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Tesla CEO Elon Musk, who is also the owner of social media platform X, has postponed his much-anticipated visit to India, where he was expected to meet Prime Minister Narendra Modi and make announcements related to Tesla's plans to enter the Indian market.
According to reports, Musk was reportedly scheduled to visit India on April 21 and 22.
"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 wrote in a post on X on Saturday.
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.
— Elon Musk (@elonmusk) April 20, 2024
Last week, Musk said that he is "looking forward to meeting with Prime Minister Narendra Modi in India"
Looking forward to meeting with Prime Minister @NarendraModi in India!
— Elon Musk (@elonmusk) April 10, 2024
Earlier, It was reported that Tesla will send a team from the United States to India by late April to study potential sites, focusing on states known for their automotive hubs, such as Maharashtra, Gujarat, and Tamil Nadu.
The report about Tesla’s plan to set up a plant in India follows the Centre’s decision to cut import taxes on some EVs for companies that pledge at least $500 million (Rs 4,150 crore) in investment and a manufacturing plant within three years.
The development also comes just days after the Centre held its first set of consultation meetings with automobile industry players, including Tesla representatives, to evolve guidelines to operationalise the new Electric Vehicle (EV) policy released last month.
The guidelines are expected to provide more clarity on investments in EV manufacturing in the country, which is at a nascent stage in the country.