Amidst India’s push to attract electric vehicle (EV) manufacturers like Tesla, Union Minister for Commerce & Industry, Piyush Goyal, announced that India is on track to become a significant market and producer of electric vehicles. During his recent visit to San Francisco, Goyal visited the Tesla facility to engage with the talented Indian professionals contributing to Tesla’s success and witness the electric vehicle factory firsthand.
Goyal expressed pride in India’s growing contribution to the making of electric vehicles, highlighting the increase in exports to Tesla. “Last year, India exported about a billion dollars worth of goods. This year, it’ll almost double to $1.9 billion of exports from India to Tesla,” Goyal mentioned. He also commended the efforts of Indian automobile manufacturers Tata Motors and Mahindra & Mahindra in promoting and manufacturing electric vehicles within India, thereby further bolstering the country’s electric auto ecosystem.
The minister believes that India has the potential to become a major player in electric vehicles, both as a market and a producer. “As more and more companies from around the world come into India, as our two companies, Tata and Mahindra, who are doing a fabulous job on promoting and manufacturing electric vehicles in India, expand their operations, I think in every respect, India is poised to become a big market and a big producer of electric vehicles,” Goyal stated.
However, Goyal clarified that decisions regarding Tesla’s entry into India and their involvement in the private sector engagement of India’s space sector are yet to be finalized. These matters remain under the purview of officials to address.
Q: What did Piyush Goyal announce during his visit to San Francisco?
A: Piyush Goyal announced that India is set to become a significant market and producer of electric vehicles.
Q: Which automobile manufacturers did Piyush Goyal commend?
A: Piyush Goyal praised Tata Motors and Mahindra & Mahindra for their contributions to promoting and manufacturing electric vehicles in India.
Q: Are decisions regarding Tesla’s entry into India finalized?
A: No, decisions regarding Tesla’s entry into India are yet to be determined by the officials.