December 24, 2024 05:30 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
India refrains from commenting on extradition request for ousted Bengladeshi PM Sheikh Hasina | I don't blame Allu Arjun, ready to withdraw case: Pushpa 2 stampede victim's husband | Indian New Wave Cinema Architect Shyam Benegal dies at age 90 | Cylinder blast at a temple in Karnataka's Hubbali injures nine people | Kuwait PM personally sees off Modi at airport as Indian premier concludes two-day trip | Three pro-Khalistani terrorists, who attacked a police outpost in Gurdaspur, killed in an encounter | Who is Sriram Krishnan, an Indian-American picked by Donald Trump as US AI policy advisor? | Mohali building collapse: Death toll rises to 2, many feared trapped for 17 hours | 4-year-old killed after speeding car driven by a teen hits him in Mumbai | PM Modi attends opening ceremony of Arabian Gulf Cup in Kuwait
Modi | Musk
In image PM Modi meeting Elon Musk in New York/ courtesy: PIB

'Looking forward to meeting PM Modi': Elon Musk confirms his visit to India

| @indiablooms | Apr 11, 2024, at 05:36 am

Tesla chief Elon Musk Wednesday confirmed his visit to India and said he is looking forward to meeting Prime Minister Narendra Modi.

"Looking forward to meeting with Prime Minister @NarendraModi  in India!" Musk posted on the microblogging platform, which is also owned by him.

The Tesla CEO, however, did reveal details of the visit.

Reuters reported citing sources that Musk will meet Modi in New Delhi in the week starting on April 22 and separately announce his plans in India.

The Tesla chief will be accompanied by other high-level executives of the company, it said.

However, Musk’s final India trip agenda could change, according to the report.

Musk and Modi previously met in New York in June. Over the following months, Tesla actively tried to pursue India for India to reduce import duties on electric vehicles as the country contemplated establishing a factory.

India recently introduced a revised EV policy, slashing import tariffs from 100% to 15% for certain models, provided the manufacturer commits to investing a minimum of $500 million and sets up a manufacturing facility.

Reuters has earlier reported that Tesla representatives are expected to visit India this month to assess potential locations for a manufacturing facility, which would necessitate an investment of roughly $2 billion.

The report said that sources have revealed that Tesla has started the production of right-hand drive vehicles at its German plant with plans to export them to India later this year.

Musk remarked this week on X that "India should have electric cars like every other country has electric cars. It's a natural progression to provide Tesla electric vehicles in India".

Tesla's entry into the Indian market coincides with a slowdown in electric vehicle demand in its primary markets, namely the United States and China.

India's electric vehicle (EV) market is small but steadily growing. Indian auto major Tata Motors dominates the market at present.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.