suppliers from India in the Tesla EV supply chain. It is on its way to doubling its component imports from India. Missed Mr @ElonMusk’s magnetic presence and I wish him a speedy recovery”. You are on the right page for more information about the news, so please read the complete article.
Tesla EV in India soon?
Piyush Goyal’s visit is being seen as a sign that the Indian government may have eventually agreed to grant Tesla tax concessions for the electric car market to set up a factory in India. A recent report that the Indian government has been considering reducing the duty on electric vehicles to 15% across the board. But, the report said that the government has not yet agreed on the policy. All completely built (CBU) vehicles priced below $40,000 now attract a 70% import duty, while vehicles priced above $40,000 attract a 100% import duty. Here we have shared all the information which we had. Stay tuned to us for more updates.