In a development that has caused a buzz in India’s electric mobility sector, Elon Musk, the CEO of Tesla, has stated his intention to steer his renowned electric vehicle company into India’s burgeoning market.
Invitation Extended by the Prime Minister
During Prime Minister Narendra Modi’s state visit to the United States, he met with the Tesla chief. The discussion naturally gravitated towards India’s potential in the realm of sustainable energy. “I am confident that Tesla will be in India and will do so as soon as humanly possible,” Musk declared.
Opportunities for Collaboration in the Electric Mobility Sector
Modi invited Musk to explore investment opportunities in India, with a particular emphasis on the country’s expanding electric mobility and emerging commercial space sectors. Musk responded favourably, stating, “He [Modi] really cares about India because he’s pushing us to make significant investments in India, which is something we intend to do.”
Opportunities for Collaboration in the Electric Mobility Sector
India’s drive to attract key players in the electric vehicle market has been accelerating in recent years. The country opened its doors to private launches in the space sector in 2020, intending to increase its stake in the global launch market five-fold within the next decade.
Obstacles and Future Hopes
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Despite previous setbacks due to high import tax structures, which put the brakes on Tesla’s plans, Musk’s recent declarations have rekindled hopes for Tesla’s Indian adventure. Musk has also dropped hints about bringing SpaceX’s Starlink satellite internet service to India, a move that would significantly enhance India’s connectivity capabilities.
Steering Through Controversies
Interestingly, these developments unfold amidst a disagreement between Twitter, also owned by Musk, and the Indian government. This discord has led to some speculation about its potential impact on Tesla’s plans for India. Despite the simmering controversy, Musk remains committed to his vision for India’s sustainable energy future.
With Musk’s assertion that he is “trying to figure out the right timing” for these ambitious investments, the world will be eagerly watching to see when ‘humanly possible’ becomes a reality.
