U.S. automaker Tesla is interested in entering India, Commerce Minister Piyush Goyal said on Wednesday, adding that the company plans to buy 19 copies worth $100 million of auto parts from India this year.Goyal claimed at an automotive conference that Tesla bought $10 $100 million worth of parts from India. "It is expected that by 2030, we will have an economic structure that forces consumers to buy electric cars."In 2021, Tesla attempted to enter India for the first time this year, urging officials to reduce import taxes on electric cars by 100 percent. Negotiations between Tesla and the Indian government broke down last year, with officials saying the company should focus on local manufacturing first.Tesla recently told Indian officials that it wants to set up a local factory to build and export a new electric car for the Indian market for about $24,000, which is about 25 percent cheaper than the current entry-level model.Rohan Patel, Tesla's chief public policy and bus...

including Shriram Pistons Rings Several other companies have also been put on hold. NEW DELHI: The recession has forced India’s auto component industry to attract at least Rs 200 crore (about Rs 14.33 lakh crore). Auto Component Manufacturers Association. Investments in capacity expansion have been put on hold, but the industry is still investing in some innovations, Jain said. He said the industry has invested around Rs 90,000-110,000 crore to transition to the stricter-VI emission standards in 2020 which came into effect on April 1 BS, of which the auto component industry has invested around Rs 30,000 crore. “If we talk about $57 billion worth auto component industry, the general investment ratio is close to $17 billion:3 or 1:Jain said in an exclusive interview that this could generate additional revenue considering the growth rate of about 14% last year. “Jain said. The Economic Times says, “$2 billion in investments may be put on hold this year.” ...