NEW DELHI: Senior Tesla Inc. executives will meet with government officials on Wednesday and Thursday to discuss local sourcing of parts and other issues, a source with direct knowledge of the matter told Reuters.
The electric carmaker’s renewed interest in India comes nearly a year after it put its plans to sell cars on hold in the country after failing to push through lower import taxes, which CEO Elon Musk says are among the highest in the world.
Tesla and a government spokesman did not immediately respond to a request for comment.
Tesla wanted lower tariffs so it could test the local market with cars imported from the US and China, but the Indian government wanted it to commit to local production before cutting import taxes on cars, which run up to 100% can.
The electric car maker hired a local team and began looking for showrooms, but that too was abandoned last year.
Local sourcing fits PM Modi’s push to attract manufacturers with its Make in India campaign, particularly as companies seek to diversify their supply chains beyond China.
The meeting comes weeks ahead of Prime Minister Narendra Modi’s visit to the United States in June. Bloomberg News first reported on the meeting schedule.
The electric carmaker’s renewed interest in India comes nearly a year after it put its plans to sell cars on hold in the country after failing to push through lower import taxes, which CEO Elon Musk says are among the highest in the world.
Tesla and a government spokesman did not immediately respond to a request for comment.
Tesla wanted lower tariffs so it could test the local market with cars imported from the US and China, but the Indian government wanted it to commit to local production before cutting import taxes on cars, which run up to 100% can.
The electric car maker hired a local team and began looking for showrooms, but that too was abandoned last year.
Local sourcing fits PM Modi’s push to attract manufacturers with its Make in India campaign, particularly as companies seek to diversify their supply chains beyond China.
The meeting comes weeks ahead of Prime Minister Narendra Modi’s visit to the United States in June. Bloomberg News first reported on the meeting schedule.
