During a recent visit to San Francisco, Union Minister for Commerce & Industry, Piyush Goyal, articulated India’s prospective role as a significant EV market and manufacturer. This strategic vision coincides with India’s attempts to entice Tesla and other automakers through reduced EV import tariffs.
Recognizing Indian Talent and Contributions
Goyal’s trip to Tesla’s Fremont factory aimed at engaging with proficient Indian professionals driving Tesla’s innovation in mobility. He proudly acknowledged India’s burgeoning contribution to EV components, citing a near-doubling of exports to Tesla from $1 billion to $1.9 billion.
Praising Indigenous EV Efforts
The Minister lauded Tata Motors and Mahindra & Mahindra for their pivotal roles in advocating and expanding EV manufacturing in India. He foresees India emerging as a significant hub, both in terms of EV manufacturing and as a robust market for electric vehicles.
India’s Quality Manufacturing Advantage
Highlighting India’s production of high-quality auto components, Goyal emphasized their critical role in fortifying the nation’s EV ecosystem. He stressed India’s appeal to global companies and praised the pioneering efforts of Tata and Mahindra in solidifying India’s position in the EV domain.
Tesla Connection and Growing India Link
Goyal’s Tesla visit underscored the pivotal roles played by Indian engineers and finance professionals. He also commended Indian auto component suppliers, emphasizing the imminent doubling of component imports for Tesla from India.
Engagements for Economic Partnership
In addition to the Tesla visit, Goyal’s engagements in San Francisco included active participation in economic summits and discussions with Singapore’s Minister for Trade and Industry, Gan Kim Yong, aimed at fostering deeper economic ties between India and Singapore.
Piyush Goyal’s engagements spotlight India’s ambitions in the EV sector and its concerted efforts to bolster global economic partnerships, positioning the nation as a pivotal player in the EV revolution.
Piyush Goyal’s Vision: Emphasized India’s role as a significant EV market and manufacturer, aligning with efforts to attract Tesla and other automakers through reduced import tariffs.
Recognizing Indian Talent: Acknowledged the substantial presence of Indian professionals at Tesla’s Fremont factory, showcasing their contribution to Tesla’s innovation and mobility.
Pride in Indian Contributions: Expressed pride in the near-doubling of exports to Tesla, highlighting the rise from $1 billion to $1.9 billion, attributing it to India’s increased contributions to EV components.
Applauding Indigenous Efforts: Commended Tata Motors and Mahindra & Mahindra for spearheading EV manufacturing in India, foreseeing the nation’s significant role in both EV manufacturing and market.
Quality Manufacturing Advantage: Underlined India’s production of high-quality auto components as a pivotal factor in fortifying the country’s EV ecosystem, accentuating India’s appeal to global companies.
Tesla Connection and India Link: Highlighted Indian engineers and finance professionals’ crucial roles at Tesla, along with the impending doubling of component imports from India for Tesla.
Economic Partnership Engagements: Participated in economic summits and discussions aimed at deepening economic ties between India and Singapore, showcasing India’s commitment to global economic collaborations.
Via @ businesstoday
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