After the earlier discussion between Tesla and Indian Government. Elon Musk CEO of Tesla and Indian Prime Minister Narendra Modi meet in new york and discussed Tesla’s Entry into India. Elon Says “I am incredibly excited about the future of India. I think India has more promise than any large country in the world.” After Elon Musk, the chief executive of Tesla, revealed that the electric vehicle manufacturer is looking to invest in India.
TESLA’S INTENTION
Elon Musk, following the meeting with Prime Minister Narendra Modi in New York, stated that Tesla intends to invest in India “as soon as humanly possible” and hopes to establish a manufacturing base in the country. Musk said Tesla would announce it’s Indian entry soon, and praised the country’s remarkable potential for a sustainable energy future, particularly in the electric vehicles sector.
Musk’s comments came following a meeting with Indian Prime Minister Narendra Modi during the latter’s business visit to the United States. A source had earlier revealed to Reuters that Elon Musk intended to brief Modi on Tesla’s proposals for establishing a manufacturing base in India.
He is confident that Tesla will be in India as soon as possible. He further disclosed his intention to personally visit the country in the coming year, emphasising the gravity and seriousness of Tesla’s commitment.
India has more promise than any large country in the world as it has strong potential for a sustainable energy future including solar power, stationary battery packs, and electric vehicles, Musk said, expressing that he desires and aims to bring SpaceX’s Starlink satellite internet service to India as well.
MODI’S PUSH TO INVEST
Modi also supports and encourages Tesla to make significant investments in India. PM Narendra Modi really cares about India because he’s pushing Tesla to make significant investments in India, which is something they intend to do as well, Musk told reporters after the meeting.
India’s foreign ministry spokesperson later tweeted saying Modi had invited Musk to “explore opportunities in India for investments in electric mobility and rapidly expanding commercial space sector.”
The country is now also going to engage in foreign collaboration and will allow some U.S. companies to initially collaborate with Indian firms for investments in its space sector, disclosed by a source to Reuters.
