Tesla CEO Elon Musk’s visit to India has been temporarily postponed, according to a news report. Musk was scheduled to visit India on April 21 and 22 to meet Prime Minister Narendra Modi and announce his plans to enter the Indian market.
While the specific reasons behind the postponement remain undisclosed, reports suggested that Musk’s schedule may have conflicted with an upcoming engagement.
Elon Musk on the X platform wrote, “Looking forward to meeting with Prime Minister Narendra Modi in India,” on April 10, 2024.
Musk and PM Modi last met in New York in June and Tesla has continued for months lobbying India to lower import taxes on electric vehicles while it weighed up a factory in the country.
Tesla has been on the hunt for a local partner to establish an EV unit in India. Citing sources, the English daily said, Tesla is in talks with Mukesh Ambani’s Reliance Industries (RIL) to form a joint venture to set up a EV facility in the country.
Musk was reportedly poised to disclose plans for injecting nearly ₹3 billion into the Indian market, primarily earmarked for the establishment of a new manufacturing facility.
The FDI and financial aspects are in sync with the requirements and conditions, the report said, adding that the ownership ‘declaration’ has also been received from Starlink.
