Elon Musk, CEO of American electric car manufacturing company Tesla, is coming to India this month. During his visit to India, he will meet Prime Minister Narendra Modi. Sources say that during this time Musk may also announce Tesla’s investment plans in India. Musk’s Tesla executives may also come.
Image source – Hyderabad news
Elon Musk is visiting India
CEO of the world’s largest EV company, Elon Musk is visiting India. This tour can happen any time in the third week of the month i.e. after Ram Navami. If experts are to be believed, on this visit Elon Musk can give an investment gift of Rs 25 thousand crores to the country. Elon Musk will establish Tesla’s manufacturing unit here. There is news that for this he can do joint venture with Reliance Industry.
On the other hand, production of right hand cars has also started in Tesla’s American unit. So that they can be brought to India and sold. Under its new EV policy, the government had reduced the import duty on Indian imported vehicles. Let us also tell you what kind of news has come out regarding Elon Musk’s visit to India.
When can Musk come?
Elon Musk, CEO of American electric car manufacturing company Tesla, is coming to India this month. During his visit to India, he will meet Prime Minister Narendra Modi. Sources say that during this time Musk may also announce Tesla’s investment plans in India. A source said that during the visit to be held in the third week of the month, other company officials may also come along with Musk. An email was sent to Tesla to confirm Musk’s visit, but no response has been received at this time.
Image source – Gadgets 360
Met PM Modi last year
In June last year, Musk had met Modi during his US visit. At that time Musk had said that he planned to visit India in 2024. He also expressed confidence that Tesla will soon enter the Indian market. A few weeks before his upcoming visit to India, the government has announced a new electric vehicle policy. Under this, import duty concessions will be given to companies setting up manufacturing units in the country with a minimum investment of $500 million. The aim of this move is to attract major global companies like Tesla.
How much can the investment be?
According to reports, Elon Musk can invest up to Rs 25 thousand crore i.e. 3 billion dollars in the country in the initial phase. This manufacturing unit will definitely meet the needs of India. It will also be able to meet foreign demand. Talks are being held with many states for its unit. On one hand, Mumbai and Gujarat governments have offered land. On the other hand, Tesla is also in talks with Telangana. Tesla has received offers from Karnataka and many other states to set up a manufacturing plant. If experts are to be believed, Tesla’s manufacturing plant can be set up in Gujarat.
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