Elon Musk, despite his vast business empire, has yet to penetrate the Indian market, hindered primarily by high tariffs on electric vehicles. Recent discussions between Musk and Indian Prime Minister Narendra Modi signal a potential shift, particularly with Musk's interest in launching Tesla and Starlink in India. Following Modi's visit to Washington, where collaboration between the US and India was emphasized, Musk's plans appear to accelerate. A new government scheme could lower import tariffs significantly, making a Tesla factory in India more feasible and beneficial for the country seeking foreign investment and manufacturing jobs.
The Indian market remains elusive for Musk, but recent discussions with Prime Minister Modi indicate an imminent entry, especially for Tesla and Starlink.
With India's tariffs hampering Tesla's entry, a recent government scheme and Musk's ambitions may pave a path for investment and growth in the EV sector.
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