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Billionaire Elon Musk has confirmed that he will be visiting India and meeting Prime Minister Narendra Modi amid buzz that EV maker Tesla is finally scouting for land to set up a factory in the country.
Elon Musk on the X platform wrote, “Looking forward to meeting with Prime Minister Narendra Modi in India!”
According to the Reuters news agency, Elon Musk will be meeting PM Modi in the week of April 22 in New Delhi.
Musk and PM Modi last met in New York in June and Tesla has continued for months lobbying India to lower import taxes on electric vehicles while it weighed up a factory in the country.
Tesla chief Elon Musk to meet PM Modi during India visit from April 22, announce investment plans
As per the Hindu Businessline report, Tesla has been scouting for a local partner to establish an EV unit in India. Citing sources, the English daily said, Tesla is in talks with Mukesh Ambani’s Reliance Industries (RIL) to form a joint venture to set up a EV facility in the country.
Besides, Financial Times earlier this month reported that Elon Musk had sent a team to India in April to scout for sites for a proposed $2 billion to $3 billion electric car plant.
Elon Musk’s Tesla in talks with Reliance to set up Indian operations
As per Reuters, Tesla recently began production of right-hand drive cars at its factory in Germany for export to India later this year.
Recently Musk also wrote on X, “India should have electric cars like every other country has electric cars. It’s a natural progression to provide Tesla electric vehicles in India”.
Musk will be visiting India after India has lowered import taxes to 15% from 100% on some models if a manufacturer invests at least $500 million and sets up a factory too.
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Published: 11 Apr 2024, 06:42 AM IST
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