Modi doesn't need Musk to win elections, but billionaire's visit a boon for India, expert says

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India's electric vehicle market remains underdeveloped, with EV's making up around 2% of car sales in the country, which ranks as the third-biggest automobile market.

As Indians start casting votes in the 44-day election that started Friday, Indian Prime Minister Narendra Modi and billionaire entrepreneur Elon Musk will meet, with reports indicating that Musk will announce an investment of $2 billion to $3 billion in the country. "I don't think Mr. Musk is going to make a huge impact, positive or negative, on Mr.

" Some have argued that Modi would capitalize on Musk to help boost his ability to create jobs by expanding EV production in his country – thanks to a potential Tesla factory – and other tech-related initiatives that would help drive down the country’s unemployment rate.

 

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