Elon Musk delays India visit due to very heavy Tesla obligations
8 months ago

Elon Musk delays India visit due to very heavy Tesla obligations

Deccan Chronicle  

Tesla CEO Elon Musk has delayed his trip to India. In a post replying to a news report that cited the delay of his India Trip, Elon Musk posted on X "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 was also expected to disclose details of the automobile major's plans for the country, going forward.It was reported earlier that Tesla officials were exploring potential sites in India for a manufacturing plant, which is anticipated to necessitate an investment of approximately USD 2 billion. Tesla's interest in expanding its presence in the Indian market has intensified, with the company actively searching for a suitable location to establish a cutting-edge manufacturing facility.According to sources, both the state governments of Maharashtra and Gujarat have reportedly extended attractive land offers to Tesla for this purpose, signalling significant progress in India's electric mobility landscape. Moreover, Tesla's entry into the Indian market holds immense promise for the country's economy and environment.The establishment of a manufacturing plant and increased procurement of auto parts from India are expected to create jobs, foster economic growth, and strengthen the domestic manufacturing ecosystem.

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