Elon Musk, the enigmatic CEO of Tesla, has reportedly pushed back his eagerly awaited trip to India, as per sources cited by CNBC-TV18. The precise reasons for the delay remain undisclosed, leaving many speculating, as reported by Business Today.
Originally slated for April 21-22, Musk’s visit aimed to include meetings with Prime Minister Narendra Modi and unveil Tesla’s strategic plans for entering the Indian market. Musk’s announcement of the visit earlier this month generated considerable buzz globally, especially given his tweet expressing anticipation to meet PM Modi.
Rumors abound that Musk’s visit could involve discussions about establishing Tesla’s manufacturing presence in India, fueling speculation tied to a recent government notification regarding electric vehicle manufacturing policy. This policy allows for duty concessions to companies committing to manufacturing in India.
Initially planned for a 48-hour stay, Musk’s itinerary included engagements with PM Modi, space startups, and key business figures. Moreover, Musk was expected to participate in discussions with startups at Bharat Mandapam, an exhibition hall.
However, uncertainties linger over whether discussions on the Starlink agreement will transpire during this visit, pending final approval from India’s Ministry of Home Affairs. The timing of the postponement coincides with looming major elections in the country, potentially influencing the formalization of agreements during Musk’s visit.
Despite the setback, Musk’s previous interactions with PM Modi in 2021 underscore his steadfast commitment to penetrating the Indian market. Musk had previously expressed confidence in Tesla’s imminent entry into India during the PM’s visit to the US last year.
As anticipation mounts, the delay underscores the complexities inherent in navigating international engagements amid shifting political landscapes and regulatory processes.
