Business
Piyush Goyal visits Tesla factory, unwell Musk apologies for unable to meet him

New Delhi, Nov 14
Union Commerce Minister Piyush Goyal on Tuesday said that he visited Tesla’s state-of-the-art manufacturing facility in Fremont, California, at a time when the centre is reportedly considering a request from Elon Musk-run electric car company to lower tariffs for imported electric vehicles (EVs).
Goyal posted on X that it was "extremely delighted to see talented Indian engineers and finance professionals working at senior positions and contributing to Tesla’s remarkable journey to transform mobilityâ€.
“Also proud to see the growing importance of Auto component suppliers from India in the Tesla EV supply chain. It is on its way to double its components imports from India. Missed Elon Musk’s magnetic presence and I wish him a speedy recovery,†the Union Minister added.
The Tesla owner however, apologised to Goyal for not being able to meet him as he was keeping unwell.
“It was an honour to have you visit Tesla! My apologies for not being able to travel to California today, but I look forward to meeting at a future date,†Musk replied.
Goyal and Musk were scheduled to meet during the Minister’s US visit, months after the SpaceX and X owner met Prime Minister Narendra Modi in the US, and revealed he was keen to make significant investments in India.
According to a latest Financial Times report, citing sources, the automaker has asked the Indian government for an initial tariff concession that would offset India's steep customs duties of 70 per cent for cars under $40,000 and 100 per cent for cars above $40,000.
"Their view has always been that they need some tariff concessions at least in the interim period. It would have some kind of sunset clause," one of the officials was quoted as saying in the report.
Tesla had asked for the concession as a condition for constructing a plant in the country.
The reduced tariffs would apply to all EV manufacturers.
The officials stated that the reduced rate under consideration would be 15 per cent for EVs of all prices, but that the policy had not yet been agreed upon within the government, the report mentioned.
In September, reports surfaced that Tesla is planning to build a factory for battery storage in India and has submitted a proposal for the same to the government.
The electric car-maker proposed supporting the country's battery storage capabilities with its 'Powerwall' during recent meetings.
Musk is also aiming to build a Tesla supply system in India.

2 hours ago
On UK trip, US President Trump highlights his ‘very good relationship’ with PM Modi

2 hours ago
Indian envoy to US meets senior Pentagon official, holds 'valuable discussion'

3 hours ago
Newark Airport ranks last once again; even the new Terminal A couldn’t save it.

5 hours ago
Trade deal with US to bolster India’s regional role: Report

7 hours ago
Trump administration unveils 'patriotic education' initiative as new priority for federal education grants

9 hours ago
Tucson City Council in Arizona to open with ancient Hindu prayers

9 hours ago
Did Deepika Padukone exit 'Kalki 2898 AD' due to commitment issues?

9 hours ago
Tannishtha Chatterjee wishes ‘incredible woman’ Shabana Azmi on 75th b’day

9 hours ago
Ananya Panday flaunts bronzed glow post her Maldivian holiday

9 hours ago
Divya Dutta to Shabana Azmi: You are supremely precious in my life

9 hours ago
Kerala a bridge between India and Europe: CM Vijayan on blue economy conclave

9 hours ago
Bengal student murder: Protest erupts at Birbhum school, headmaster thrashed

9 hours ago
India-US tariff stalemate likely to be resolved in 8-10 weeks: Chief Economic Advisor