NEW DELHI: Tesla’s visionary CEO and SpaceX founder, Elon Musk, is poised to meet with Prime Minister Narendra Modi during his highly anticipated visit to India later this month. The rendezvous between Musk and PM Modi, scheduled for the week of April 22 in New Delhi, is expected to herald significant announcements regarding Tesla’s investment plans and the establishment of a new factory in the country.
Amidst growing anticipation, Musk took to social media platform X to express his enthusiasm, stating, “Looking forward to meeting with Prime Minister @NarendraModi in India!”
The upcoming meeting underscores Musk’s keen interest in India’s burgeoning market and his vision to bolster Tesla’s presence in the region. According to sources, Musk’s visit holds strategic importance as Tesla aims to forge partnerships and navigate regulatory frameworks to expedite its entry into the Indian market. The billionaire entrepreneur is expected to be accompanied by senior executives as he engages in discussions with key stakeholders during his India sojourn.
ALSO READ: Mark Zuckerberg surpasses Elon Musk to claim third richest position
Tesla’s foray into India comes on the heels of the government’s concerted efforts to promote electric mobility and position the country as a global hub for sustainable transportation. In March, India unveiled a comprehensive Electric Vehicle (EV) policy aimed at attracting investments from leading EV manufacturers and fostering indigenous manufacturing capabilities.
In a recent discussion on X hosted by Nicolai Tangen, CEO of Norges Bank Investment Management, Musk said, “India is now the most populous country in the world. India should have electric cars just like every other country has electric cars. It’s a natural progression to provide Tesla electric vehicles in India.”
The prospect of Tesla setting up a manufacturing facility in India has generated widespread excitement, with state governments vying to attract the iconic automaker. Reports suggest that both Maharashtra and Gujarat have extended lucrative land offers to Tesla, underscoring India’s commitment to fostering an enabling environment for EV adoption and manufacturing.
ALSO READ: SHOCKER: X, formerly known as Twitter, to make DMs public?
Furthermore, Tesla’s potential collaboration with Reliance Industries Limited (RIL) to establish a joint venture underscores the convergence of interests between industry giants keen on harnessing India’s vast potential in the EV landscape.
Musk’s upcoming meeting with PM Modi holds immense significance for India’s economic trajectory and underscores the country’s emergence as a pivotal player in the global EV ecosystem. As India seeks to leverage its demographic dividend and technological prowess, collaborations with visionary leaders like Musk are poised to accelerate the nation’s transition towards sustainable mobility and green energy solutions.
With anticipation mounting ahead of Musk’s visit, stakeholders across sectors are eagerly awaiting the outcome of discussions between the Tesla chief and India’s leadership, poised to chart a new course towards a greener, more sustainable future.