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Musk and Modi meet to discuss investing in India
Autocar Professional
|1st July 2023
Elon Musk has reiterated that Tesla will come to India, but will it be just cars or more, is the question that is keeping the industry guessing after his meeting with the Indian PM
The short meeting between the Indian Prime Minister Narendra Modi and Tesla founder Elon Musk in the US drew much interest across sectors. Musk, an influential US-based businessman and investor has interests in the electric vehicle (EV) with his curated EV company Tesla, in the satellite and space exploration sector with SpaceX, and also in the social networking site with recently acquired Twitter. Musk has been in the news for considering investments in India. “I am confident that Tesla will be in India and will do so as soon as humanly possible,” Musk told reporters after the meeting with PM Modi. This is the second time they have met since 2022.
However, observers reckon that PM Modi and Musk exchanging pleasantries doesn't mean signing of a MoU or a done deal. PM Modi had met and visited the Tesla factory in the US in 2015. Although, the highlight of that visit was studying self-sufficiency in energy systems through solar systems and not EVs. Since then, there has not really been any India-specific announcement from Musk.
This story is from the 1st July 2023 edition of Autocar Professional.
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