Key Points
The Tesla CEO was due to arrive in India next week for a visit that was expected to include a meeting with Prime Minister Narendra Modi and confirmation that Tesla will build a factory in the worlds most populous country.. . 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 posted on X on Saturday.. . Musk posted last week on X that he was looking forward to meeting Modi.. ..
He was also planning to meet leaders of Indian space tech startups during his visit, including Pawan Chandana, co-founder of SkyrootAerospace, which launchedIndias first privately developedrocket in 2022..
Apart from Tesla (TSLA), Musk is also the boss of rocket company SpaceX and X, formerly Twitter.. . Currently theworlds fourth-richest man, Musk was expected to announce an investment of $2 billion to $3 billion in India, mainly for building the new Tesla factory, Reutersand the Financial Timesreported, citing anonymous sources.. ..
You might be interested in
German Chancellor Olaf Scholz arrives in India on 2-day visit
25, Feb, 23German Chancellor Olaf Scholz arrived in India on Saturday on a two-day visit that is expected to further expand the overall bilateral relations in a number of key areas, including new technologies, clean energy and trade and investment.
Decoding Elon Musk giving India visit a miss
23, Apr, 24Elon Musk might visit India in October this year but April 23 is crucial for the Tesla CEO. Here's why.
Elon Musk pitches for India after meeting PM Modi in New York
21, Jun, 23PM Modi in US: The Tesla boss declared himself a 'fan' of prime minister Modi in their first meeting since he bought Twitter for $44 billion last year. | World News
View: Modi shouldn't chase Musk to Make in India
04, Dec, 23According to Bloomberg News, the two sides may now be close to an agreement that would slash tariffs on Tesla imports from 2024, as long as the company sets up a factory in India within the next two years. Tesla may invest $2 billion in the plant and commit to buying as much as $15 billion worth of inputs from domestic automotive component producers.
Elon Musk meets Modi, says Tesla is looking to invest in India
21, Jun, 23Tesla CEO Elon Musk plans to invest in India as soon as humanly possible and aims to set up a manufacturing base in the country, he said after meeting with Prime Minister Narendra Modi in New York. Musk said Tesla would announce its Indian entry soon, and praised the country's potential for a sustainable energy future, particularly in the electric vehicles sector. Modi had pushed for Tesla to make significant investments in India during the talks.
‘I am a fan of Modi’: Tesla CEO Elon Musk after meeting PM in New York
21, Jun, 23Elon Musk said he had a "very good" conversation with PM Modi, and that the maker of electric vehicles will try to be in India "as soon as humanly possible." | Latest News India
Elon Musk congratulates PM Modi, says looking forward to 'exciting work' in India
09, Jun, 24Elon Musk congratulated Prime Minister Narendra Modi on his re-election and expressed anticipation for his companies' involvement in India.
Elon Musk is heading to India. He could deliver a big win for Tesla and Narendra Modi
20, Apr, 24Tesla may be close to unlocking a massive new market.
Is Tesla coming to India? Elon Musk sparks speculation after following Prime Minister Narendra Modi on Twitter
11, Apr, 23In May 2022, Elon Musk acknowledged that Tesla was thinking about opening a factory in India.