
Elon Musk’s persistent efforts to establish a foothold in India’s burgeoning electric vehicle (EV) market may have finally borne fruit. Prime Minister Narendra Modi’s invitation to Musk to open a Tesla “gigafactory” aligns with India’s push to revitalize its manufacturing sector, while Musk sought relief from tariffs hindering foreign-made Teslas’ competitiveness. On March 15, the Indian government unveiled a new scheme incentivizing EV investment. Companies investing $500 million in new manufacturing facilities,…