Tesla CEO Elon Musk’s two-day visit to India, where he was supposed to announce plans to enter the Indian market, has been postponed. Elon Musk was scheduled to visit India on April 21 and 22 and meet Prime Minister Narendra Modi. In a post on X, Elon Musk said his visit to India had to be delayed due to “very heavy Tesla obligations”. “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,” the SpaceX CEO tweeted.
Musk has to reportedly attend a crucial conference call on April 23 in the United States to answer questions about Tesla’s first quarter performance.
Last week, Musk posted on X that he was “looking forward” to meeting PM Modi.
Musk, who also owns SpaceX, was expected to announce an investment of $2-3 billion to build a factory for entry-level cars amid the long-awaited Tesla Inc’s entry into the Indian market. Recently, the government announced a policy lowering high tariffs on imported cars if firms invest locally. The billionaire entrepreneur was also expected to unveil plans to introduce Starlink, a satellite network that provides high-speed internet connection.
Musk, the world’s fourth-richest man, was also expected to meet Indian space tech startups during his visit. The government had reportedly invited companies like Skyroot Aerospace, Dhruva Space, Piersight, and Digantara for talks with the SpaceX CEO in New Delhi. PM Modi has met Elon Musk twice before — during a Tesla plant visit in 2015 and during his state visit to the US in 2023. In a recent interview, PM Modi said Musk was a supporter of India.