Morgan Stanley analyst Adam Jonas noted that Bloomberg quoted Indian Transport Minister Nitin Gadkari as having made comments at the India Global Forum that India is building electric charging stations along “select highways” and made references to Tesla potentially stepping up senior management recruiting in the country. Jonas, who argues that Tesla India is “going to start getting serious investor attention” in the coming months and quarters, notes that the firm’s India team forecasts Indian battery electric vehicle volume to surpass 200,000 units by 2025 and for the Indian BEV market to account for 10% of global BEV volume by 2035. Jonas keeps an Overweight rating and $900 price target on Tesla shares.