India commerce minister to meet Tesla's Musk amid market entry talks-sources

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SaltWire's Atlantic regional weather forecast for November 8, 2023 | SaltWireNEW 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.

Discussions between the Musk and Goyal in the U.S. 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. This meeting is to ensure that talks between India and Tesla"are moving in the right direction," the person added.Tesla and India have been in talks for several months with the U.S. carmaker open to setting up a factory but also keen to get lower import taxes for some of its high-end vehicles.

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