India News
Elon Musk To Visit India To Meet Prime Minister Narendra Modi
Elon Musk has revealed plans to visit India, where he will meet Prime Minister Narendra Modi.
While the exact date remains unspecified, this visit would be significant, with Musk expected to announce considerable investment plans in India.
In an X post, Mr Musk wrote, " I'm Looking forward to meeting with Prime Minister Narendra Modi in India!"
India recently announced reduced import taxes on electric vehicles (EVs) to attract global car manufacturers.
It’s conditional upon a $500 million investment and the initiation of local production within a three-year timeframe.
Policy change could lead to Tesla coming to India
This policy change appears to pave the way for Tesla, led by Musk.
Musk previously cited high import duties as a barrier to introducing Tesla vehicles in India, one of the fastest-growing major economies.
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