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Elon Musk To Meet PM Modi In April, Disclose Investment Plans

Inc42 · 1y ago

Elon Musk To Meet PM Modi In April, Disclose Investment Plans

Tesla CEO Elon Musk is expected to visit India later this month and meet with Prime Minister Narendra Modi. During the meeting, Musk may announce plans to invest in and establish a new manufacturing facility in the country. Talks are also underway between Tesla and Reliance Industries for a potential joint venture. India has recently reduced import taxes on electric vehicles in an effort to encourage investment and domestic manufacturing. Tesla is looking to enter the Indian market, as demand for EVs in its primary markets of the US and China has been declining.

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Tesla CEO Elon Musk to visit India, meet PM Modi and announce investment plans: Report

Thehindubusinessline

Thehindubusinessline · 1y ago

Tesla CEO Elon Musk to visit India, meet PM Modi and announce investment plans: Report

Elon Musk, the CEO of Tesla, plans to visit India in April to meet with Prime Minister Narendra Modi. During the visit, Musk is expected to make an announcement regarding Tesla's investment plans and the opening of a new factory in India. Tesla has been lobbying for lower import taxes on electric vehicles in India and has been in talks to set up a manufacturing plant in the country. India recently unveiled a new EV policy that lowers import taxes for manufacturers who invest at least $500 million and set up a factory.

'Looking forward to meeting with PM Modi': Elon Musk confirms India visit

Economic Times

Economic Times · 1y ago

'Looking forward to meeting with PM Modi': Elon Musk confirms India visit

Elon Musk has confirmed his visit to India and expressed his excitement to meet with Indian Prime Minister Narendra Modi. Tesla's investment plans in India are likely to be announced during Musk's visit, scheduled for the week of April 22. The Indian government's recently announced electric vehicle policy, which offers import duty concessions to companies investing at least $500 million in the country, aims to attract major players like Tesla. Musk previously expressed interest in entering the Indian market and had requested duty cuts to import Tesla vehicles.

Elon Musk coming to India this month, may announce Tesla's India plan during meeting with PM Modi

Economic Times

Economic Times · 1y ago

Elon Musk coming to India this month, may announce Tesla's India plan during meeting with PM Modi

Tesla CEO Elon Musk is scheduled to visit India later this month to meet with Prime Minister Narendra Modi. During the visit, Musk is expected to announce his plans to invest in and open a new factory in the country. Sources reveal that the meeting is planned for the week of April 22 in New Delhi. Tesla officials are also expected to explore potential sites for a manufacturing plant that would require an investment of approximately $2 billion. Neither Modi's office nor Tesla have commented on the matter.

PM Modi likely to meet Elon Musk during US visit: Report

Economic Times

Economic Times · 6m ago

PM Modi likely to meet Elon Musk during US visit: Report

Tesla CEO Elon Musk is expected to meet Indian Prime Minister Narendra Modi during Modi's visit to the United States next week. Modi's visit, scheduled from February 12 to 14, includes meetings with select chief executives, likely including Musk on February 13. While Musk has shown interest in Tesla entering the Indian market, there is no official confirmation of the meeting yet. Musk might also discuss Starlink approvals and collaboration with the Indian Space Research Organisation.

Now, Rajasthan Joins The Race To Attract Tesla India Plant

Inc42 · 1y ago

Now, Rajasthan Joins The Race To Attract Tesla India Plant

Tesla executives have reportedly met with the government of Rajasthan, India, as they search for a suitable location to set up manufacturing facilities in the country. Other states, including Gujarat, Tamil Nadu, and Maharashtra, are also in the running. Tesla CEO Elon Musk is visiting India on 21-22 April, where he is expected to meet with Prime Minister Narendra Modi and make major announcements regarding Tesla and Starlink. Additionally, Musk will meet with spacetech startups during his visit. India recently introduced a policy to incentivize EV manufacturers to establish manufacturing plants in the country.

PM Modi meets Elon Musk during US visit

Economic Times

Economic Times · 6m ago

PM Modi meets Elon Musk during US visit

During his U.S. visit, Prime Minister Narendra Modi met with Elon Musk to discuss space, mobility, technology, and innovation. They also talked about India's reform efforts aimed at 'Minimum Government, Maximum Governance.' Modi met Musk's family as well. Musk, a key ally of President Donald Trump, did not respond to reporters after the meeting. Modi also discussed enhancing intelligence cooperation with Tulsi Gabbard, focusing on counter-terrorism, cybersecurity, and strategic intelligence sharing.

Elon Musk may announce Tesla's entry in India after meet with PM Modi: Report

Livemint

Livemint · 1y ago

Elon Musk may announce Tesla's entry in India after meet with PM Modi: Report

According to a senior government official, entrepreneur Elon Musk is expected to announce Tesla's entry into the Indian market following a meeting with Prime Minister Narendra Modi on April 22. While the announcement won't be site-specific, it will signal Tesla's intention to enter the market. Musk confirmed his visit to India earlier this month and a press release and video are expected to be released after his interaction with the prime minister. Tesla has been lobbying the Indian government to lower import taxes on electric vehicles as it explores the possibility of setting up a factory in the country.

PM Modi Meets Foxconn Chief, Discuss India Investment Plans

Inc42 · 1y ago

PM Modi Meets Foxconn Chief, Discuss India Investment Plans

PM Narendra Modi and Foxconn chairman Young Liu discussed the company's investment plans in states like Karnataka, Tamil Nadu, and Andhra Pradesh. Liu also met with senior Mizoram official Jonathan Lalremruata to explore potential investments in the state. Furthermore, Liu is scheduled to meet with Karnataka CM Siddaramaiah and state industries minister MB Patil on August 16.

Elon Musk congratulates PM Modi on being most followed world leader on X

Economic Times

Economic Times · 1y ago

Elon Musk congratulates PM Modi on being most followed world leader on X

Tesla CEO Elon Musk congratulated Prime Minister Narendra Modi on becoming the most followed world leader on social media platform X, with 100.1 million followers. Modi himself expressed his gratitude and noted the importance of engaging with the vibrant platform. Musk's X Corp. (previously Twitter) owns the social media platform. Modi also holds a significant presence on YouTube and Instagram, with approximately 25 million subscribers and 91 million followers, respectively. Other influential world leaders on X include US President Joe Biden and Turkiye's Recep Tayyip Erdogan.

PM Modi hails Elon Musk's DOGE Mission on Lex Fridman podcast, recalls decade-long bond with Tesla chief

Economic Times

Economic Times · 5m ago

PM Modi hails Elon Musk's DOGE Mission on Lex Fridman podcast, recalls decade-long bond with Tesla chief

Prime Minister Narendra Modi discussed India's global technological role on Lex Fridman's podcast, highlighting a decade-long connection with Elon Musk. He praised Musk's DOGE Mission, emphasizing innovation and government efficiency. Modi reiterated India's AI ambitions, stressing collaboration and practical applications. His interactions with U.S. administration members, including Tulsi Gabbard and Vivek Ramaswamy, were described as familial. The discussion showcased Modi's commitment to fostering India’s AI presence and strengthening international relationships in technology.

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