#Tesla CEO #ElonMusk to meet startups, business leaders & Govt officials in India
Musk could announce an investment of $2-3 Billion, and interact with Space startups to discuss opportunities in Space sector.
- Tesla exploring factory locations in India due to US sales decline.
- Starlink, Musk's satellite internet venture, likely to get initial approvals.
- Musk to discuss content takedown orders on X, a social media platform he owns.
*Background:*
- Musk met PM Modi in June 2023, discussing investments in India.
- Tesla faces challenges like Chinese competition and US demand slump.
*India's Market:*
- High import taxes hinder Tesla's entry.
- Recent easing of regulations aims to attract foreign investment.
*Opportunities:*
- India's potential market growth as incomes rise.
- Electric vehicle sales expected to rise significantly by 2030.
Impact of Elon Musk’s visit announcement being felt already?
Ramkrishna Forgings have won an order to supply Power Train components to Tesla, today
