Details not disclosedAccording to information received from sources close to the development of events, Tesla has signed a strategic agreement with Tata Electronics to supply semiconductor chips for its global operations. This agreement establishes Tata Electronics as a trusted supplier to global customers looking to build a key segment of their semiconductor value chain in India. Discuss
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The agreement was concluded several months ago, but the cost of the deal and other details have not yet been disclosed.
Ashok Chandak, president of the Indian Electronics and Semiconductor Association (IESA), noted that the decision Tesla's creation of an ecosystem of local suppliers of electronics and subsystems shows that the company is not dependent on just one market. He emphasized the importance of local sourcing of semiconductors.
Experts expect Tesla to invest at least $2-3 billion in India to produce electric vehicles, which have a small but growing share in the local personal mobility market. Tesla is likely to first focus on premium electric vehicles with advanced features for the Indian market.