The electric car billionaire believes India has great potential for sustainable energy and wants Tesla to be present here as soon as possible.
Tesla CEO Elon Musk met with Indian Prime Minister Narendra Modi on June 20 when Modi visited the US. "He urged us to make a big investment in India, which we intend to do. I am confident that Tesla will be in India and will do it as soon as possible," Musk told reporters after the meeting.
Musk sees India as having huge potential for sustainable energy, including solar, batteries and electric vehicles. He hopes to bring SpaceX's Starlink satellite internet service to India. Reuters , citing sources close to the matter, said Musk would send Modi plans to build a manufacturing facility in India.
Elon Musk and Prime Minister Narendra Modi during a meeting in New York on June 20. Photo: Reuters
India's foreign minister later tweeted that Modi invited Musk to "explore investment opportunities in India, in the electric vehicle and aerospace sectors." The South Asian country is looking to convince US companies to partner with Indian companies in the aerospace sector, Reuters reported.
Last month, Tesla executives also traveled to India and discussed with officials about setting up a vehicle and battery manufacturing facility there. Musk said last month that Tesla would select a location for the factory later this year, with India being a top choice. American companies have been looking to reduce their dependence on China, as tensions between the two countries have escalated in recent years.
In addition to India, Musk is also in talks with several other Asian countries about building factories. In November 2022, he said he was considering South Korea as a top destination, but would make a decision after assessing the overall investment environment, including human resources and technology. In January, Bloomberg also reported that Tesla had reached a preliminary agreement to build a factory in Indonesia, capable of producing 1 million vehicles a year.
Ha Thu (according to Reuters)
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