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Tesla CEO Elon Musk postpones India visit for unknown reasons: Report
Livemint
ยท
1y ago
Medial
The planned visit of Elon Musk, the CEO of Tesla, to India has been postponed for undisclosed reasons. It was reported that Musk's schedule may have clashed with another engagement. Musk had expressed his anticipation to meet with Prime Minister Narendra Modi in India. Tesla has been lobbying India to lower import taxes on electric vehicles as it considers setting up a factory in the country. There have also been talks of Tesla forming a joint venture with Reliance Industries to establish an EV facility in India. Additionally, Musk's satellite venture Starlink is awaiting approval for its license application in India.
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Elon Musk apologizes after Piyush Goyal's visit to Tesla Fremont factory
Livemint
ยท
1y ago
Medial
Elon Musk, CEO of Tesla, apologizes to India's commerce minister, Piyush Goyal, for not being able to meet him during his visit to Tesla's factory in California. Musk expresses his gratitude for Goyal's visit and hopes to meet him in the future. Goyal praises India's contribution to Tesla's journey and states that the company is set to increase its imports from India. Speculation arises about tax concessions for Tesla to establish an EV manufacturing facility in India.
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Tesla CEO Elon Musk to visit India, meet PM Modi and announce investment plans: Report
Thehindubusinessline
ยท
1y ago
Medial
Elon Musk, the CEO of Tesla, plans to visit India in April to meet with Prime Minister Narendra Modi. During the visit, Musk is expected to make an announcement regarding Tesla's investment plans and the opening of a new factory in India. Tesla has been lobbying for lower import taxes on electric vehicles in India and has been in talks to set up a manufacturing plant in the country. India recently unveiled a new EV policy that lowers import taxes for manufacturers who invest at least $500 million and set up a factory.
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Elon Musk coming to India this month, may announce Tesla's India plan during meeting with PM Modi
Economic Times
ยท
1y ago
Medial
Tesla CEO Elon Musk is scheduled to visit India later this month to meet with Prime Minister Narendra Modi. During the visit, Musk is expected to announce his plans to invest in and open a new factory in the country. Sources reveal that the meeting is planned for the week of April 22 in New Delhi. Tesla officials are also expected to explore potential sites for a manufacturing plant that would require an investment of approximately $2 billion. Neither Modi's office nor Tesla have commented on the matter.
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PM Modi likely to meet Elon Musk during US visit: Report
Economic Times
ยท
6m ago
Medial
Tesla CEO Elon Musk is expected to meet Indian Prime Minister Narendra Modi during Modi's visit to the United States next week. Modi's visit, scheduled from February 12 to 14, includes meetings with select chief executives, likely including Musk on February 13. While Musk has shown interest in Tesla entering the Indian market, there is no official confirmation of the meeting yet. Musk might also discuss Starlink approvals and collaboration with the Indian Space Research Organisation.
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Now, Rajasthan Joins The Race To Attract Tesla India Plant
Inc42
ยท
1y ago
Medial
Tesla executives have reportedly met with the government of Rajasthan, India, as they search for a suitable location to set up manufacturing facilities in the country. Other states, including Gujarat, Tamil Nadu, and Maharashtra, are also in the running. Tesla CEO Elon Musk is visiting India on 21-22 April, where he is expected to meet with Prime Minister Narendra Modi and make major announcements regarding Tesla and Starlink. Additionally, Musk will meet with spacetech startups during his visit. India recently introduced a policy to incentivize EV manufacturers to establish manufacturing plants in the country.
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Elon Musk To Meet PM Modi In April, Disclose Investment Plans
Inc42
ยท
1y ago
Medial
Tesla CEO Elon Musk is expected to visit India later this month and meet with Prime Minister Narendra Modi. During the meeting, Musk may announce plans to invest in and establish a new manufacturing facility in the country. Talks are also underway between Tesla and Reliance Industries for a potential joint venture. India has recently reduced import taxes on electric vehicles in an effort to encourage investment and domestic manufacturing. Tesla is looking to enter the Indian market, as demand for EVs in its primary markets of the US and China has been declining.
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Tesla CEO Elon Musk's unannounced Beijing visit targets FSD approval
Livemint
ยท
1y ago
Medial
Tesla CEO Elon Musk made a surprise visit to Beijing, landing in China on a private jet. Musk aims to meet with senior Chinese officials to discuss the rollout of Tesla's Full-Self Driving (FSD) software in China and gain approval to transfer data collected in the country to train autonomous driving algorithms. The visit comes as Tesla faces increasing competition from Chinese automakers, prompting Musk to consider making FSD available to customers in China soon. Tesla has stored data collected from its Chinese fleet in Shanghai as mandated by Chinese regulators.
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Tesla's Elon Musk likely to unveil $2-$3 billion India investment during visit
Livemint
ยท
1y ago
Medial
Tesla CEO Elon Musk is planning to invest $2-$3 billion in India, primarily to build a new factory, during his visit to meet with Prime Minister Narendra Modi. Musk's visit comes as Tesla faces slowdown in sales in the US and China. India's electric vehicle market is small but growing, with the government targeting 30% of new cars to be electric by 2030. Musk has been critical of India's high import taxes for EVs, but the government recently announced a policy to lower these taxes if carmakers invest at least $500 million and establish a factory.
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India prepares for Musk's arrival: Space and EV industry expected to boost
Livemint
ยท
1y ago
Medial
Tesla CEO Elon Musk's visit to India has garnered praise from Lt. Gen. AK Bhatt (Retd.), Director General of the Indian Space Association. Lt. Gen. Bhatt commended Musk for his contributions to disruptive technologies, particularly in the space exploration field. While Musk's visit primarily focuses on Tesla and electric vehicles, Lt. Gen. Bhatt emphasized the potential for domestic manufacturing, job creation, and the introduction of advanced automotive technology in India. Stakeholders anticipate the bolstering of India's EV ecosystem and the advancement of sustainable mobility solutions with Tesla's potential entry into the Indian market. A government official suggests that Musk may announce Tesla's entry into India after meeting with Prime Minister Narendra Modi on April 22.
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Teslaโs Entry Into India Will Be โNatural Progressionโ: Elon Musk
Inc42
ยท
1y ago
Medial
Electric vehicle manufacturer Tesla is planning to enter the Indian market by setting up a $2 billion manufacturing unit. The company's CEO, Elon Musk, has expressed the belief that India, as the most populous country in the world, should have electric cars. A team from Tesla is expected to visit India to scout for a suitable location for the manufacturing facility, which is likely to be operational in two years. Tesla also plans to produce right-hand drive cars at its plant in Germany for export to India. This move comes as Tesla faces slowing EV demand in the US and China.
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