Prime Minister Narendra Modi will meet Tesla Chief Govt Elon Musk throughout his present journey to the US. PM Modi and Musk have been final seen collectively in 2015 when PM Modi visited Musk’s Tesla manufacturing unit and confirmed curiosity within the new-age expertise vehicles.
Based in 2003, PM Modi visited the Tesla manufacturing unit whereby a gaggle of engineers gave him an illustration of why electrical vehicles will be higher than gasoline-powered vehicles.
In a while, Musk informed the media that he talked about electrical energy era, and the way arguably there is a technique to skip forward with it as with cellphones with PM Modi.
Notably, there is a standoff between Tesla and the Indian authorities over a variety of points like import responsibility, taxes, and China points.
Nevertheless, final month studies emerged that Tesla has proposed a plan in constructing a manufacturing unit in India for home gross sales and export.
The proposal got here after India refused to comply with Tesla’s request final 12 months to decrease the import tax on vehicles, which may attain as a lot as 100%.
Whereas India desires the carmaker to construct automobiles regionally within the nation, Tesla desires to check the market first with imports.
Making vehicles regionally aligns with PM Modi’s pitch to draw corporations together with his “Make in India” marketing campaign, particularly as corporations look to diversify their provide chains past China.
It stays to be seen whether or not Musk will break the ice with India and abide by the federal government’s demand.
Prime Minister Narendra Modi will meet Tesla Chief Govt Elon Musk throughout his present journey to the US. PM Modi and Musk have been final seen collectively in 2015 when PM Modi visited Musk’s Tesla manufacturing unit and confirmed curiosity within the new-age expertise vehicles.
PM Modi left on Tuesday on a state go to to the US billed as a turning level for bilateral relations, with deeper cooperation in defence and excessive expertise in focus.
Aside from Musk, PM Modi can be assembly over two dozen thought leaders from varied walks of life, together with Nobel laureates, economists, artists, scientists, students, entrepreneurs, academicians, and well being sector specialists.
These embody astrophysicist and writer Neil deGrasse Tyson, Nobel laureate economist Paul Romer, writer Nicholas Nassim Taleb and investor Ray Dalio.
Different notable personalities are Falu Shah, Jeff Smith, Michael Froman, Daniel Russel, Elbridge Colby, Peter Agre, Stephen Klasko, and Chandrika Tandon, officers mentioned.
There can be conversations to realize higher synergy, perceive the developments within the US and invite individuals to collaborate with India amongst different points on the agenda.
Up to date: 20 Jun 2023, 12:24 PM IST