As part of his three-day state visit to the United States, Prime Minister Narendra Modi met the Tesla CEO, reviving talks on the electric vehicle (EV) giant’s much-awaited India entry
What Was Discussed in the Meeting
During the discussion, Modi invited Musk to ‘explore opportunities in India for investments in electric mobility’, read a statement from the press information bureau
Musk termed the meeting “fantastic” and hinted at a “significant” future investment in the country
Tesla Chief Hints at ‘Significant Investment’ in India
Tesla is in the process of nailing down the “right timing” for its India entry, said Musk, but steered clear of committing a time frame for Tesla’s India debut
No Market Entry Time Frame for India Yet
Musk spoke about how India holds immense potential for Tesla’s energy storage business, stating the country is “great” as a base for solar energy generation
India Has High Potential for Tesla’s Energy Storage Biz
A Tesla delegation recently met with authorities in India to discuss the potential of setting up vehicle as well as battery manufacturing facilities in the country
Tesla Evaluating Local Production of EVs, Batteries