Tesla India partners with Tata Group on local supply chain: Rumor
Tesla India is reportedly partnering with Tata Group companies to establish a local supply chain and domestic parts production.
Tesla India has allegedly partnered with a few Tata Group companies, including Tata AutoComp, Tata Consultancy Services, Tata Technologies, and Tata Electronics. Tesla and the Tata Group companies are reportedly discussing the possibility of establishing facilities in India, near Tata Group’s manufacturing factories.
“Tesla is, in a way, readying the supplier base in India. We are very sure that once Tesla starts manufacturing here, Indian suppliers will benefit from sourcing opportunities,” an industry source told the Economic Times.
Tesla and Tata Group are supposedly discussing the possibility of developing and producing components like castings, forgings, electronics, and fabrication items. A few sources have also hinted that Tesla may intend to procure supplies from companies outside China and Taiwan, like wiring harnesses, electric motors, gearboxes, and castings.
Tesla wouldn’t be the first company to distance itself from Chinese suppliers. Earlier this year, for example, Panasonic Energy sought to reduce its reliance on Chinese sources, specifically for electric vehicles (EVs) produced in the United States.
Tesla may also be forming stronger ties within India for tax advantages and financial incentives. Last year, the Indian government was close to finalizing a new import tax policy that would encourage foreign EV automakers to invest in the country in exchange for specific tax advantages and incentives. The American EV manufacturer was supposedly set to invest $2 billion in a new plant and buy $15 billion worth of auto parts in India if the new policy would reduce Tesla’s import duties.
India’s strict rules on imported vehicles have always been a point of strain for Tesla’s entry into the country. It has a 60% import duty on vehicles below $40,000 and a 100% rate on vehicles above $40,000. U.S. President Donald Trump and his administration want India to completely eliminate or significantly reduce car import tariffs.
The post Tesla India partners with Tata Group on local supply chain: Rumor appeared first on TESLARATI.
Source: https://www.teslarati.com/tesla-india-tata-group-local-supply-chain/
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