SKF India, Sandhar Technologies, Suprajeet Engineering and other auto ancillary companies’ share prices are rising with Tesla CEO Elon Musk set to visit India.
Elon Musk, who will visit India for 48 hours, is expected to make high voltage announcements including Starlink service, and investment plans in the range of $2 billion to $3 billion. Meetings with PM Modi, government officials, and industry representatives are on agenda.
Eutelsat OneWeb, Starlink, Jio Satellite Communications and Amazon are vying for a portion of the burgeoning Indian market, which has significant growth prospects