India's Commerce Minister Piyush Goyal at the World Economic Forum in Davos, Switzerland on May 25, 2022. Discussions between the Musk and Goyal in the US will centre around Tesla's plans to setup an Indian factory, manufacturing a US$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. The third person added the government is also analysing the impact the new policy could have on the Indian EV market, as local carmakers have often said lower EV import taxes could disrupt the market and hurt their plans.