Tesla CEO Elon Musk on Wednesday announced that he is looking forward to meeting Prime Minister Narendra Modi during his visit to India this month.Taking it to his X handle, Musk, tweeted, Looking forward to meeting with Prime Minister Narendra ModiLooking forward to meeting with Prime Minister @NarendraModi in India!— Elon Musk (@elonmusk) April 10, 2024According to the sources, the billionaire is scheduled to meet PM Modi on April 22. It is also anticipated Musk is likely to announce major investment plans which could be related to the opening of a new factory that will be providing Tesla electric vehicles in India as a natural progression.It is also said that the Tesla CEO may accompany other top executives of the come however, details on that are still awaited.Noteworthy here is that this is not the first time Elon Musk will meet PM Modi, in June last year also, the billionaire talked about the plan of investing in India soon. Change in Indias EV policyPolicies regarding electric vehicles can change frequently based on various factors such as technological advancements, economic considerations, and environmental goals and this move has come after India has been actively working to promote electric vehicles (EVs) as part of its efforts to reduce pollution and dependence on fossil fuels. This includes initiatives such as subsidies for EV buyers, tax incentives, and infrastructure development for EV charging stations.Recently, the government announced a new electric vehicle policy according to which import duty concessions will be given to companies setting up manufacturing units in the country with a minimum investment of USD 500 million.
