Tata Electronics and Tesla Forge Semiconductor Deal

Tesla has reportedly struck a strategic deal with Tata Electronics to procure semiconductor chips for its global operations, indicating its interest in India beyond local revenue generation. The agreement positions Tata Electronics as a reliable supplier for global clients looking to establish a crucial segment of their semiconductor value chain in India. Elon Musk is expected to meet with Prime Minister Narendra Modi during his visit to India this month and announce potential investments, including plans for EV manufacturing facilities. Tesla is anticipated to invest $2-3 billion in India to manufacture electric cars, with a focus on premium electric models initially. Tata Electronics has bolstered its workforce and made substantial investments in indigenous technology development to create a well-integrated supply chain in India.