Skip to content
Search

Latest Stories

Looking forward to doing 'exciting work' in India: Elon Musk

Looking forward to doing 'exciting work' in India: Elon Musk

Tesla boss Elon Musk has said he is looking forward to his companies doing "exciting work" in India, as he congratulated Narendra Modi on his victory in the Indian elections.

Modi is set to take oath for his third consecutive term as India's prime minister on June 9.


“Congratulations @narendramodi on your victory in the world's largest democratic elections! Looking forward to my companies doing exciting work in India,” Musk, 52, shared in a post on X (formerly Twitter) on Friday.

The message comes after the tech billionaire postponed his proposed visit to India in April due to "very heavy Tesla obligations."

He had planned to meet Modi during the visit and later expressed his intention to visit India later in the year.

Last June, Musk met with Modi during the latter's US visit and expressed confidence that Tesla would soon enter the Indian market.

Expectations were high for Musk's visit to announce plans for Tesla and Starlink, his satellite internet business, to establish a presence in India.

Musk's interest in the Indian market extends to seeking import duty reductions and exploring opportunities under India's new electric vehicle policy, which offers import duty concessions for companies investing over £393.7 million in manufacturing units in the country.

(PTI)

More For You

Rachel Reeves

Rachel Reeves faces pressure over tax policy as forecasts warn a sharp fall in net migration could hit government revenues.

Getty Images

Reeves faces tax pressure as immigration forecast drops

RACHEL REEVES could face pressure to raise taxes if a sharp fall in immigration reduces government revenues, economists and migration experts have warned.

Forecasts suggest net migration could fall to zero or turn negative by the end of the year, cutting the amount raised in taxes, The Times reported. Experts said the figures were likely to be lower than the Office for Budget Responsibility (OBR) forecast in November, and that the watchdog may need to revise its estimates.

Keep ReadingShow less