Elon Musk and Narendra Modi met last June in New York (Photo: AFP/Indian Press Information Bureau)
Eurasia
11/04/2024 18:05
"Looking forward to meeting with Prime Minister Narendra Modi in India!", he said in a post on X after Reuters first reported details of Musk's planned India visit this month.
According to the news agency, the billionaire will meet Modi in the week of April 22 in New Delhi, and will separately make an announcement about his India plans, said the two sources, who declined to be named as the trip details are confidential.
Modi's office and Tesla did not respond to requests for comment. Musk's final India trip agenda could still change.
Musk and Modi last met in New York in June, and Tesla for months lobbied India to lower import taxes on electric vehicles while it weighed up a factory there, Reuters reminded. India last month unveiled a new EV policy lowering import taxes to 15% from 100% on some models if a manufacturer invests at least $500 million and sets up a factory too.
The Chinese electric vehicle powerhouse BYD will begin manufacturing compact cars in Europe next year, BYD's European head Stella Li said in an interview published on Tuesday.
In recent years, Hungary has become a major centre of Chinese automotive investment in Central Europe. Investment is particularly strong in the field of electric vehicles and battery production, in line with the European automotive industry's shift to electric mobility.