Connect with us

Hi, what are you looking for?

FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, gestures as he attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, France, June 16, 2023. REUTERS/Gonzalo Fuentes/File Photo

Latest Updates

Elon Musk Postpones Much-Awaited India Visit

Elon Musk, the CEO of Tesla, has reportedly delayed his highly anticipated trip to India, according to the sources. The immediate reasons for the postponement remain unknown.

Initially scheduled for April 21 and 22, Musk’s visit was intended for meetings with Prime Minister Narendra Modi and to unveil plans for Tesla’s entry into the Indian market. Earlier this month, Musk had announced his upcoming visit to India and his meeting with PM Modi, generating significant global interest.

Speculation arose that Musk might propose establishing Tesla manufacturing facilities in India, particularly after his tweet coincided with a government notification regarding a new electric vehicle manufacturing policy offering duty concessions to companies committing to manufacture in India.

Originally planned for a 48-hour stay, Musk was expected to meet with the PM, space startups, and business leaders, including engagements at Bharat Mandapam, an exhibition hall.

However, uncertainty looms over the finalization of the Starlink agreement during this trip, pending approval from India’s Ministry of Home Affairs.

The timing of Musk’s visit postponement coincides with upcoming major elections in India, where Modi is anticipated to secure victory. With the model code of conduct in effect, a formal announcement regarding Starlink might be delayed, according to Business Today.

Musk had previously met Modi in June last year during the PM’s visit to the US, during which Musk expressed confidence in Tesla’s imminent entry into the Indian market and revealed plans for his 2024 visit to India.

Written By

Breaking News

Several Iranian media outlets, citing the Red Crescent, reported that rescue teams have located President Ebrahim Raisi’s helicopter. “Red Crescent search and rescue teams...

Economy

ISLAMABAD: The federal government will present the budget for the upcoming financial year 2024-25 in the National Assembly on Friday, June 7. The budget...

International

TEHRAN: In a tragic helicopter crash, Iranian President Ebrahim Raisi and Foreign Minister Hossein Amir Abdollahian, along with other officials, lost their lives while...

Entertainment

Salman Khan Bollywood superstar Salman Khan, who has been in the headlines recently due to a gun firing incident outside his house, has continued...