Key Points:
- Elon Musk postponed his planned trip to India, where he was set to meet Prime Minister Narendra Modi and announce Tesla’s entry into the Indian market.
- The reason for the delay remains undisclosed, with neither Tesla nor Prime Minister Modi’s office providing immediate comments.
- Musk had expressed enthusiasm for the visit in a post on X, indicating his anticipation of meeting with Prime Minister Modi.
- During his visit, Musk was expected to unveil a $2 billion to $3 billion investment plan to establish a Tesla factory in India.
Tesla CEO Elon Musk has deferred his planned visit to India, according to sources familiar with the matter. He was scheduled to meet Prime Minister Narendra Modi on Monday and unveil Tesla’s entry into the South Asian market.
The reason for Musk’s trip’s postponement remains unclear, as neither Tesla nor Prime Minister Modi’s office has provided immediate comments. The anticipation for Musk’s visit had been high.
The decision to delay Musk’s visit comes after initial reports surfaced on April 10, revealing his intentions to meet with Prime Minister Modi during his trip to India. Musk expressed excitement about the trip in a post on X, stating, “Looking forward to meeting with Prime Minister Narendra Modi in India!”
During his visit to New Delhi, Musk was expected to announce a significant investment of between $2 billion and $3 billion, primarily aimed at establishing a factory in India. This investment plan aligned with the Indian government’s recent policy to reduce high tariffs on imported cars provided that companies make local investments.
Musk’s intended arrival on Sunday was strategically timed, coming just two days after the commencement of India’s national election. Prime Minister Modi is anticipated to secure a rare third term in office, adding further significance to Musk’s proposed meeting with him.
