Elon Musk India go to: Days forward of tech billionaire Elon Musk’s India go to, an advisor representing Tesla, the electrical automotive producer, participated in a stakeholders’ assembly centered on India’s newly formulated Electric Vehicles policy on Thursday, sources mentioned.
“It was a stakeholder consultation meeting seeking inputs for the guidelines to be framed for the new EV manufacturing policy. Tesla was represented by its advisor, The Asia Group (TAG). Vietnam’s electric vehicle manufacturer VinFast was also present in the meeting,” a senior official mentioned.
As per the sources, the stakeholders’ assembly on India’s Electric Vehicles policy noticed the presence of representatives from key Indian producers reminiscent of Maruti Suzuki, Hyundai, Tata, Mahindra, Kia, Skoda Auto Volkswagen India, and Renault. Additionally, representatives from luxurious automotive makers together with Mercedes-Benz, BMW, and Audi have been additionally in attendance.
During the assembly, officers from the Heavy Industries Ministry delivered a presentation outlining the specifics of the brand new Electric Vehicles policy.
According to an official, the contributors primarily centered on gaining a deeper understanding of the policy particulars. The assembly was characterised extra by session moderately than rapid commitments to future investments.
Elon Musk to fulfill PM Modi in India
Tesla CEO and proprietor of X is ready to reach in India later in April and meet Prime Minister Narendra Modi, whereas he’s additionally anticipated to make a significant announcement on plans to take a position and open a brand new manufacturing facility within the nation. Musk will meet PM Modi within the week of April 22 in New Delhi and can individually make an announcement about his plans in India.
Why Tesla is planning to take a position closely within the Indian market?
Tesla is grappling with slower development for electrical automobiles in each its predominant markets of the United States and China. Reuters reported this month that Tesla has cancelled a long-promised cheap automotive that traders have been relying on to drive mass market development. Demand for electrical vehicles in India – the world’s third-largest auto market – is predicted to quickly climb. EVs made up simply 2% of India’s complete automotive gross sales in 2023, however the authorities has mentioned it needs 30% of all new automotive gross sales to be electrical from 2030.
(With PTI inputs)
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