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Hello, this is CNBC International’s Executive Editor Spriha Srivastava, who wrote from London. This week, India’s relations with India finally, finally, he was finally acting and really.
This report is from CNBC’s “India” newsletter. As you can see? You can subscribe here.
The great story
India has long been in the radar of elon dusk. But for years, relations are mainly in the headlines and half.
Do you remember 2024? Musk was established to fly to the New Delhi to meet with Prime Minister Modi – until the last moment was canceled and in Beijing in Beijing.
Anyway, let’s take a step here. Tesla, in 2021, was seriously interested in the Indian market, only the negotiations on import duties only sheles their plans. Starlink, Musk’s Satellite Internet Enterprise began to receive pre-booking in 2021, but after the regulatory barriers, the company had to take a break. For a better part of the last ten years, the ambitions of Indian ambitions of the murky remained only.
Finally begins to change.
Last weeks became interesting for Musk-Indian relations. Tesla opened his first hall in the Bandra Kurla complex in Mumbai. Starlink approved the necessary regulation to start commercial services in India. All this comes from Musk a few weeks after the Musk, which celebrates a wider change in the global strategy from US President Donald Trump.
Elon Musk, on February 13, 2025 meets the Indian Prime Minister Narendra Modi at the US Washington DC.
Anatolia | Anatolia | Getty pictures
So why are the sudden?
At a level, India, Musk offers a new flight to growth in China and the United States, at a time. For the Government of India is a victory in the world’s highest profile entrepreneurs, a victory in the country’s “India” ambitions, especially in clean technological and digital infrastructure. While the headlines agree, the realities in the ground show that it is in the early stages.
Let’s look at the current state of Tesla in India. The idea is not at least yet mass market preferences. This is going to plant a flag in the reward segment. On the global scale, Tesla’s most popular car, officially landed in 7 million rupees ($ 79,000). India’s best-selling cars to put this in the future, usually cost a part of it. India is not compatible with one-dimensional – all the market. Along with the extensive valuable market, global brands are available to a large-screaming luxury segment. BMW, Mercedes and Audi are expanding the proposals of electric vehicles in India and the Tesla is now.
Mumbai hall is just the first step. India’s new policy framework reduces import duties for companies that want to produce local. In fact, in April 2024, the Tesla began exploration in the places of $ 3 billion for the potential home factory in India. This could be a key to a core, potentially increased the operation of the supply chain, and the creation of new jobs. But now, not a sprint, is a slow structure.
And then there is a charging problem. Home setting in India differs in other markets. The view of two and three-wheeled electric vehicles is dominated and most are charged at home using standard bodies. Therefore India has not yet developed the widespread driving infrastructure you have seen in China or the United States
For Tesla’s luxury buyers, it cannot be discussed quickly charging. They expect comfort, and this, especially the demand concentrate, in many cities such as Mumbai, Delhi and Bengaluru need to invest in a large number of cities. Tesla began to hire for these roles in India, but it will take time to set up this network.
Increasing antennas
Pushing the house, Starlink’s entering India can be solved a completely different market: Village Internet. Cheap mobile data burned India’s internet boom in the last decade, but in the area where the rural areas are in areas where the fiber liberal is expensive and logically difficult. StarLink’s solution is to use these obstacles directly from the Internet to the Internet from space.
But: Satellite Internet is not cheap. Starlink’s service is usually worth $ 100 per month, which is much more than the more Indian consumers do the Internet. This shows that the real game is likely to be state contracts and partnerships, which are remote businesses, which need a connection, regardless of state schools, health provider and expenses. Starlink’s Review Jio and Bharti Airtel, it is reported cooperation with Telecom giants, which shows the joint approach to its ministry.
The time of all this is also interesting. The pivot of the musk is coming after the trap of the public after disagreement on the Pivot of India, in June, tariffs and subsidies. Whether these two things are directly connected, it is controversial, but it is difficult to ignore the coincidence. At least, this is part of a wider international diversification strategy for more advanced musk than the political relations of US relations.
Tesla and Starlink’s arrival for Indian consumers means new technological options, which is primarily aimed at the wealthy and high-level rural segments. For investors, the musk plays increased signals to confidence in the long-term growth story of India. Like other global technological and domestic giants, the success of a musk may mark the beginning of a new wave of a new wave to India.
Musk has been talking about India for many years. This time difference? Land works are placed. The next few months will show that this is finally in a sustainable thing or in complex, in another chapter in the starting relationship.
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– Yeo Boon Ping
In the markets
Indian markets traded down on Thursday.
Benchmark Oily 50 0.12% decreased, the BFE sensex index decreased by 0.16% at 12:15 local time (2:45 am).
The assessment is less than 6.308% of the 10-year Indian government’s bonds.
– Amala Balakrisner
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