According to foreign media reports, Tesla CEO Musk plans to visit India from April 22 to 28 to meet with Indian Prime Minister Narendra Modi.
According to people familiar with the matter, Musk may announce Tesla’s plan to invest and build a factory in India.
, the source said, Musk will meet alone with Indian Prime Minister Narendra Modi in India on April 22 and announce his car-building plans in India.
Musk will visit India accompanied by other executives.
, 
,” Musk later said on social media, “looking forward to meeting Indian Prime Minister Narendra Modi.
” Also confirmed the news.
Musk also said, “India should have electric cars like other countries, and it is natural to provide Tesla electric cars in India.
” Tesla moved into India mainly because demand for electric cars in the United States and China is slowing, while competition in China’s electric car market is intensifying, analysts said.
Tesla’s delivery volume declined in the first quarter and was lower than expected.
, India last month announced a new electric vehicle policy that reduces import duties on certain models from 100 per cent to 15 per cent if at least $500m is invested in factories.
Electric cars account for only 2 per cent of India’s total car sales in 2023, but the government aims to reach 30 per cent by 2030.
(source: Reuters.
Compiler / Auto House Qin Chao), return to the first electric network home page >.
