Modi in US:Elon Musk, CEO of Tesla, has stated that the electric car manufacturer will be in India “as soon as humanly possible.”
His remarks came after he met with Indian Prime Minister Narendra Modi, who is in the United States on a state visit.
Mr. Musk was reportedly invited by the Indian government to investigate investment opportunities in the commercial space sector and electric mobility.
To achieve that, Mr. Musk stated that he was “trying to figure out the right timing.”
Days after Twitter co-founder Jack Dorsey accused India of threatening to shut down the platform for not complying with its orders to remove content from the website, Mr. Modi met with Mr. Musk, who also owns Twitter.
The Indian government strongly denied Mr. Dorsey’s claims, which he made in an interview with an independent news station, calling them “an outright lie.”
On Wednesday, Mr. Musk made a comment about the incident and said that Twitter had no choice but to follow local governments or “we will get shut down.”
He stated, “We will do our best to provide the most freedom of speech possible under the law.”
Additionally, Mr. Musk stated that India possessed “more promise than any large country in the world” and that he was a “fan of Mr. Modi.”
“He [Mr. Modi] really cares about India because he is encouraging us to make substantial investments in India, which we intend to do. He told reporters, “We are just trying to figure out the right time.” I’m certain that Tesla will be in India and will do as such when humanly conceivable.
In an effort to enter the Indian market, Tesla has been in contact with ministers and bureaucrats.
Last month, Reuters reported that Tesla had proposed setting up a factory in the country to manufacture electric vehicles and batteries. In May, federal minister Rajeev Chandrasekhar told the agency that “they are very seriously looking at India as a production and innovation base.” Last year, Tesla’s initial plans to open a base in India were shelved after the Indian government demanded that the automaker produce cars locally, despite the fact that the manufacturer stated that it wanted to export to India first in order to test demand.
Mr. Musk stated that he also hoped to bring the SpaceX-operated Starlink satellite internet service to India.
“I think it is quite likely that it will be a significant investment in our relationship with India,” he told reporters. “We do not want to jump the gun on an announcement.”
On Tuesday, Mr. Modi arrived in New York to begin a three-day state visit that is being regarded as a turning point in the relationship between India and the United States.
Before he talks directly with President Joe Biden on Thursday, he will receive a formal welcome at the White House.
Over 70 US lawmakers wrote to Vice President Biden on Tuesday, urging him to discuss human rights issues with Prime Minister Modi while he is in India. They said they were worried about how religious intolerance was getting worse, press freedom, and how civil society groups in India were being targeted
Here are some of the challenges that Tesla may face in India:
- High import duties: As mentioned earlier, the Indian government currently imposes high import duties on electric cars, which makes them very expensive in India. Tesla would need to negotiate with the government to lower these duties in order to make its cars more affordable.
- Lack of infrastructure: India’s charging infrastructure is still in its early stages of development. This could be a major obstacle for Tesla, as it would need to ensure that there are enough charging stations available in order to attract customers.
- Cultural challenges: India has a different culture than the United States, and this could pose some challenges for Tesla. For example, the Indian government has been known to be reluctant to approve new technologies, which could make it difficult for Tesla to get its cars approved for sale in India.
Despite these challenges, there are also some factors that could work in Tesla’s favor. For example, India is a large and growing market with a young population that is increasingly interested in electric cars. Additionally, the Indian government is committed to promoting clean energy, which could make it more supportive of Tesla’s entry into the market.
Overall, it is still too early to say whether Tesla will be able to overcome the challenges of doing business in India. However, Musk’s comments suggest that the company is serious about entering the market, and it will be interesting to see how things develop in the coming months and years.
Table of Contents