A file picture of Tesla chief Elon Musk
| Photo Credit: Reuters
Tesla chief Elon Musk has postponed a deliberate journey to India the place he was to fulfill Prime Minister Narendra Modi on April 22 and announce plans to enter the South Asian market, three folks conversant in the matter mentioned on April 20.
Reuters couldn’t instantly decide why Mr. Musk postponed the journey. Tesla and Md. Modi’s workplace didn’t instantly reply to requests for remark.
After Reuters reported his India journey 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 $3 billion, primarily to construct a manufacturing facility in India, after the federal government introduced a coverage reducing excessive tariffs on imported automobiles if firms make investments domestically, Reuters has reported.
Mr. Musk’s deliberate arrival was to have come two days after the beginning of the basic elections within the nation, by which Mr. Modi is forecast to win a uncommon third time period.
