A file photograph of Tesla chief Elon Musk.
| Photo Credit: Reuters
Tesla chief Elon Musk has postponed a planned trip to India the place he was to meet Prime Minister Narendra Modi on April 22 and announce plans to enter the South Asian market, three individuals accustomed to the matter stated on April 20.
“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,” Mr. Musk posted late on Friday on his social media platform X.
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!”
In New Delhi, Mr. Musk was anticipated to announce an funding of $2 billion to $three billion, primarily to construct a manufacturing unit in India, after the federal government introduced a coverage reducing excessive tariffs on imported vehicles if corporations make investments domestically, Reuters has reported.
Mr. Musk’s deliberate arrival was to have come two days after the beginning of the general elections in the country, by which Mr. Modi is forecast to win a uncommon third time period.