New Delhi : Elon Musk, the CEO of Tesla, hinted at an upcoming visit to India through a post on his social media platform, X. While details of the visit remain undisclosed, Musk expressed eagerness to meet Prime Minister Narendra Modi during his time in the country. Reports suggest that Musk’s visit, scheduled for later this month as per Reuters, may include an announcement regarding investments and the establishment of a new factory in India. Musk’s interest in India’s market was previously highlighted during his meeting with PM Modi in the US last year, where he expressed confidence in Tesla’s potential presence in the country.
This planned visit coincides with India’s recent announcement of an electric vehicle policy aimed at incentivizing global manufacturers. Under this policy, companies establishing manufacturing facilities for passenger electric cars will benefit from reduced import duties and tax exemptions. The anticipation surrounding Musk’s visit follows reports that Tesla officials are expected to conduct site assessments in April for a potential manufacturing plant, with estimated investments reaching $2 billion. This move aligns with India’s efforts to attract foreign investments and promote domestic manufacturing in the electric vehicle sector.
