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No local sourcing for selling Tesla cars: India to Elon Musk

Musk said Tesla would not be compliant with the country's 30% local sourcing of components

Alnoor Peermohamed  |  Bengaluru 

India has reached out to Elon Musk, the founder of electric carmaker Tesla, clarifying that the country's foreign direct investment (FDI) policy does not mandate manufacturers to comply with any minimum local component sourcing norm. The country's outreach came from the @makeinindia handle, in response to Elon Musk's tweet on Monday saying that a supply chain for components in India did not exist yet, because of which Tesla would not be compliant with the country's 30 per cent local sourcing of components. Indian media outlets, including Business Standard, had picked ...

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First Published: Wed, May 24 2017. 01:49 IST
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