Renowned entrepreneur Elon Musk, CEO of Tesla and SpaceX, is rumored to be scheduling a visit to India later this month with intentions to meet Prime Minister Narendra Modi and unveil his ambitious investment plans, aligning with the nation's fervent pursuit of electric vehicle (EV) adoption.
Despite the anticipation surrounding Musk's visit to India, neither the tech mogul nor his electric car company has officially confirmed the trip as of yet.
Sources cited by Reuters have indicated that Musk is expected to rendezvous with PM Modi during the week of April 22 in New Delhi, accompanied by key Tesla executives. The agenda is likely to feature discussions on potential investment ventures, including the establishment of a sizable manufacturing facility in the range of $2-3 billion within India.
Musk has underscored that Tesla's foray into the Indian market and its pursuit of suitable factory locations are a natural evolution in the realm of electric vehicles. Expressing his belief in the inevitable transition toward electric transportation, Musk remarked, "All vehicles will go electric, and it is just a matter of time."
Echoing this sentiment, Musk envisions a future where India, akin to other nations embracing EV technology, will witness a surge in electric vehicle adoption.
Reports suggest that Gujarat, Maharashtra, and Tamil Nadu are prime contenders on Tesla's radar for commencing EV production and potentially exporting vehicles. During PM Modi's visit to the United States last year, he extended an invitation to Musk to explore investment prospects in India's burgeoning e-mobility sector.
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