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Elon Musk’s 2-Day India Trip: Engaging with space startups, addressing business leaders, and exploring Agra
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
Elon Musk is likely to meet the Prime Minister Narendra Modi on April 22 morning. Following the meeting, Musk could make an announcement on Tesla’s plans to enter the India market.
Elon Musk is all set to visit India for a series of meetings and extensive interactions with government officials, startups and business leaders. The Tesla CEO is expected to spend at least 48 hours in India.
Musk is likely to meet the Prime Minister Narendra Modi on April 22 morning. Following the meeting, Musk could make an announcement on Tesla’s plans to enter the India market.
The Indian government has been urging Tesla to invest and make electric cars in India not just for domestic market but for exports as well. Tesla, which has signed a deal with Tata Electronics for components, is likely to increase component sourcing from India for plants in Germany and Freemont.
CNBC TV18 had earlier reported that Tesla is looking to invest $2-3 billion in India and is scouting for locations to setup a manufacturing plant. The company is expected to apply for the new electric vehicle manufacturing policy to avail of duty concessions on imported cars.
In the afternoon of April 22, Musk is expected to meet space startups in New Delhi at Bharat Mandapam. Skyroot Aerospace, Bellatrix and Agnikul are among the startups likely to be present. In the run up to the visit, the government has been clearing the decks for Starlink to start operations in India. Sources say apart from expressing an intent to bring Tesla into India, Musk could talk about Starlink’s plan to bring satellite based internet services to India.
Later in the day, Musk is likely to address and meet approximately 200 business leaders. Musk who is likely to be accompanied by his children could even visit Agra, but the plans are yet to be finalised said a source requesting anonymity.
The Indian government has been in talks with Musk on not just making electric vehicles in India but also on space and broadband connectivity. “Multiple opportunities are being explored across the space sector, including collaboration with Indian startups and there could be an announcement by Musk regarding the space sector”, said a source requesting anonymity.
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