No role for India yet in Tesla’s new global supply chain hedge4 min read 12 May 2022, 10:47 PM IST
Raw material security has drawn Musk’s EV-maker to Indonesia
From India to Indonesia, Elon Musk is scouting for sites to make more Teslas. With the world mired in supply chain chaos, access to materials matters most. He’s got it right. After lobbying against India’s tight manufacturing policies and prohibitive import duties, Musk is headed to meet Indonesia’s President Joko Widodo and visit parts of the country, which is also the top producer of nickel, a key metal for batteries. That’s an astute bet—for Tesla and Indonesia. And a missed opportunity for New Delhi. To meet ambitious electric vehicle (EV) targets, Indonesia has drawn in several battery and car makers in recent months with a variety of incentives.
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