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Elon Musk says India visit delayed due to Tesla obligations, looking forward to coming later this year
Public Lokpal
April 20, 2024
Elon Musk says India visit delayed due to Tesla obligations, looking forward to coming later this year
New Delhi : American tech billionaire Elon Musk on Saturday said his proposed visit to India has been postponed due to "very heavy Tesla obligations".
The electric carmaker Tesla CEO -- who was expected to be in India on April 21 and 22 and scheduled to meet Prime Minister Narendra Modi -- wrote on X that he is looking forward to coming to India 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 wrote on X in response to a post, which stated that his India visit planned for April 21-22 has been postponed as the reason could be that he needs to attend Tesla's earnings call on April 23.
In June last year, Musk met with Modi during the latter's US visit and stated that he planned to visit India in 2024 while expressing confidence that Tesla would enter the Indian market soon.
His proposed visit had raised expectations that he would announce plans for electric car maker Tesla to set up shop in the country, along with his satcom venture Starlink.
It was also expected that Musk would announce plans for Tesla to set up its manufacturing unit in India and investments for the same that could be to the tune of billions of dollars and the way forward for selling Tesla electric cars in India at the earliest.
His planned visit to India came weeks after the government announced a new electric vehicle policy, under which import duty concessions will be given to companies setting up manufacturing units in the country with a minimum investment of USD 500 million, a move aimed at attracting major global players like Tesla.
PTI
