U.S. automaker Tesla is interested in entering India, Commerce Minister Piyush Goyal said on Wednesday, adding that the company plans to buy 19 copies worth $100 million of auto parts from India this year.

Goyal claimed at an automotive conference that Tesla bought $10 $100 million worth of parts from India. "It is expected that by 2030, we will have an economic structure that forces consumers to buy electric cars."

In 2021, Tesla attempted to enter India for the first time this year, urging officials to reduce import taxes on electric cars by 100 percent. Negotiations between Tesla and the Indian government broke down last year, with officials saying the company should focus on local manufacturing first.

Tesla recently told Indian officials that it wants to set up a local factory to build and export a new electric car for the Indian market for about $24,000, which is about 25 percent cheaper than the current entry-level model.

Rohan Patel, Tesla's chief public policy and business development director (Rohan Patel) In recent weeks, I've met privately with senior officials. According to Reuters, India's Prime Minister Narendra Modi (Narendra Modi) held a meeting on 6 Elon Musk, CEO (Elon Musk) and closely tracked progress.

In addition to the United States, Tesla now has the world's largest factory outside of Shanghai and Berlin. Musk is building a new factory in Mexico focused on developing new mass-market electric car platforms that will save consumers money.

Musk said during a meeting with Modi during his visit to the U.S. that Tesla could make a major investment in India to boost the world's most populous country.

"I believe Tesla will come to India and we will do so as soon as possible," Musk told reporters after the meeting. It will be a major investment in building our relationship with India."

After a year of stalemate, Tesla and India are locked in a five-game impasse Monthly discussions resume. Tesla executives recently visited India to discuss domestic parts sourcing and incentives with government officials, but ultimately did not make a proposal to build a factory.