Elon Musk meets Modi and declares that Tesla is interested in investing in India.
During the meeting, Elon Musk called himself a "fan of Modi" and announced that Tesla would invest in India.
Elon Musk meets Modi and declares that Tesla is interested in investing in India.
Elon Musk, the chief executive officer of Tesla, announced on Tuesday that the company is considering making an investment in India's market as soon as possible. His comments came after he met with Narendra Modi, the prime minister of India.
During Modi's state visit to the United States, which took place in New York. Reuters was informed by a source in the past that Musk will meet with Modi to discuss his aspirations to establish a manufacturing facility in India.
His remarks came after he had a meeting with Indian Prime Minister Narendra Modi in New York, which took place during Modi's state visit to the United States.
The country known as the US. Reuters was informed by a source in the past that Musk will meet with Modi to discuss his aspirations to establish a manufacturing facility in India.
When asked by reporters about Tesla's plan to invest in India, Musk responded by saying, "I am confident that Tesla will be in India and will do so as soon as humanly possible." He also mentioned that he planned to visit the nation in the following year.
"I would like to thank the prime minister for his support, and hopefully we'll be able to announce something in the not too distant future," he added. "I would also like to thank the president for his assistance."
According to a video posted on Twitter by an Indian broadcaster, Elon Musk was quoted as calling himself "a fan" of Indian Prime Minister Narendra Modi and mentioning that Modi had previously visited a Tesla facility in California.
After meeting Prime Minister Modi, Elon Musk tweeted, "Looking forward to bring Starlink to India."
Compared to other major nations, India has more potential. Because of his (Modi) concern for India, we want to make substantial investments in the country. Just trying to make sense of the
appropriate moment," Musk remarked.
Solar power, stationary battery packs, and electric cars are all examples of areas where India has the potential to lead the world in developing sustainable energy sources. Musk, who is also the CEO of SpaceX, has expressed hope that Starlink will soon be available in India.
Tesla executives met with Indian government officials last month to discuss the possibility of setting up a factory in the country to produce both vehicles and their batteries.
Musk stated last month that Tesla would likely choose a location for a new factory before the end of the year, and he mentioned India as a potential site.
In light of the current political climate between the United States and China, American businesses would be wise to diversify their supply chains away from China. Due to the country's prohibitive import taxes, Tesla abandoned efforts to enter the Indian market last year.
Twitter co-founder Jack Dorsey accused India of threatening to shut down the platform for not complying with content takedown demands during a protest in 2020–2021. Modi's meeting with Musk, who owns Twitter, happened days later.
It was deemed a "outright lie" by India.