Team Blitz India
NEW DELHI: Indian commerce minister Piyush Goyal will meet Tesla chief Elon Musk in the United States next week as the two sides look to advance the U.S. carmaker’s plan to enter the South Asian market, sources familiar with the plans said.
The meeting between Goyal and Musk will be the most high-profile one since the Tesla boss met Indian PM Modi in June and later said he was keen to make significant investments in the country.
Discussions between the Musk and Goyal in the US will centre around Tesla’s plans to setup an Indian factory, manufacturing a $24,000 car there, sourcing more components and establishing charging infrastructure across the nation, one of the two sources told Reuters.
A discussion is also likely on a new policy India is working on which will allow automakers to import fully built EVs into India at a reduced tax rate of 15%, down from as much as 100% now, if they commit to some local manufacturing.
