Over the past few years, Musk has shown interest in launching his businesses in India but has not received adequate policy support. For instance, he had planned to launch Tesla electric vehicles in India a few years back but faced hurdles due to the high import duty. On the other hand, India has been negotiating with Musk to set up a local manufacturing unit. The government also lowered import taxes on vehicles from foreign carmakers that pledge to invest in local manufacturing. Similarly, Musk is keen to launch his satellite broadband services firm Starlink in India and has been asking for lower entry barriers.

Source: The Hindu November 07, 2024 06:08 UTC