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Elon Musk to announce major Tesla investment in India during New Delhi visit
source link: https://nextbigwhat.com/elon-musk-to-announce-major-tesla-investment-in-india-during-new-delhi-visit/
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Elon Musk to announce major Tesla investment in India during New Delhi visit
- Elon Musk is set to announce a $2-$3 billion investment for a new Tesla factory in India, coinciding with his meeting with Prime Minister Narendra Modi.
- The investment aims to tap into India’s burgeoning electric vehicle market, with the government targeting 30% of new cars to be electric by 2030.
- Musk’s visit, amidst Tesla’s sales challenges in the US and China, also includes discussions on India’s EV policies and potential showroom openings in New Delhi and Mumbai.
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