Last Updated: April 12, 2023, 10:56 IST
File photograph of Tesla founder Elon Musk and Prime Minister Narendra Modi.
After Elon Musk began following PM Modi on Twitter, folks began speculating that Musk could be planning to arrange a Tesla manufacturing unit in India
Elon Musk, the founding father of Tesla and SpaceX and proprietor of Twitter, has triggered a flurry of hypothesis after he adopted Indian Prime Minister Narendra Modi on the social media platform.
After Musk adopted PM Modi, folks have began speculating that Elon Musk could be planning to arrange a Tesla manufacturing unit in India or be a part of the Indian EV market, a report in Firstpost stated.
However, this isn’t the primary time that speculations of Tesla coming into the Indian EV market or the Musk’s firm organising a manufacturing line within the nation have made rounds.
Elon Musk, the second richest particular person, was eager on coming into the Indian EV market a couple of years in the past however wished some main tax breaks, the report stated.
It’s no shock that PM @narendramodi is likely one of the choose few that @elonmusk follows on Twitter. Modi’s visionary management has propelled India to new heights, whereas Musk’s modern concepts have modified the world. Let’s hope their Twitter friendship leads to some… pic.twitter.com/C7tBcBY5nV— Ankit Bhuptani 🏳️🌈 (@CitizenAnkit) April 10, 2023
But the Indian authorities refused to give concessions on import taxes and duties that Tesla would incur on procuring components for the EV from China.
With over 87.7 million followers, Modi is among the many most adopted international leaders on Twitter. Musk follows 193 accounts on Twitter and is essentially the most adopted persona on the platform with over 134 million followers.
Political leaders that Musk follows at current embody Barack Obama, UK Prime Minister Rishi Sunak and French President Emmanuel Macron.
Last yr in May, Union Road Transport and Highways Minister Nitin Gadkari stated that if Elon Musk comes to India and makes Tesla vehicles right here, then the corporate will even get advantages. Gadkari had reiterated that Musk can have to manufacture his Tesla vehicles in India, and never China, if he desires to come and promote the automobiles within the nation.
However, Musk was adamant that he would first take a look at the market in India by providing Tesla’s vehicles at a premium and solely then he would consider organising a manufacturing unit. India then refused to entertain the Tesla founder’s calls for.
The firm has lengthy sought lowered import tariffs on electrical automobiles in India, urgent the federal government to drop tariff charges on high-end vehicles to 40 % as a substitute. But New Delhi has refused to present the tax reductions, as a substitute encouraging the automaker to produce automobiles regionally.
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