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Piyush Goyal meets senior Tesla executives to discuss manufacturing plant plans

Startup News FYI

Startup News FYI · 2y ago

Piyush Goyal meets senior Tesla executives to discuss manufacturing plant plans

Union Minister of Commerce and Industry, Piyush Goyal, reportedly held a closed-door meeting with senior Tesla executives last week to discuss the carmaker’s intentions to establish a manufacturing plant in India. The meeting came shortly after reports surfaced about the potential encounter between the Indian government and Tesla representatives.

Related News

India Contemplates Five-Year Tax Cut On EV Imports To Attract Tesla

Startup News FYI

Startup News FYI · 1y ago

India Contemplates Five-Year Tax Cut On EV Imports To Attract Tesla

The Indian government is considering tax reductions on fully assembled imported electric vehicles (EVs) for up to five years in order to attract companies like Tesla to sell and potentially manufacture EVs within the country. The government is formulating an EV policy that would allow global car manufacturers to import EVs at reduced duty rates if they commit to manufacturing EVs in India. Tesla CEO Elon Musk is expected to meet with Commerce and Industry Minister Piyush Goyal to discuss the company's plans to establish a factory in India.

Tesla to recall several cars due to air bag deployment issues

Livemint

Livemint · 1y ago

Tesla to recall several cars due to air bag deployment issues

Tesla will recall 159 Model S and Model X cars due to potential issues with the driver airbag deploying incorrectly, which could pose a risk of injury during a crash. In a separate update, Tesla has raised prices on its Model 3 and Model Y long-range vehicles in China. Union Commerce Minister Piyush Goyal is also scheduled to meet with Elon Musk to discuss Tesla's plan to enter the Indian market and establish a manufacturing facility.

Gujarat govt 'very hopeful' of Tesla setting up plant in state, says minister

Economic Times

Economic Times · 1y ago

Gujarat govt 'very hopeful' of Tesla setting up plant in state, says minister

The Gujarat government expresses optimism that Tesla will choose the state as its location for setting up a manufacturing plant. Communication between the state government and the electric vehicle maker is ongoing, and an official announcement is expected soon. This follows a meeting between Tesla CEO Elon Musk and Indian Prime Minister Narendra Modi. Gujarat is keen on providing necessary support to Tesla, similarly to what was provided to Tata, Ford, and Suzuki in the past. Additionally, Commerce and Industry Minister Piyush Goyal reveals Tesla's plan to source components worth $1.9 billion from India this year.

India commerce minister to meet Tesla's Musk amid market entry talks

Reuters · 1y ago

India commerce minister to meet Tesla's Musk amid market entry talks

Indian Commerce Minister Piyush Goyal is set to meet with Tesla CEO Elon Musk in the United States to advance Tesla's entry into the South Asian market. Discussions will include Tesla's plans for an Indian factory and manufacturing a $24,000 car locally. They will also address the possibility of India reducing import taxes on electric vehicles (EVs) for automakers that commit to local manufacturing. This meeting aims to ensure talks are progressing favorably between India and Tesla.

Tesla about to double its components imports from India

Reuters · 1y ago

Tesla about to double its components imports from India

Tesla plans to double its component imports from India, according to Indian Trade Minister Piyush Goyal. He made the announcement after visiting Tesla's manufacturing facility in California. In September, Tesla aimed to source components worth $1.7 billion to $1.9 billion from India for the year. The minister's visit included discussions on Tesla's plans to set up a factory in India, manufacture a $24,000 car there, source more components, and establish charging infrastructure across the nation.

CAIT’s Praveen Khandelwal Urges Govt To 'Suspend' Flipkart & Amazon Ops

Inc42 · 11m ago

CAIT’s Praveen Khandelwal Urges Govt To 'Suspend' Flipkart & Amazon Ops

The Confederation of All India Traders (CAIT) Secretary-General, Praveen Khandelwal, plans to meet with Union Commerce Minister Piyush Goyal to discuss suspending the operations of Amazon India and Flipkart. Khandelwal highlighted that the practices of these e-commerce platforms are severely harming the manufacturing industry. The Competition Commission of India (CCI) has recently found Amazon India and Flipkart guilty of violating antitrust regulations by favoring specific sellers and listings.

Elon Musk apologizes after Piyush Goyal's visit to Tesla Fremont factory

Livemint

Livemint · 1y ago

Elon Musk apologizes after Piyush Goyal's visit to Tesla Fremont factory

Elon Musk, CEO of Tesla, apologizes to India's commerce minister, Piyush Goyal, for not being able to meet him during his visit to Tesla's factory in California. Musk expresses his gratitude for Goyal's visit and hopes to meet him in the future. Goyal praises India's contribution to Tesla's journey and states that the company is set to increase its imports from India. Speculation arises about tax concessions for Tesla to establish an EV manufacturing facility in India.

ET World Leaders Forum: From Rajnath Singh to Piyush Goyal, top ministers to address who’s who of world Inc

Economic Times

Economic Times · 16d ago

ET World Leaders Forum: From Rajnath Singh to Piyush Goyal, top ministers to address who’s who of world Inc

Defence Minister Rajnath Singh is set to inaugurate The Economic Times World Leaders Forum, gathering business leaders and policymakers to discuss global challenges and opportunities. Key speakers include ministers Nitin Gadkari and Piyush Goyal. Discussions will cover themes like geopolitical uncertainties and emerging technologies. Singh focuses on enhancing defence capabilities and partnerships, while Gadkari drives infrastructure growth with green initiatives. Goyal steers trade policies and manufacturing incentives to boost the economy by 2047.

Tesla plans to nearly double India component sourcing to $1.9 bln - minister

Reuters · 1y ago

Tesla plans to nearly double India component sourcing to $1.9 bln - minister

India's commerce minister, Piyush Goyal, has announced plans for a new policy aimed at attracting electric vehicle (EV) manufacturers and encouraging greater investment in the sector. This move comes as Tesla continues discussions with the Indian government about potentially establishing a factory in the country. The new policy may include incentives for automakers that commit to local manufacturing and aims to promote domestic EV production and investment in the sector.

Piyush Goyal proposes talks on carbon tax issue with steel industry leaders

YourStory

YourStory · 11m ago

Piyush Goyal proposes talks on carbon tax issue with steel industry leaders

Commerce and Industry Minister Piyush Goyal has urged top steel industry leaders to discuss the implementation of a carbon border adjustment tax (CBAM) to promote sustainable manufacturing in the sector. He also encouraged the industry to aim for 500 million tonnes of steel production by 2047 and explore ways to reduce carbon emissions. Goyal expressed interest in utilizing artificial intelligence to optimize production and improve efficiency. Additionally, he suggested that the industry inform the government of any unfair trade practices in other countries. Goyal is in dialogue with the European Union regarding the implementation of a carbon tax or CBAM.

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