“Looking forward to meeting with Prime Minister Narendra Modi in India !” he wrote.The country begins voting in marathon, six-week-long elections on April 19, in which Modi’s Hindu-nationalist Bharatiya Janata Party is widely expected to sweep a third term in power.
Last month, India cut import taxes on electric vehicles for global automakers committed to investing $500 million and starting local production within three years. Last week the Financial Times reported that Tesla planned to send a team to India in April to study locations for a proposed $2 billion-$3 billion electric car plant.
Elon Musk said he was “incredibly excited about the future of India”, adding that the fastest-growing major economy “has more promise than any large country in the world”.India overtook Britain in 2022 to become the world’s fifth-largest economy, and grew at a robust 8.4 percent in the December quarter, helped by a surging manufacturing sector.
Tesla Elon Musk India Prime Minister Narendra Modi Elections Import Taxes Electric Vehicles
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