🤝Elon Musk will visit India this month to meet PM Narendra Modi

Tesla CEO Elon Musk is set to meet Indian Prime Minister Narendra Modi later this month. This meeting is expected to be significant, bringing together one of the world’s most influential businessmen and one of the world’s most powerful political leaders.

Modi and Musk’s Previous Meetings:

1. June 2023: Modi and Musk last met in New York.

2. April 2024: They are scheduled to meet again in New Delhi during the week of April 22.

The upcoming meeting is anticipated to focus on Tesla's investments and plans for India. Musk's visit coincides with recent changes to India's EV policy, with reduced import duties on EVs contingent on commitments to local manufacturing. Tesla aims to invest $3 billion for a manufacturing base in India and is exploring collaborations, including talks with Reliance.

Future Competition for Indian EV Companies: During his visit, Musk is likely to announce details about Tesla’s plans for India, including the establishment of a new factory. India’s recent announcement of an EV policy, which offers concessions on import duties to companies investing at least $500 million in local manufacturing units, positions the country as an attractive destination for electric vehicle manufacturing. Musk’s visit signals a potential milestone in Tesla’s entry into India’s rapidly growing EV market.

Read here ➡️ : What are the key points of India's new EV policy?

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