Elon Musk's India Visit

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Tesla chief Elon Musk this morning said he has postponed his planned trip to India due to "very heavy Tesla obligations", a day before his visit was expected to begin. Musk, who owns Tesla and SpaceX, was to meet Prime Minister Narendra Modi during his two-day visit and announce investment plans for his businesses.

The world's richest man confirmed on X he has delayed his trip, but said he looks forward to visiting India later this year.

"Unfortunately, very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting later this year," said the tech entrepreneur.

Musk had said last week he was "looking forward to meeting with Prime Minister Narendra Modi in India", after which reports said he could arrive in the country on April 21. He met the Indian Prime Minister in the US in June last year and described himself as his "admirer" and assured that Tesla would enter the Indian market "as soon as possible". The India trip is expected to give Tesla and Starlink, the operator of its satellite network, influence to invest in the country's domestic needs.

According to the news, electric car company Tesla is looking for new markets, India is one of them. According to AFP, the Starlink program will receive approval before it becomes operational in India. A few days ago, the Indian government announced changes to its foreign direct investment policy in its field of operations to facilitate entry of foreign investors into Indian companies.

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