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India's richest state invites Tesla after Musk hints entry into country

Sarwar Alam
By Sarwar AlamOct 22, 2020
Sarwar Alam
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India's richest state Maharashtra has invited U.S. electric-car maker Tesla Inc, weeks after its chief executive officer Elon Musk suggested entering the country next year.

In a tweet on Thursday, state tourism and environment minister Aaditya Thackeray said he and industries minister Subhash Desai held a video call with Tesla executives earlier in the day to invite them to the state.

Earlier this month, Musk said "Next year for sure" on Twitter in reply to a post with a photograph of a T-shirt with the message: "India wants Tesla".

Tesla's entry into Asia's third largest economy could come at a time when prime minister Narendra Modi is increasingly focusing to promote the use of electric vehicles.

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India-UK trade deal set for May rollout

  • India-UK trade deal likely to come into force from the second week of May.
  • 99 per cent of Indian exports to enter UK at zero duty under the pact.
  • Tariffs on whisky and cars to fall significantly over the coming years.

The India-UK free trade agreement, signed in July last year, is expected to come into force from the second week of May, according to an official familiar with the development. The move could mark a significant shift in how goods move between the two countries, particularly in sectors such as automobiles, textiles and consumer goods.

Formally signed on July 24, 2025, the Comprehensive Economic and Trade Agreement is designed to ease trade barriers and expand market access on both sides. The deal, along with the Double Contributions Convention, is expected to be implemented in parallel, aiming to streamline both trade and workforce mobility between India and the UK.

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