TESLA MAY SOURCE $1.9BN PARTS THIS YEAR, NEARLY 2X OF 2022

Even before it forays into India with its electric cars, American electric vehicle giant Tesla has begun heavy component sourcing from the country. It is expected to ship parts worth $1.7-1.9 billion this year from India. Commerce and industry minister Piyush Goyal said while the company finalises its launch plans for the market, it is already sourcing significantly from India, indicating the robustness of the manufacturing processes and quality of production.

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