Elon Musk to visit India for meeting with PM Modi
Elon Musk has announced on his social media platform 𝕏 formerly Twitter, that he will visit India to meet Prime Minister Narendra Modi without giving a date.
The Tesla boss is expected to announce major investment plans in the country soon.
Last month, India cut import taxes on electric vehicles (EV) for global carmakers which commit to investing $500m (£399m) and starting local production within three years.
In 2021, the Tesla boss said that India's high import duties had prevented the firm from launching its cars in the world's fastest-growing major economy.
Tesla has cut prices repeatedly in response to increased competition from rivals such as BYD but demand in key markets like China has fallen.
Tesla's shares have lost almost a third of their value since the start of this year.
India overtook the UK in 2022 to become the world's fifth-largest economy, and grew by 8.4% in the December quarter, helped by a surging manufacturing sector.
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🌟🚗 **Elon Musk's Grand Entrance to India! Get Ready for the Tesla Revolution!** 🇮🇳🔋

Hold onto your seats, India! 🎉 The tech maverick himself, Elon Musk, is gearing up for a historic visit to the land of diversity and innovation. 🚀

In a groundbreaking announcement on his social media platform 𝕏 (formerly Twitter), Musk revealed his plans to meet with Prime Minister Narendra Modi, setting the stage for what could be a game-changing moment in India's automotive landscape.

But that's not all—rumor has it that Musk will unveil major investment plans that could reshape India's electric vehicle (EV) market as we know it. 🌱💡

India's recent decision to slash import taxes on EVs has paved the way for global giants like Tesla to make their mark in the country. With incentives for companies committing to significant investments and local production, the stage is set for Tesla to drive full-speed ahead into the Indian market. 🚗💨

Despite facing challenges with high import duties in the past, Musk's vision for Tesla in India remains unwavering. With the country's booming economy and surging manufacturing sector, the timing couldn't be more perfect for Tesla to make its mark in the world's fifth-largest economy. 💼💰

So, fasten your seatbelts and get ready to witness the dawn of a new era in India's automotive industry. With Elon Musk at the helm, the future of mobility has never looked brighter! 🌟⚡

#Tesla #Visit #Economy 🌏🔌

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Elon Musk to visit India for meeting with PM Modi

Elon Musk has announced on his social media platform 𝕏 formerly Twitter, that he will visit India to meet Prime Minister Narendra Modi without giving a date.
The Tesla boss is expected to announce major investment plans in the country soon.
Last month, India cut import taxes on electric vehicles (EV) for global carmakers which commit to investing $500m (£399m) and starting local production within three years.
In 2021, the Tesla boss said that India's high import duties had prevented the firm from launching its cars in the world's fastest-growing major economy.

Tesla has cut prices repeatedly in response to increased competition from rivals such as BYD but demand in key markets like China has fallen.
Tesla's shares have lost almost a third of their value since the start of this year.
India overtook the UK in 2022 to become the world's fifth-largest economy, and grew by 8.4% in the December quarter, helped by a surging manufacturing sector.
#Tesla #Visit #Economy