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Tesla plans to increase its sourcing of auto parts from India to $1.7-1.9 billion this year, nearly double the amount from the previous year, as it prepares to enter the Indian market. Minister for commerce & industry, Piyush Goyal, stated that Tesla s expansion into India aligns with the global shift toward electrification in the automotive industry.
On Monday, Tesla named Taneja, an alumnus of Delhi University, after Zachery Kirkhorn, who was famously described as Master of Coin by founder Elon Musk, stepped down following a 13-year stint at the company. The 45-year-old s appointment comes at a time when Tesla is reviving its plans to enter India, where Musk in June said the company was looking to invest "as soon as humanly possible".
Musk said Tesla will be in India “as soon as humanly possible”, changing stance from about a year ago when the carmaker had said that the levies imposed by India on automobiles are the highest among large countries and that it can only consider setting up a factory locally if it succeeds with imported models. "I am confident that Tesla will be in India, and will do so as soon as humanly possible," Musk was quoted saying after meeting with Prime Minister Narendra Modi in New York.
Manuj Khurana, policy and business development executive at Tesla in India, was hired in March 2021 and played a key role in forming a domestic market-entry plan for the U.S. carmaker in the country.