Elon Musk congratulates Prime Minister Modi on his election victory and plans significant investments in India.

Elon Musk, CEO of Tesla and SpaceX, congratulated Indian Prime Minister Narendra Modi on his re-election for a record third term. Musk highlighted his excitement for his firm’s future ventures in the country in a post on X, the social media site that replaced Twitter.

“Congratulations, @narendramodi, on your victory in the world’s largest democratic elections,” Musk wrote. “I look forward to my companies doing exciting work in India,” he added.

This congratulatory letter comes amid mounting anticipation for Musk’s planned trip to India, which was originally scheduled for April but was postponed due to “very heavy Tesla obligations.” Musk was scheduled to visit the country on April 21 and 22 to meet with Prime Minister Modi. However, he confirmed that the visit would take place later this year.

“Unfortunately, very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting later this year,” Musk said on X.

Musk and Modi earlier met in June of last year in the United States, during which Musk expressed optimism that Tesla, along with Starlink, his satellite internet firm, would soon enter the Indian market. During their conversation, Musk identified himself as a “fan of Modi” and praised the Prime Minister’s efforts to push Tesla to invest significantly in India.

“He [Modi] really cares about India because he’s pushing us to make significant investments there, which we intend to do,” Musk told reporters during their 2023 meeting. “I am confident that Tesla will be in India and will do so as soon as humanly possible.”

Tesla’s intentions for India include establishing a manufacturing plant and making significant investments. Last year, Tesla addressed the Indian government about lowering import duties on its vehicles, which was viewed as a preliminary step towards creating a more significant presence in the Indian market.

The re-election of Narendra Modi, as well as the ongoing talks between Musk and the Indian government, point to a potential acceleration of Tesla’s entry into India. This move is consistent with Modi’s broader economic programme, which includes a push for technical improvements and increasing foreign investment.

President Draupadi Murmu has chosen Prime Minister Modi to take the oath of office for his third term on Sunday, and the National Democratic Alliance (NDA) has secured 293 of the Lok Sabha’s 543 seats. Under his leadership, India continues to attract global corporate leaders such as Elon Musk, indicating potential opportunities and growth for the country’s developing technology and manufacturing industries.