Tesla's Musk to Meet Modi, Visit India to Disclose Investment Plans: Report

Musk-Modi Meet In April: Tesla CEO Elon Musk is scheduled to visit India later this month for a significant meeting with Prime Minister Narendra Modi. Citing two sources, news agency Reuters said that Musk intends to unveil plans regarding investments and the establishment of a new factory in the country during his visit.

Musk is slated to meet with Prime Minister Modi during the week of April 22 in New Delhi. He is also expected to make a separate public announcement concerning Tesla's ambitions in India. As per one of sources, Musk will be accompanied by other top executives from the company. Reuters stated that neither PMO nor Tesla has responded to requests for comments on the matter. It's worth noting that Musk's final agenda for the trip could potentially undergo alterations.

The upcoming meeting between Musk and Modi follows their last encounter in New York in June. Over the past few months, Tesla has been actively engaging with Indian authorities, advocating for a reduction in import taxes on electric vehicles as part of its considerations for establishing a manufacturing facility in the country. India recently unveiled a new EV policy, slashing import taxes from 100 per cent to 15 per cent on select models if the manufacturer invests a minimum of $500 million and sets up a local factory.