Tesla founder Elon Musk has announced to postpone his trip to India, where he was scheduled to meet Prime Minister Narendra Modi, citing his post on social media platform X.
The billionaire was expected to reveal the eagerly anticipated proposal to manufacture Tesla electric cars in the country, so there had been a lot of excitement surrounding his visit for a few days.
The trip has been postponed until a later date in the year that has not yet been disclosed. Originally, it was planned for April 21 and 22.
He was expected to announce at least a $2–$3 billion investment during his two days in India. He was expected to meet with Modi and a number of executives from various space-related start-ups. He reportedly plans to establish a factory to produce entry-level electric cars, which are rumored to be Model 2.
The announcement of the Modi government’s new electric vehicle policy, which included a $500 million minimum investment requirement for businesses planning to establish manufacturing facilities there, preceded news of Musk’s visit to India by several weeks.
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