Elon Musk Says Tesla Seeking to Spend money on India; Starlink Will Additionally Enter the Nation

Tesla chief government Elon Musk mentioned on Tuesday that the electrical carmaker is seeking to put money into India “as quickly as humanly doable.”

His feedback adopted a gathering with Indian Prime Minister Narendra Modi in New York throughout PM Modi’s state go to to america. A supply beforehand advised Reuters that Musk would transient PM Modi on plans to arrange a producing base in India.

“I’m assured that Tesla will likely be in India and can accomplish that as quickly as humanly doable,” Musk mentioned when requested by reporters about Tesla’s plan to put money into India, including he supposed to go to the nation subsequent yr.

“I want to thank the prime minister for his assist and hopefully we’ll have the ability to announce one thing within the not too distant future,” he added.

Musk mentioned he’s “a fan” of PM Modi and famous the prime minister visited a Tesla manufacturing unit in California a number of years in the past, in keeping with video from Indian broadcaster ANI on Twitter.

“India has extra promise than any giant nation on this planet. He (PM Modi) actually cares about India as a result of he is pushing us to make vital investments in India, which is one thing we intend to do. We’re simply attempting to determine the best timing,” Musk mentioned.

India has robust potential for a sustainable power future together with solar energy, stationary battery packs and electrical automobiles, he mentioned. Musk, additionally CEO of SpaceX, mentioned it hopes to deliver Starlink satellite tv for pc Web service to India as properly.

Executives of Tesla visited India and held talks with Indian bureaucrats and ministers final month on establishing a producing base for automobiles and batteries in India.

Musk mentioned final month Tesla would in all probability decide a location for a brand new manufacturing unit by the tip of this yr, including India was an fascinating place for a brand new plant.

US corporations want to scale back reliance on China as a producing base within the face of tensions between Washington and Beijing. Tesla final yr shelved its India entry plans on account of excessive import tax buildings.

PM Modi’s assembly with Musk, who owns Twitter, got here days after Twitter co-founder Jack Dorsey accused India of threatening to close down the platform for not complying with content material takedown orders throughout a 2020-2021 protest. India known as the allegation an “outright lie”.

Musk has not commented on the episode, which prompted a political storm in India.

© Thomson Reuters 2023

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