By: Reuters
| Updated on: 20 Apr 2024, 10:00 AM Share via: <!–
- Tesla chief Elon Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi on Monday and announce plans to build a Tesla factory.
–> Tesla chief Elon Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi on Monday and announce plans to build a … Read more Elon Musk’s India trip has been reportedly postponed. However, the reason for the same is yet to be ascertained Tesla chief Elon Musk has postponed a planned trip to India where he was to meet Prime Minister Narendra Modi on Monday and announce plans to enter the South Asian market, three people familiar with the matter said on Saturday. Reuters could not immediately determine why Musk postponed the trip. Tesla and Modi’s office did not immediately respond to requests for comment. After Reuters reported his India trip plans on April 10, the CEO posted on X: “Looking forward to meeting with Prime Minister Narendra Modi in India!” Also Read : ‘Looking forward’: Elon Musk confirms upcoming meeting with PM Narendra Modi In New Delhi, Musk was expected to announce an investment of $2 billion to $3 billion, mainly to build a factory in India, after the government announced a policy lowering high tariffs on imported cars if companies invest locally, Reuters has reported. Musk’s planned Sunday arrival was to have come two days after the start of India’s national election, in which Modi is forecast to win a rare third term. First Published Date: 20 Apr 2024, 09:59 AM IST
Source: hindustantimes.com