Skip to content
Search

Latest Stories

Musk in India: Tesla, Starlink and X on agenda

In addition to Tesla, Musk’s satellite internet company Starlink is expected to receive preliminary clearances to operate in India.

Musk in India: Tesla, Starlink and X on agenda

Billionaire Elon Musk is gearing up for a visit to India, targeting an electric vehicle plant in the country. But that's not the only thing he will be discussing during his India visit.

In addition to Tesla, Musk's satellite internet company Starlink is expected to receive preliminary clearances to operate in India, as per information from a government official speaking to AFP.


The trip is also expected to address the substantial number of content removal requests from the Indian government directed at X (formerly Twitter), the social media platform Musk acquired in 2022. Last week, Musk excitedly announced on X, "Looking forward to meeting with Prime Minister Narendra Modi in India!" though he did not specify the date of his arrival.

Reports from Indian news outlets indicate that Musk’s visit could commence this Sunday and is planned to last for two days. This follows a period of intense engagement between Modi and the billionaire, building on their meeting in New York last June. Post-meeting, Musk expressed on social media that Modi had encouraged him to "make significant investments in India," an initiative he affirmed his companies are prepared to undertake.

Amidst growing competition from China and a downturn in demand in the US, Tesla has considered reducing its workforce, as per various reports. Tesla is currently experiencing a slowdown in sales within the US.

Musk, a self-proclaimed admirer of Modi, has previously stated that India "has more promise than any large country in the world."

However, despite Musk's positive outlook on India, the country faces challenges in attracting foreign direct investment. High import duties have notably hindered Tesla's entry into the Indian market without local manufacturing facilities. Moreover, in 2021, Starlink was publicly criticised by the communications ministry for initiating service presales in India without the necessary operational license.

This year, in a move to attract more foreign investment ahead of the national elections, the government has relaxed some regulations. Recently, it reduced import taxes on electric vehicles for international manufacturers that pledge to invest $500 million and start local production within three years. Under the new scheme, automakers can import up to 8,000 electric vehicles annually, priced at $35,000 or more, at a reduced import duty of 15 percent.

Earlier this month, the Financial Times reported that Tesla is sending a team to survey potential factory sites in at least three Indian states. Indian media also reports that Tesla may initially import vehicles from its Berlin plant until a final decision on production in India is made.

Although experts remain skeptical about the immediate impact of Tesla's entry into the Indian market, due to the high cost of its vehicles, there is a general consensus that the market could reach a turning point as incomes rise and production costs for electric vehicles decrease. According to Counterpoint, electric vehicles, which currently represent two percent of all automotive sales, are expected to surge to nearly 30 percent by 2030.

On the legal front, Musk continues to deal with legacy issues from X, notably the ongoing legal challenges against orders from the Indian government to remove certain content critical of Modi's administration. Despite the legal battles, Musk has expressed his intention to comply with local regulations, stating to a BBC journalist last year, "If we have a choice of either our people go to prison or we comply with the laws, we will comply with the laws."

(AFP)

More For You

‘All options on the table’ as Britain
prepares for likelihood of US tariffs

Sir Keir Starmer with Jonathan Reynolds

‘All options on the table’ as Britain prepares for likelihood of US tariffs

BRITAIN is likely to be hit by US tariffs despite making “rapid progress” over a trade deal with Washington, prime minister Sir Keir Starmer said on Tuesday (1).

He spoke as US trading partners around the world braced for an expected fresh raft of tariffs from president Donald Trump, in addition to levies already imposed on steel and those set to take effect this week on cars.

Keep ReadingShow less
single-use vapes-iStock

Analysis by Material Focus estimates that 8.2 million vapes are discarded or littered each week in the UK—equivalent to 13 every second. (Representational image: iStock)

iStock

Shops told to clear single-use vapes before ban starts on June 1

SHOPS across the UK have until 1 June 2025 to sell off remaining stocks of single-use vapes before a nationwide ban comes into force.

The legislation, confirmed last year, follows a government consultation that showed strong support for restricting their sale and supply.

Keep ReadingShow less
Primark-London-Getty

During his 15-year tenure, Marchant expanded Primark’s store network to more than 450 locations across 17 countries in Europe and the United States. (Photo: Reuters)

Primark chief Paul Marchant steps down after misconduct probe

PAUL MARCHANT, the head of fashion retailer Primark, has resigned with immediate effect after admitting to an "error of judgment" in his behaviour towards a woman in a social setting.

Associated British Foods (AB Foods), Primark's parent company, announced his resignation on Monday.

Keep ReadingShow less
Jaguar’s bold gamble: Can it woo young, wealthy drivers with a £123k EV?

Jaguar’s bold gamble: Can it woo young, wealthy drivers with a £123k EV?

JAGUAR’S ambition to seduce younger, richer drivers was on full display in Paris with a presentation of its newest prototype, the Type 00, which promises all-electric luxury... at a steep price.

The low-slung, muscular-looking concept car presented to European reporters last Friday (21) prefigures a production model expected mid-2026 at a base cost of €150,000 (£123,472.8).

Keep ReadingShow less
Starmer-Trump-Getty

Trump has suggested the possibility of a 'great' trade deal that could help the UK mitigate the impact of tariffs he has pledged to introduce. (Photo: Getty Images)

Starmer, Trump talk trade deal progress in 'productive' discussion

KEIR STARMER and Donald Trump spoke on Sunday about ongoing UK-US trade negotiations, with Downing Street describing the talks as "productive."

Since leaving the European Union, the UK has been working to secure a trade agreement with the United States. Successive British governments have pursued a deal, but it has remained elusive.

Keep ReadingShow less