Elon Musk Coming To India - Laxman Baral Blog
Elon Musk Coming To IndiaElon Musk Coming To India

Elon Musk Coming To India Tesla and SpaceX owner Elon Musk is going to come to India. News agency Reuters spoke to a person close to Musk and said that he is going to visit India. According to Reuters, Musk will meet Indian Prime Minister Narendra Modi on April 22. After that, he will announce the establishment of a Tesla plant in India and other types of investments and plans.

Reuters has said that the name of the source who gave this information is confidential due to sensitivity. Billionaire entrepreneur Musk will come to India on the eve of the Lok Sabha elections to be held in India for almost two months.

The last time they met was in June during Modi’s visit to New York. At that time, various media reported that Musk requested Modi to reduce the import tax on electric vehicles in India.

India’s recently introduced EV policy brought a policy to reduce the import of electric vehicles from 100 percent to 15 percent. However, for that, the company had to set up a factory in India by investing at least 500 million dollars.

Musk had recently posted on X that there should be electric cars in India like in other countries. It is said that Musk is going to set up a Tesla plant in India especially due to the fierce competition in the Chinese market and the political dispute with the US.

In terms of electric vehicles, Tata Motors dominates the Indian market. Only two percent of the total number of vehicles sold in India in 2023 were electric vehicles. The government has set a target of increasing the sales of electric vehicles to 30 percent in 2023.

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