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In an exciting development, Elon Musk, the CEO of Tesla (NASDAQ:TSLA) and SpaceX, has officially announced his upcoming visit to India. Musk expressed anticipation for a meeting with Prime Minister Narendra Modi during his stay in the country, as stated in a recent post on X.
Media reports indicate that Musk’s visit is scheduled for the week of April 22nd, with New Delhi as the chosen location for his meeting with PM Modi.
Accompanied by key executives from Tesla, Musk is expected to unveil details about potential investment ventures, including the establishment of a manufacturing plant estimated at $2-3 billion.
The entry of Tesla into the Indian market aligns seamlessly with Musk’s vision, emphasizing the inevitability of electric vehicles dominating the automotive industry in the near future.
Regarding Tesla’s manufacturing plans, Gujarat, Maharashtra, and Tamil Nadu (NS:TNNP) emerge as prime contenders, with the potential for both domestic production and export of electric vehicles.
The groundwork for Musk’s visit was laid during Prime Minister Modi’s trip to the US last year, where he extended an invitation to Musk to explore investment opportunities within India’s burgeoning e-mobility sector.
