Elon Musk may unveil a massive investment plan during his two-day India visit

CNBC-TV18 By Keshav Singh Chundawat Published Apr 19, 2024

Musk will land in India for a two-day visit on Sunday and is expected to meet PM Modi on Monday.

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Musk will also meet govt officials and industry representatives and may launch an investment plan of $2-3 billion for India

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If Musk’s Tesla sets up a factory in India then it will have the potential to attract high tech or/and high paying manufacturing jobs.

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Tesla’s entry into Indian market could increase supply of battery metals at the highest scale and lowest cost

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Tesla in India could also improve manufacturing and vehicle design of the electric vehicle segment. It is likely to manufacture cars as well as export them from its potential market.

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Meanwhile, it is estimated that in India, the addressable passenger EV market is expected to grow 5x in the next 10 years to 5,25,000 units.

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