Tesla CEO Elon Musk told India’s Prime Minister Narendra Modi this week that the EV maker will expand into the country which offers U.S. corporations a massive growth opportunity.
"I am confident that Tesla will be in India and will do so as soon as humanly possible" Musk said according to Reuters.
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Musk, who will make a trip to India next year, met with Modi in New York on Tuesday also added the Modi has been pushing the automaker for a "significant" investment in the country.
Musk said India has tremendous potential for sustainable energy production, beginning with solar and wind energy generation.
The two celebrated their meeting in a Tweet back-and-forth.
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Over the last month, Tesla shares have skyrocketed roughly 50% as the company mulls a new location in Europe, and Hyundai considers following Ford and GM in adopting the car manufacturer’s North American charging standard for EVs.
India has been a focus for U.S. company expansion since Apple began manufacturing the iPhone in the country back in 2017.
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In April, the technology giant opened its first Apple Store locations in Mumbai and Delhi, along with new environmental initiatives and a key milestone in the rapidly growing community of Indian developers.
CEO Tim Cook was on hand for the debuts celebrating alongside employees.
Apple shares have gained 41% this year, outpacing the Nasdaq Composite's 29% jump.
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Reuters contributed to the report.
