- Elon Musk is set to announce a $2-$3 billion investment for a new Tesla factory in India, coinciding with his meeting with Prime Minister Narendra Modi.
- The investment aims to tap into India’s burgeoning electric vehicle market, with the government targeting 30% of new cars to be electric by 2030.
- Musk’s visit, amidst Tesla’s sales challenges in the US and China, also includes discussions on India’s EV policies and potential showroom openings in New Delhi and Mumbai.
Elon Musk to announce major Tesla investment in India during New Delhi visit
