Musk expresses his joy at Prime Minister Modi’s electoral triumph and announces bold ambitions to invest heavily in India.
Elon Musk, CEO of SpaceX and Tesla, has congratulated Narendra Modi, the prime minister of India, on his record-breaking re-election. X is Musk’s new social media platform; he used it to express his enthusiasm for the country and his company’s future endeavours there.
“Congratulations, @narendramodi, on your victory in the world’s largest democratic elections,” he tweeted. “I look forward to my companies doing exciting work in India,” said the CEO.
This message of congratulations arrives as excitement grows for Musk’s upcoming trip to India. The trip was supposed to happen in April, but was delayed because of “very heavy Tesla obligations.” On April 21 and 22, Musk was supposed to meet with Prime Minister Modi on his visit to the country. But he did say that later this year the trip will really happen.
“Unfortunately, very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting later this year,” Musk stated on the show.
Musk had already met with Modi in June of last year in the US, when he voiced his hope that Tesla and his satellite internet company, Starlink, will soon join the Indian market. Musk proudly declared himself a “fan of Modi” and lauded the Prime Minister for his attempts to encourage Tesla to make substantial investments in India during their chat.
During their meeting in 2023, Musk said reporters that Modi is really concerned about India and is encouraging them to invest heavily there. Musk went on to say that they want to do just that. “I am confident that Tesla will be in India and will do so as soon as humanly possible.”
Establishing a manufacturing unit and making substantial investments are among Tesla’s plans for India. As a first step towards establishing a stronger foothold in the Indian market, Tesla approached the Indian government last year to discuss reducing import charges on its vehicles.
With Narendra Modi’s re-election and Musk’s continuing conversations with the Indian government, Tesla’s entrance into the Indian market might be expedited. As part of his larger economic agenda, Modi has been pushing for technological advancements and an increase in foreign investment, so this decision is in line with that.
With 293 out of 543 Lok Sabha seats held by the National Democratic Alliance (NDA), Prime Minister Modi will be sworn in for a third term on Sunday by President Draupadi Murmu. His administration has kept India in the sights of international business magnates like Elon Musk, bode well for the country’s budding tech and industrial sectors.
