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Recently In an interview, Prime Minister Narendra Modi highlighted the significance of maintaining Indian identity in global investments, echoing his stance ahead of Elon Musk’s anticipated visit to India later this month. Speaking to ANI, PM Modi reiterated the importance of products being manufactured by Indians, ensuring employment opportunities for the nation’s youth.

During the interview, PM Modi addressed the buzz surrounding Elon Musk’s admiration for India, emphasizing that the tech billionaire’s support extends beyond individuals to the nation as a whole. Reflecting on his past interactions with Musk, PM Modi recalled their meeting at the Tesla factory in 2015 and subsequent discussions during his visit to the US in 2023.

Elon Musk’s impending visit to India has sparked widespread anticipation, with expectations of major investment announcements, particularly in the electric vehicle (EV) sector. In a recent statement, Musk expressed Tesla’s interest in providing electric vehicles in India, aligning with the country’s commitment to advancing its EV domain.

PM Modi underscored India’s rapid progress in the EV sector, citing a significant surge in sales from 2,000 units in 2014-15 to 12 lakh units in 2023-24. He attributed this growth to various factors, including government incentives, infrastructure development, and increasing consumer interest.

Highlighting India’s attractiveness for global investments, PM Modi cited examples of leading companies like Google, Apple, and Samsung making significant strides in the country. He emphasized India’s eagerness for technology transfer and reiterated his government’s commitment to the ‘Make in India’ initiative.

The accelerated pace of Elon Musk’s visit to India follows the unveiling of the country’s new EV policy, which offers incentives for setting up manufacturing units. The policy mandates significant levels of domestic value addition and imposes customs duties on imported vehicles, incentivizing local manufacturing.

Reports suggest that Tesla is actively exploring options for setting up a manufacturing plant in India, with offers from states like Maharashtra and Gujarat for land acquisition. The prospect of Tesla’s presence in the Indian market signals a significant development in the nation’s electric mobility landscape.

As India gears up to welcome Elon Musk and potential investments, PM Modi’s emphasis on preserving Indian identity amidst global ventures underscores the country’s commitment to economic growth and self-reliance.

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Beijing, China: Xiaomi, the renowned Chinese electronics manufacturer, is gearing up to disrupt the automotive industry with the imminent launch of its highly anticipated electric vehicle, the SU7. Promising to deliver unparalleled performance, cutting-edge technology, and competitive pricing, Xiaomi aims to establish itself as a formidable player in the global automotive market.

Competitive Pricing and Advanced Features

The SU7, unveiled by Xiaomi in December, is poised to offer consumers a compelling alternative to established electric car brands. With a commitment to affordability, Xiaomi’s CEO revealed that the SU7 will be priced below 500,000 yuan (approximately $70,000), marking a significant milestone for the company. The official price range will be announced on Thursday evening, coinciding with the commencement of orders for the vehicle.

Superior Technology and Performance

Touted as “faster than a Tesla,” the SU7 boasts advanced technology capable of rivaling renowned electric vehicle manufacturers. With two versions offering impressive driving ranges of up to 668km (415 miles) and 800km on a single charge, respectively, Xiaomi’s electric car surpasses the capabilities of Tesla’s Model S, which offers a maximum range of up to 650km.

Strategic Investment and Production Partnership

Xiaomi’s foray into the electric vehicle market is backed by a strategic investment pledge of $10 billion over a decade. As one of the few new entrants in China’s burgeoning EV market, Xiaomi has gained approval from authorities and secured a production partnership with a unit of the state-owned automaker BAIC Group. The manufacturing facility in Beijing boasts an annual capacity of 200,000 vehicles, ensuring efficient production of the SU7 to meet growing demand.

Anticipation and Reception

Since its unveiling, the SU7 has garnered significant attention from prospective customers and automotive enthusiasts alike. Displayed in Xiaomi stores across China, the “ocean blue” version of the vehicle has captivated audiences, generating excitement for its imminent release. Additionally, Xiaomi has introduced its “Xiaomi Car” app to Chinese app stores, enhancing the vehicle’s connectivity and user experience.

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