Tesla Signs Semicon Deal with Tata electronics For Global Operations

Tesla, a US-based electric vehicle maker, has inked a strategic agreement with Tata Electronics for the procurement process related to semiconductor chips for its operations across the globe. This move could be a piece of Tesla's more extensive strategy to differentiate its supply chain and launch a bigger presence in India. According to a report, Tata Electronics, which drives the  Tata group's gathering's entrance into semiconductor production, has expanded its labor force by enrolling high-level chiefs.     

Elon Musk is supposed to visit India soon. He is likely to meet with Prime Minister Narendra Modi and discuss future ventures, including plans for EV manufacturing offices in India. The rich personality is additionally expected to make major declarations during his visit. Tesla is supposed to invest $2-3 billion in setting up assembling activities for electric vehicles in India.

Late changes in import obligation guidelines could work with Tesla's underlying spotlight on bringing in premium electric models while arranging local production. Late strategy changes in India presently permit automakers to import EVs estimated at $35,000 or higher at a decreased import obligation of 15%, given they focus on money management of $500 million in no less than three years to lay out assembling plants in the nation.

After the pandemic, the automotive firm has been looking to widen its part-obtaining choices past China, focusing on crucial parts, for example, electric engines and battery packs.