HomeBusinessElon Musk's announcement to postpone visit to India, why? know

Elon Musk’s announcement to postpone visit to India, why? know

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Tesla founder Elon Musk announced the postponement of his visit to India, where he was scheduled to meet Prime Minister Narendra Modi, The Times of India reported, citing his post on social media platform X, formerly Twitter.

His trip has been hyped for several days, because the billionaire is expected to announce the long-awaited plans to make Tesla electric cars in the country.

The trip was originally scheduled for April 21 and 22, but has now been postponed to a date later this year, which has yet to be announced.

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During his two-day visit to India, he is scheduled to meet Modi, several executives from various space companies, and is expected to announce an investment of at least $2 to $3 billion, as reported. The development of entry-level electric cars is believed to be the Model 2.

News of Musk’s visit to India comes weeks after the Modi government announced a new electric vehicle policy that will grant import duty concessions to companies that spend at least $500 million on electric vehicles. which plans to set up manufacturing units in the country with an investment of Rs.

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