Tesla Chief Elon Musk is expected to visit India in the week of April 22 to meet Prime Minister Narendra Modi and will announce the electric vehicle maker’s investment plans for opening a new factory in India according to a Reuters report.
The report further states that the Tesla CEO will be accompanied by other executives during his visit, but Musk’s final India trip agenda could still change.
It was in June 2023, that Musk had last met Modi in New York. The EV maker for months has lobbied India to lower import taxes on electric vehicles while it weighed up a factory there.
India last month unveiled a new EV policy lowering import taxes to 15% from 100% on some models if a manufacturer invests at least $500 million and sets up a factory too.
Interestingly, Tesla is looking at the state of Maharashtra, Gujarat & Tamil Nadu for potential $2-3 billion investment towards setting up manufacturing in India.
The company has also started producing RHD (right hand drive) vehicles at its Germany plant, which are expected to be exported to India.
