Elon Musk-led Tesla has joined hands with Tata Electronics, thereby haralding a new era in the Indian EV Market. This partnership is bound to play a key role in the carmaker’s Indian operations.
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Tesla Partners with Tata Electronics as a Part of a Strategic Semiconductor Deal
Tata Electronics has been a major supplier of semiconductor chips for Tesla’s global operations. This pretty much points out the carmaker’s interest in the local semiconductor supply chain. The carmaker now aims to tap into India’s EV sector, with Elon Musk set to meet with Prime Minister Narendra Modi to discuss plans for setting up his company’s manufacturing facility in India.
Tesla will likely invest $ 2-3 billion in India. Much of this is earmarked for producing some of its electric cars. Clearly, the recent revisions in policies, such as the reduction of import duties on EVs costlier than $…