11 April 2024 – According to two people with firsthand information, Tesla CEO Elon Musk is scheduled to meet with Prime Minister Narendra Modi in India this month. It is anticipated that intentions will be declared to invest in and establish a new plant there.
The two sources, who wished to remain anonymous due to the confidentiality of the trip specifics, said that the billionaire would see Modi in New Delhi during the week of April 22 and will unveil his intentions for India separately.
According to the initial source, the Tesla CEO will be visiting with other executives. When Musk and Modi last met in June in New York, Tesla was considering building a plant in India and spent months lobbying that country to reduce import levies on electric cars. India revealed a new EV policy last month that lowers import duties on select models from 100% to 15%, provided a company spends at least $500 million and establishes a facility.
Conclusion
This week, Musk said on X that “India ought to have electric vehicles, just as every other nation does.” Introducing Tesla electric automobiles in India is a logical next step. India has a tiny but developing EV industry, which domestic automaker Tata Motors controls.
