News > Tesla wants lower taxes but India wants Tesla to buy $500 million of local auto parts
Tesla wants lower taxes but India wants Tesla to buy $500 million of local auto parts
The Outreach | 20/02/2022 09:40 PM | Click to read full article
The company chief Elon Musk has asked the government of India to reduce the taxes but contrary to his demand, the government has now asked the brand to commit to sourcing at least $500 million of auto components from the Indian domestic market.
As of now, there has been no response from Tesla but earlier in August of 2021, the company did claim that it has successfully sourced around $100 million worth of auto parts from India for its electric vehicles.