Auto component makers ‘invite’ Tesla to make parts locally

India’s $46-billion auto component industry has ‘invited’ Tesla to make parts locally in response to the American carmaker’s request for tax concessions on fully imported electric vehicles ahead of their local launch.

Deepak Jain, president of the Automotive Component Manufacturers Association (ACMA), said with the government committing itself to a phased manufacturing plan (PMP) and the FAME II (Faster Adoption and Manufacturing of Electric Vehicles) Policy, the industry would always welcome any foreign or domestic entity in any segment as long as it promotes good value addition and localisation.

“The government is expected, as per what it has already announced

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