In a significant development, Tesla Inc, the U.S. electric car giant, is set to double its import of components from India, as disclosed by Union Minister of Commerce and Industry, Piyush Goyal. Goyal, who recently visited Tesla's manufacturing facility in Fremont, California, took to social media platform X to express his pride in witnessing the rising importance of Indian auto component suppliers in Tesla's electric vehicle (EV) supply chain.

Key Highlights:

1. Commerce and Industry Minister Piyush Goyal visited Tesla's manufacturing facility in Fremont, California, on November 14, 2023.
2. Despite the positive developments, Goyal was unable to meet Tesla CEO Elon Musk during his visit.
3. In September, Tesla had announced its goal to procure components valued between $1.7 billion and $1.9 billion from India for the current year, following a $1 billion investment in components the previous year.

Goyal's post on X highlighted Tesla's commitment to increasing its reliance on Indian suppliers. He revealed that in September, Tesla aimed to procure components valued between $1.7 billion and $1.9 billion from India this year, marking a substantial increase from the $1 billion spent on components in the previous year.

Despite the positive development, Goyal was unable to meet Tesla's CEO, Elon Musk, during his visit to the manufacturing plant. 

The Minister's trip to the U.S. was initially planned to include discussions with Musk regarding Tesla's intentions to establish a manufacturing facility in India, produce a $24,000 car locally, enhance component sourcing, and build a nationwide charging infrastructure. 

The move signifies a deeper integration of Indian manufacturers into the global EV supply chain and aligns with Tesla's broader plans for expansion and collaboration in the Indian market.