His plans to go to the nation come amid Tesla’s plans to enter India
Tesla CEO and Twitter proprietor Elon Musk on Wednesday in a tweet stated that he ”appears ahead” to visiting India in 2024. Mr. Musk was replying to a tweet by DogeDesigner that learn, ”I am planning to go to India subsequent yr” together with a photoshopped picture of him in Indian apparel.
”I sit up for it”, he replied.
Notably, the billionaire introduced his resolution to go to India after he met Prime Minister Narendra Modi in New York in June this yr. Requested whether or not PM Modi prolonged an invite to him, the billionaire entrepreneur stated, ”He did. And sure, I am tentatively planning to go to India once more subsequent yr. I am trying ahead.”
I sit up for it!
— Elon Musk (@elonmusk) August 23, 2023
His plans to go to the nation comes amid Tesla’s plans to enter India and arrange store right here.
On being requested a few timeline for Tesla coming to India, Mr. Musk beforehand stated, “I’m assured that Tesla shall be in India and can accomplish that as quickly as humanly potential. I want to thank the prime minister for his help and hopefully, we can announce one thing within the not-so-distant future.”
The Indian authorities had invited Tesla to discover alternatives in infusing cash into electrical mobility and industrial house sectors. Since a gathering between Mr Musk and PM Modi in June, Tesla has fast-tracked closed-door discussions with officers on a possible plant funding and plans to construct a brand new low-cost $24,000 EV.
These talks continued in July with Tesla discussing minute particulars of its plans to realize entry to India’s fast-growing EV market, and Prime Minister Modi personally monitoring developments, sources say. These conferences, although, have been strictly stored below wraps.
Earlier this yr, Highway Transport and Highways Minister Nitin Gadkari additionally stated that Tesla is welcome to arrange a producing plant in India.
Tesla Motors has been planning to enter the Indian market since 2019, however the excessive import obligation on electrical automobiles has been the massive hurdle. The most cost effective Tesla prices round $45,000 — round ₹ 37 lakh. The US automaker argues {that a} 100% import obligation will make their automobiles too costly and take away their key promoting level — affordability.
Mr Musk who additionally heads SpaceX, stated he’s trying ahead to bringing Starlink to India which ”may be extremely useful for distant or rural villages.”
