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Indian auto parts makers' shares gain on report of talks with Tesla

Shares of Indian auto parts suppliers rose as much as 14% following a report that Tesla was in talks with at least three companies to source critical parts for its planned entry into the country

Topics
Tesla | Electric Vehicles | Auto makers

Reuters  |  BENGALURU 

BENGALURU (Reuters) - Shares of Indian auto parts suppliers rose as much as 14% on Monday following a report electric-vehicle maker Tesla Inc was in talks with at least three companies to source critical parts for its planned entry into the country. Tesla, which is looking to set up a factory in India if it is successful with imported vehicles, is holding early talks with some companies for the supply of components such as instrument panels, windshields, differential gears, brakes and power seats, the Economic Times reported ...

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First Published: Mon, August 30 2021. 15:05 IST
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