Tesla (TSLA) CEO Elon Musk hinted Tuesday evening that the global EV behemoth will likely make a significant investment in India in the near future.

Musk met with India's Prime Minister Narendra Modi in New York City on Tuesday and later told reporters that Tesla will "quite likely" have a presence in the country soon.

"We don't want to jump the gun on an announcement, but it's quite likely that there will be a significant investment and relationship in the future," Musk said on Tuesday.

The Tesla CEO also stated that he intends to visit India next year.

During premarket trading on Wednesday, Tesla stock rose 0.3%. On Tuesday, the stock rose 5.3% to 274.31.

Musk and Modi held their meeting as several countries jockey for new Tesla manufacturing plants.

Last week, Musk met with French President Emmanuel Macron and Italy's Prime Minister Giorgia Meloni.

It was reported earlier this month TSLA was in talks to make an "automotive investment," possibly a vehicle plant, in Valencia, Spain. Other reports circulated in June said Tesla had agreed in-principle with a plan to set up a manufacturing plant in India.

Neither Tesla nor Musk have committed to firm plans for a new manufacturing facility in Europe or India.