Will Tesla eventually enter India? Modi-Musk’s conference was reportedly focused on tariffs, interstellar link licensing and space X-Tesla (NASDAQ:TSLA)

Thursday, Indian Prime Minister Narendra Modi Meet Tesla Inc TSLA and SpaceX CEO Elon Musk Blair House in Washington, DC

what happened: PM Modi takes over x,before twitterAnd said: “We discussed various issues, including his passion for things like space, mobility, technology and innovation.”

Musk also showed Modi a special gift accompanied by his three children.

Modi met with U.S. National Security Advisors before meeting with Musk Michael Waltz. Modi’s visit marks his first visit since the president Donald Trump Begin his second term.

See also: Tesla CEO Elon Musk denied possible $400 million government contract baggage for armored vehicles: “No one mentioned it to me, at least”

Why it matters: According to AsiaNews International, the discussion may revolve around Starlink India’s ambitions are currently being reviewed by the Ministry of Telecommunications.

Despite opposition from local operators, the Indian government appears to support Musk’s spectrum allocation proposal through administrative means, which they believe is undermining the “level competitive environment”.

It is reported that security issues have also been resolved, and Starlink ensures local data storage.

SpaceX and Indian Space Research Organization The report notes that it may still be on the agenda.

Musk also advocated lowering tariffs on Tesla electric vehicles and proposed exporting low-cost models to India if tariffs are lowered.

Tesla’s entry into India has always been a cycle of hope and setbacks. In 2019, Musk showed his interest first. Import and local manufacturing plans have emerged over the years, but regulatory barriers and tax cut discussions remain a barrier.

In 2023, Tesla rented an office space in Pune, and Musk met with PM Modi to discuss investment. Last year, Musk canceled his visit to India, but the Indian government proposed a new franchise of duty.

Price action: Tesla’s stock climbed 0.53% in after-hours trading to $357.81. According to Benzinga Pro data, it closed at $355.94 earlier on Thursday, reflecting a 5.77% increase.

Photo provided by Shutterstock

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Disclaimer: The content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.