Musk met Modi on the sidelines of the latter's three-day state visit to the US aimed at improving the bilateral relationship between the countries amidst the worsening tensions with China.
After the meeting, Musk said that Tesla is looking to make "significant investments" in India as a destination to not only make its electric cars but also battery packs. Musk also added that the company was trying to figure out the right timing for the move. He said that Tesla would be in India "as soon as humanly possible".
In addition to Tesla's EVs, the meeting has also opened doors for Musk's other ventures such as solar and energy storage, and satellite internet from SpaceX. Musk's Starlink formally opened shop in India in 2021 but needs to get through the regulatory hoop to begin offering services in the country. The service could help provide internet connections in remote locations that do not have broadband access.
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Source: Reuters - 🏆 2. / 97 Read more »