In what could be one of the biggest “Make in India” successes for the PM Narendra Modi-led government, one of the world’s biggest car manufacturers has entered India. Elon Musk has finally brought Tesla Motors in India.
After a very long wait, Elon Musk’s electric vehicle giant Tesla has officially registered with the Registrar of Companies in India at its Bengaluru branch. Tesla India Motors and Energy Private Ltd has been incorporated in Bengaluru on January 8, according to filings available with the Ministry of Corporate Affairs.
In India, the company is not only focusing on the automobile sector but is also looking forward to investing in the Telecom sector in future. If this happens, there is a huge risk to Mukesh Ambani’s Reliance Jio, which is ruling India’s telecom sector. But it may benefit consumers as they can get the fastest internet at low price.
Gaurav Gupta, principal secretary, commerce & industries of Karnataka has been quoted in reports saying that they have been, “Interacting with Tesla for the last few months and it is happy news that they have decided to incorporate their company here. We have impressed upon them that Bengaluru is not only the technology capital but also the aerospace and space capital. For any kind of technology collaboration, it has the right kind of talent pool.”
Industries minister Jagadish Shettar tells India Today TV that he welcomes Tesla and Elon Musk to Bengaluru and Karnataka. “Tesla is registered in Karnataka as a company now for commercial activity. Officials are in touch with Tesla company but it is too soon to speculate about investment and land where they’ll do manufacturing. It’s only a company that is registered now,” he said.
Musk’s Space Exploration Technologies Corp. has launched more than 1,000 satellites for its Starlink internet service and is signing up early customers in the U.S., U.K. and Canada. SpaceX has told investors that Starlink is angling for a piece of a $1 trillion market made up of in-flight internet, maritime services, demand in China and India — and rural customers such as Brian Rendel.
Rendel became a Starlink tester in November after struggling for years with sluggish internet speeds at his 160-acre farm overlooking Lake Superior in Michigan’s Upper Peninsula. After he paid about $500 for the equipment, FedEx arrived with a flat dish and antenna. For $99 a month, Rendel is now getting speeds of 100 megabytes per second for downloads and 15 to 20 for uploads — far faster, he says, than his previous internet provider.
Reliance Jio is currently ruling the telecom sector of India. In such a situation, if Elon Musk invests in the telecom sector soon, it will have direct competition with Reliance Jio. Ever since Reliance Jio came into the market, the number of Internet users are increasing in India. There are currently 65 crore active internet users in India. However, offering 5G and 6G services to users will be challenging for Elon Musk. In addition, companies such as Facebook are also working on expanding Internet services to cover villages.