Elon Musk Says He ‘Looks Forward’ To Visiting India In 2024 – Benzinga India

Elon Musk, the maverick billionaire, has got India buzzing with a single tweet. I look forward to it, he declared, responding to a playful tweet about visiting India in 2024.

But heres the juicy bit: this isnt just a casual drop-in. Musks tweet comes on the heels of a rendezvous with Indias Prime Minister, Narendra Modi, in New York earlier this year. And Musk had then said that he was planning to visit the country sometime next year.

Now, if youre wondering why Musks India visit is making waves, heres the lowdown. Tesla, Musks electric car brainchild, has been eyeing the Indian market for a while. And while the tech mogul confidently stated that Teslas Indian debut is as soon as humanly possible, theres more to the story.

See also: Elon Musk Applauds Indias Budget-Friendly Chandrayaan 3 Ahead Of Moon Landing

Behind closed doors, Teslas been in intense talks about a potential investment in a plant and even a new, wallet-friendly $24,000 EV tailored for India. PM Modi is said to be personally overseeing these discussions.

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But, theres a speed bump. Teslas been eager to zoom into India since 2019, but a hefty import duty on EVs is throwing a spanner in the works. With the cheapest Tesla ringing in at around 37 lakh, a 100% import duty could drive prices sky-high, potentially stalling Teslas Indian dream. But with Musks upcoming visit, who knows? Maybe its time for a game-changer.

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Elon Musk Says He 'Looks Forward' To Visiting India In 2024 - Benzinga India