PM Modi to meet Tesla CEO Elon Musk on his US visit, what is meant
Exclusive interview with Elon Musk
PM Modi will meet Tesla owner Elon Musk on his US tour. During this, no one knows what will happen between the two, but it is believed that the legendary electric vehicle manufacturer Tesla can discuss with PM Modi about starting its business in India. EV maker Tesla has expressed its intention to set up a plant in India. Tesla wants to assemble its electric vehicles in India to reduce dependence on China, but the government and the company are unable to negotiate on certain conditions.
When Elon Musk met PM Modi
what is the meaning of this meeting
Tesla is desperate to enter India. Earlier, when PM Modi went to America in 2015, he also visited the Tesla plant. Musk has shown interest in setting up Tesla’s manufacturing unit in India. Tesla wants to demand tax benefits, but the government is not showing much interest. The government wants Tesla to set up its production unit in India and do the entire production of its cars. It is believed that the issues which are not being discussed between the government and Tesla can be discussed during this meeting.
When there was a meeting between Modi and Elon Musk
Difficult to ignore the Indian market
Tesla has the largest manufacturing unit in China. But since Corona, this market of Tesla is getting badly affected. According to the CPCA report, Tesla Inc sold 75,842 Chinese-made electric vehicles in April, down 14.7 percent from March. Tesla is unable to meet the demand with the help of the Chinese unit. In such a situation, he wants to move to India. India is the third largest auto industry in the world. In such a situation, it is very difficult for Tesla to ignore India. Not only this, the PLI scheme of the Government of India for EVs is also attracting Tesla. In India, Tesla is also seeing a large consumer market with cheap work force. At the same time, the Government of India is giving full emphasis on promoting EV vehicles. In such a situation, unresolved issues can be discussed between PM Modi and Tesla King Elon Musk, who is visiting America.
