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

Boohoo blocks Mike Ashley from vote on £150m bonus plan
Boohoo appoints Stephen Morana as new finance boss
Getty Images

Boohoo blocks Mike Ashley from vote on £150m bonus plan

ONLINE fashion retailer Boohoo has stopped its biggest investor, Mike Ashley, from voting on a planned £150 million bonus for its chief executive, as tensions between the online retailer and the Frasers Group owner continue to grow.

The company, now trading under the name Debenhams Group, said it would approve the bonus plan without putting it to a shareholder vote – a move that goes against normal practice for listed firms, reported the Telegraph.

Keep ReadingShow less