Tesla holds talks with Indian firms for sourcing critical parts
ROADS & HIGHWAYS

Tesla holds talks with Indian firms for sourcing critical parts

Tesla Inc is in talks with three Indian companies to source significant parts to enter the Indian market.

The company is planning to source electrical, critical electronic, and mechanical parts. India-based firms Sandhar Technologies, Bharat Forge, and Sona Comstar are already providing components to it.

Introductory talks are going on with tier 1 firms for supplying different parts like windshields, instrument panels, brakes, and power seats.

According to the media reports, recently, a meeting took place between the Automotive Component Manufacturers Association of India (ACMA) and Tesla agents in India.

The head of policy and development, Tesla India, Manuj Khurana, and a senior officer from global strategic sourcing and supply chain at Tesla are in talks with different tier I suppliers.

Tesla's Electric Vehicle (EV) has fewer moving components than other engines. So, it may require few component providers. The company manufactures electric parts like battery packs and chargers, electric motors while getting the sub-assemblies and remaining components from worldwide suppliers.

Sunjay Kapur, president of ACMA, said that India is quickly becoming a sourcing hub for components. He told the media that the company is looking to improve its exports as there is an enormous growth chance. At present, ACMA exports 80% of its output.

The auto component sector requested the government to increase the production-linked incentive scheme to electronic parts and electric to promote local sourcing by global firms.

EV purchase is increasing over many states owing to beneficial incentives and the deployment of charging infrastructure. As per the industry observers, two-three wheelers would go completely electric first.

According to the experts, India's market for electric two-wheelers reached 5 million units in three years. Through the new financial support launched by the government, it would make vehicles even more affordable.

Image Source


Also read: Tesla reveals 5,000 km supercharging route in China

Tesla Inc is in talks with three Indian companies to source significant parts to enter the Indian market. The company is planning to source electrical, critical electronic, and mechanical parts. India-based firms Sandhar Technologies, Bharat Forge, and Sona Comstar are already providing components to it. Introductory talks are going on with tier 1 firms for supplying different parts like windshields, instrument panels, brakes, and power seats. According to the media reports, recently, a meeting took place between the Automotive Component Manufacturers Association of India (ACMA) and Tesla agents in India. The head of policy and development, Tesla India, Manuj Khurana, and a senior officer from global strategic sourcing and supply chain at Tesla are in talks with different tier I suppliers. Tesla's Electric Vehicle (EV) has fewer moving components than other engines. So, it may require few component providers. The company manufactures electric parts like battery packs and chargers, electric motors while getting the sub-assemblies and remaining components from worldwide suppliers. Sunjay Kapur, president of ACMA, said that India is quickly becoming a sourcing hub for components. He told the media that the company is looking to improve its exports as there is an enormous growth chance. At present, ACMA exports 80% of its output. The auto component sector requested the government to increase the production-linked incentive scheme to electronic parts and electric to promote local sourcing by global firms. EV purchase is increasing over many states owing to beneficial incentives and the deployment of charging infrastructure. As per the industry observers, two-three wheelers would go completely electric first. According to the experts, India's market for electric two-wheelers reached 5 million units in three years. Through the new financial support launched by the government, it would make vehicles even more affordable. Image Source Also read: Tesla reveals 5,000 km supercharging route in China

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement