Tesla CEO Elon Musk has postponed his visit to India due to significant obligations related to Tesla. Musk responded to a news report about the delay of his trip by stating 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 had plans to meet Prime Minister Narendra Modi during his visit to India. Last week, he confirmed his upcoming first visit to India and expressed his anticipation of meeting PM Modi. Musk shared on X, “Looking forward to meeting with Prime Minister @NarendraModi in India!”
During his visit, Musk was also expected to reveal Tesla’s future plans for the Indian market.
Previously, reports suggested that Tesla officials were scouting potential locations in India for a manufacturing plant, which could require an investment of around USD 2 billion. Tesla’s keen interest in expanding its presence in India has led to active exploration of suitable sites for a state-of-the-art manufacturing facility.
Sources indicate that both Maharashtra and Gujarat state governments have offered attractive land deals to Tesla for this purpose, indicating significant progress in India’s electric mobility sector. The proposed manufacturing plant, with estimated investments ranging from USD 2 billion to USD 3 billion, aims to address both domestic and international demand for Tesla’s electric vehicles. This initiative aligns with India’s new EV policy, which aims to promote sustainable transportation and reduce carbon emissions.
India’s EV scheme aims to position the country as a preferred manufacturing destination for EVs equipped with advanced technology. It seeks to attract investments from global EV manufacturers, encourage the adoption of advanced EV technology among Indian consumers, and support the Make in India initiative. Tesla’s entry into the Indian market holds great potential for the country’s economy and environment.
The establishment of a manufacturing plant and increased procurement of auto parts from India are expected to generate employment opportunities, stimulate economic growth, and enhance the domestic manufacturing ecosystem.