Elon Musk In India: Elon Musk is expected to visit India to meet Prime Minister Narendra Modi next week and announce an investment of $2 billion - $3 billion in setting up a Tesla manufacturing unit in the country.

Over the past few years, Tesla has expressed interest in entering the Indian market, hindered mainly by steep import duties. However, with the recent announcement of reduced import tariffs for Electric Vehicles (EVs) priced above $35,000, provided the manufacturer gives a guarantee of investment of ₹ 4,150 crore and sets up the manufacturing plant within three years with 25% localisation and subsequently achieves 50% localisation within five years, it is now presumed that Tesla will finally make its much-awaited India entry. 


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