The mercurial billionaire’s group hasn’t engaged with the nation’s officers since he canceled his journey to India in April, Bloomberg reported on Thursday, citing folks accustomed to the matter.
“Sadly, very heavy Tesla obligations require that the go to to India be delayed, however I do very a lot stay up for visiting later this 12 months,” Musk mentioned in an X put up on April 20.
Bloomberg’s sources additionally mentioned India’s authorities does not count on Tesla to make any investments anytime quickly as the corporate is experiencing capital points.
Tesla and India’s heavy trade, finance, and commerce ministries didn’t reply to the outlet’s requests for remark.
The report comes as a shock, contemplating Tesla has lengthy been eyeing India as a possible space for growth.
In April, Reuters reported that the EV big was planning to construct a brand new manufacturing unit in India as a part of a $2 to $3 billion funding into the nation. Musk was anticipated to announce the growth plans throughout his deliberate go to to India.
However Musk did nonetheless find yourself touring to a different Asian nation in April. The Tesla CEO made a shock journey to China only a week after scrapping his journey to India, the place he met the nation’s second-highest-ranking politician, Li Qiang.
The journey was fruitful for Musk, who has marketed his ambitions of turning Tesla into a number one AI and robotics firm. In keeping with a Bloomberg report in April, Chinese language officers gave their in-principle approval for Tesla to roll out its Full Self-Driving expertise within the nation.
That mentioned, India most likely hasn’t solely fallen off of Musk’s radar.
Musk congratulated India’s Prime Minister Narendra Modi on his authorities’s electoral victory on the nation’s basic elections. The pair had final met in New York in June 2023.
“Congratulations Narendra Modi in your victory on the earth’s largest democratic elections! Wanting ahead to my corporations doing thrilling work in India,” Musk wrote in an X put up on June 7.
Respect your greetings @elonmusk. The gifted Indian youth, our demography, predictable insurance policies and secure democratic polity will proceed to supply the enterprise setting for all our companions. https://t.co/NJ6XembkyB
— Narendra Modi (@narendramodi) June 8, 2024
Representatives for Tesla and India’s commerce ministry did not instantly reply to requests for remark from BI despatched outdoors common enterprise hours.
