India's auto component makers want Tesla's potential entry to benefit the country's suppliers, and one way to achieve that is for the company to manufacture locally, the head of the Automotive Component Manufacturers Association (ACMA) said. Tesla Inc Chief Executive Elon Musk said in July that the company was likely to set up a factory in India if successful with imported vehicles after it sought big cuts in import duties on electric cars. The demand, reported by Reuters, has polarised the auto industry in the country and prompted a rare public debate among carmakers over whether easing import tax rates runs contrary to India's push to promote domestic manufacturing.
Hear from Spire Global’s CEO on Wednesday, Aug. 4, 2021 at 1:00 PM ET in a virtual even to discuss the company’s proprietary satellite technology and space-based data analytics solutions, as well as its pending business combination with NavSight Holdings. The event, hosted by IPO Edge in partnership with The Palm Beach Hedge Fund Association, will include a live […]
The Chinese market has become increasingly important for Tesla, especially since launching the Model Y produced at Gigafactory Shanghai.