Elon Musk to Meet with Indian Prime Minister Modi as Tesla Eyes Expansion into India
The upcoming meeting coincides with India's general elections, highlighting potential strategic partnerships and economic implications.
- Elon Musk's planned visit to India aligns with the country's general elections, where Prime Minister Narendra Modi's party is expected to win.
- Tesla's interest in India includes potential factory setups and learning about lithium reserves, crucial for electric vehicles.
- India has recently lowered import tariffs on foreign cars to attract companies like Tesla, amidst a global slowdown in auto sales.
- U.S. tech giants like Apple and Google have shown support for Modi, enhancing his political and economic stature ahead of the elections.
- Foreign direct investment in India has surged, with significant inflows in 2023, contrasting with outflows from China.