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PM Narendra Modi met Tesla and SpaceX CEO Elon Musk, in New York, USA, final yr. (Image: PTI/File)
In a put up on X, the Tesla CEO stated he appears ahead to visiting the nation later this yr
Elon Musk’s India go to, scheduled for April 21 and 22, has been postponed, the Tesla CEO posted on social media platform X, hours after CNBC-TV18 reported the event on Saturday, quoting a number of sources acquainted with the go to.
Musk was to meet Prime Minister Narendra Modi and announce plans to enter the India market.
“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,” he stated.
On April 10, Musk had posted on social networking platform X that he was trying ahead to assembly PM Modi. Just a couple of weeks earlier than the deliberate go to, the Indian authorities had notified a brand new electrical car manufacturing coverage permitting the federal government to give obligation concessions to electrical automotive firms committing to Make in India.
Unfortunately, very heavy Tesla obligations require that the go to to India be delayed, however I do very a lot look ahead to visiting later this yr.— Elon Musk (@elonmusk) April 20, 2024
At current, vehicles imported as utterly constructed items (CBU) appeal to customs obligation starting from 70 per cent to 100 per cent, relying on the engine measurement and value, insurance coverage and freight (CIF) worth. Among the big international locations of the world, India has the best import duties on vehicles.
Sources had earlier stated Musk was probably to current a roadmap for whole funding of round 20-30 billion {dollars} in India. However, there have been probabilities that the Starlink settlement might not occur throughout this go to.
In an interview to information company ANI, the prime minister was requested about how Musk had stated he was a “Modi fan”. “Look, the first thing saying that Elon Musk is a supporter of Modi is one thing, basically, he is a supporter of India. And I just met him. It’s not like that,” Modi stated.
Modi stated he met Musk twice earlier than – as soon as throughout a manufacturing facility go to in 2015 and the opposite, most just lately, throughout his state go to to the US final yr. Recalling the manufacturing facility go to in 2015, he stated the Tesla CEO had cancelled his pre-scheduled dedication to meet him.
“He showed me everything in his factory. And I understood his vision from him. I went there just now (to the US in 2023) and met him again. And now he is about to come to India,” the PM instructed ANI.
In June final yr, Musk had met Modi in the course of the prime minister’s US go to. The Tesla CEO had then stated he deliberate to go to India in 2024, whereas expressing confidence that the corporate will enter the Indian market quickly.
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