Elon Musk Looking Forward For ‘Exciting Work’ In India
New York/Internet/Hyderabad, June 8 (Maxim News): American tech billionaire Elon Musk said he is looking forward to his companies doing “exciting work” in India, as he congratulated Prime Minister Narendra Modi on his historic election victory.
Click Here To Join Us On WhatsApp
Modi will be administered the oath of office on June 9, his third consecutive term as Prime Minister “Congratulations @narendramodi on your victory in the world’s largest democratic elections! Looking forward to my companies doing exciting work in India,” Musk, 52, said in a post on X.
The congratulatory message came two months after the CEO of the electric carmaker Tesla and microblogging platform X in April postponed his proposed visit to India due to “very heavy Tesla obligations”.
Click Here To Join Us On WhatsApp
Musk – who was expected to be in India on April 21 and 22 and scheduled to meet Prime Minister Modi – later wrote on X that he is looking forward to coming to India later this year.
In June last year, Musk met with Modi during the latter’s US visit and stated that he planned to visit India in 2024 while expressing confidence that Tesla would enter the Indian market soon.
Click Here To Join Us On WhatsApp
His proposed visit had raised expectations that he would announce plans for electric car maker Tesla to set up shop in the country, along with his sitcom venture Starlink.
It was also expected that Musk would announce plans for Tesla to set up its manufacturing unit in India and investments could be to the tune of billions of dollars and the way forward for selling Tesla electric cars in India at the earliest.
Click Here To Join Us On WhatsApp
Not just electric cars, he is also eyeing the Indian market for his satellite internet business Starlink, for which regulatory approvals are awaited.
Musk had in the past sought import duty reduction in India for it to be able to sell Tesla cars in the country. Musk’s plan to visit India in April came on the heels of the government announcing a new electric vehicle policy, under which import duty concessions will be given to companies setting up manufacturing units in the country with a minimum investment of $500 million, a move aimed at attracting major global players like Tesla. (Maxim News)
Next Story :
-
Gold Rates In Hyderabad Today Surge On 21 May, 2025
![Gold Rates In Hyderabad Today Surge On 21 May, 2025]()
The gold rates today surged in Hyderabad on 21 May, 2025. Going by the rates today, the price of one tola of 22-carat gold is Rs. 89,300 with a hike of Rs. 2200 while the rate of one tola of 24-carat gold is Rs. 97,420 with a hike of Rs. 2400.
-
Venue Change For SRH vs RCB Match! From Bengaluru To Lucknow
![Venue Change For SRH vs RCB Match! From Bengaluru To Lucknow]()
The Board of Control for Cricket in India (BCCI) has delivered an unexpected shock to Royal Challengers Bangalore (RCB). The crucial Indian Premier League (IPL) match scheduled for May 23 between Royal Challengers Bangalore (RCB) and Sunrisers Hyderabad (SRH), which was to take place at the M. Chinnaswamy Stadium in Bengaluru, has now been shifted…
-
CM Chandrababu Naidu To Attend NITI Aayog Meet In Delhi Today
![CM Chandrababu Naidu To Attend NITI Aayog Meet In Delhi Today]()
Andhra Pradesh Chief Minister Nara Chandrababu Naidu will attend the NITI Aayog Government Council meeting during his three-day visit to New Delhi, beginning on May 22.
Now you can get the latest stories from Indtoday on Telegram every day. Click the link to subscribe. Click to follow Indtoday’s Facebook page, Twitter and Instagram. For all the latest Hyderabad News updates
