Tesla plans to nearly double India component sourcing to $1.9b

Tesla plans to nearly double India component sourcing to $1.9b

FILE PHOTO: FILE PHOTO: A Tesla logo on a Model S is photographed inside of a Tesla dealership in New York, U.S., April 29, 2016. REUTERS/Lucas Jackson/File Photo

Tesla Inc plans to source components worth $1.7-$1.9 billion from India this year, the commerce minister said on Wednesday, amid plans by the electric vehicle maker to set up a factory in the country.

Edited by: Joymitra Rai