Prime Minister Narendra Modi met his ‘fan’ and the world’s richest particular person, Elon Musk, throughout his official state go to to the US. Elon Musk is the founder and CEO of Tesla, one of the crucial in style electrical automobile firms throughout the globe. Although India is rising as a enormous marketplace for electrical autos, Tesla is nonetheless not formally current within the nation and though Elon Musk has made a number of makes an attempt to enter the area, he failed to meet localisation calls for from the Indian authorities. Now after assembly PM Narendra Modi, Elon Musk has introduced that Tesla is coming to India as quickly as humanly attainable. Although Tesla is but to formally arrive in India, that doesn’t imply that there aren’t any Tesla automobiles on Indian roads.
The first Tesla automobile was imported by an Indian was in 2017 and he was not Mukesh Ambani, Ratan Tata, Gautam Adani or Gautam Singhania. The first Indian to purchase a Tesla is Prashant Ruia, the CEO of Essar Group. The Indian billionaire imported the Tesla Model X SUV in India in electrical blue color and he has been noticed driving the electrical SUV a number of occasions.
Prashant Ruia is a part of the second technology of the Ruia household that based Essar and is the only real investor in Essar Global Fund Limited (EGFL). For those that are unaware, Essar was based in 1969 by his father Shashi Ruia and uncle Ravi Ruia. With Assets underneath Management of $8 billion, the present funding portfolio of Essar is future centric and worth accretive. Over the final 5 years, Essar has rebalanced its portfolio by monetising a number of the property and companies constructed by Essar and has attracted greater than $30 billion of Foreign Direct Investments.
