Elon Musk met with Indian Prime Minister Narendra Modi on June 21, 2023, and said that Tesla is looking to invest in India. Musk said that he is “excited” about the potential of the Indian market and that Tesla is “exploring the possibilities” of manufacturing cars in India.
Meeting
The meeting between Musk and Modi came after months of speculation about Tesla’s plans for India. In 2022, Tesla said it was “not yet ready” to enter the Indian market, citing high import duties and other challenges. However, in recent months, Tesla has been more open to investing in India.
The meeting between Musk and Modi was seen as a positive sign for Tesla’s future in India. Modi is a strong supporter of electric vehicles and has made it a priority to promote their adoption in India. He has also taken steps to reduce import duties on electric vehicles, which could make it more attractive for Tesla to manufacture cars in India.
It is still too early to say whether Tesla will invest in India. However, the meeting between Musk and Modi is a positive sign and suggests that Tesla is taking the Indian market seriously. If Tesla decides to invest in India, it will significantly boost the country’s electric vehicle industry.
Here are some additional details about the meeting between Musk and Modi:
- The two men discussed a range of topics, including Tesla’s plans for India, the global electric vehicle market, and the future of transportation.
- Musk said that he is “excited” about the potential of the Indian market and that Tesla is “exploring the possibilities” of manufacturing cars in India.
- He also took steps to reduce import duties on electric vehicles, which could make it more attractive for Tesla to manufacture cars in India.
Here are some of the benefits of Tesla investing in India:
- Create jobs and boost the economy.
- Help to reduce pollution and improve air quality.
- It would make electric vehicles more accessible to Indians.
- It would help position India as a global electric vehicle market leader.
