Elon Musk to meet PM Modi later this month; to make announcements about investing in India

Tesla CEO Elon Musk will be in India later this month to meet Prime Minister Narendra Modi. Musk and Modi last met in New York in June.

According to a report, Musk is expected to make an announcement on his plans to invest and open a new factory in India during his visit to the country.

The billionaire businessman is likely to reveal his India plans soon,  said sources.

He will be accompanied by other executives during his visit to the country. 

Neither Tesla, nor the prime minister's office is yet to comment on the reported visit. 

There are also chances that Musk's plans to visit India might be changed.

Tesla has been lobbying India to reduce import taxes on electric vehicles even as it has been considering the idea of setting up a factory in the country.

A Reuters report had earlier said Tesla officials are expected to visit India in April to look at sites for setting up a manufacturing plant.

According to sources, Tesla had also started production of right-hand drive cars at its German plant for exporting to India.