A recent meeting between Elon Musk, CEO of Tesla, and Indian Prime Minister Narendra Modi has generated intrigue surrounding Tesla's potential entry into the Indian market.
Elon Musk, the CEO of Tesla, has expressed his intention to invest in India and bring Tesla to the country as soon as possible.
Musk has been interested in entering the Indian market for several years, but had been waiting for substantial incentives from the government.
Talks have been revived between Tesla and the Indian government regarding incentives to bring the electric carmaker to the Indian market.
However, Tesla's plan to establish a manufacturing plant in India is contingent on being allowed to sell and service imported cars in the country.
SpaceX, Musk's other company, has also engaged in discussions with the Indian telecom ministry to set up its satellite internet service, Starlink, in India.
Earlier, Starlink faced regulatory challenges in India, but now it has registered its business and hired a local executive to oversee operations.
Musk has expressed his admiration for Narendra Modi and believes that India holds great promise as a large country.
Modi appreciated Musk's drive to make technology affordable and accessible and invited him to explore investment opportunities in India