PM Modi Thanks Elon Musk for Congratulatory Message on Electoral Victory

Prime Minister Narendra Modi expressed his gratitude towards Elon Musk, the CEO of Tesla and SpaceX, for congratulating him on his victory in the 2024 Lok Sabha elections. In a post on social media platform X, PM Modi highlighted the potential of India’s talented youth, demographic dividend, stable democratic system, and predictable policies in creating a conducive business environment.

Musk had extended his congratulations to PM Modi on his electoral win, expressing his excitement about the prospect of his companies engaging in exciting work in India. Reports suggest that Tesla is considering setting up manufacturing plants in states like Maharashtra, Gujarat, and Tamil Nadu, with an estimated investment of $2-3 billion. The company also aims to produce a car priced at around Rs 17,30,000 in the country.

While Musk had planned to visit India earlier this year, he had to postpone his trip due to pressing obligations with Tesla. However, he expressed his eagerness to visit later in the year. The Indian government has been actively promoting domestic manufacturing in the electric vehicle sector, offering incentives to manufacturers who commit to investing at least USD 500 million and starting production within three years.

With the potential collaboration between Tesla and India on the horizon, the future looks promising for the growth of the electric vehicle industry in the country. PM Modi’s acknowledgment of Musk’s well wishes and the shared vision for a thriving business environment sets the stage for a fruitful partnership between India and Tesla.