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)

Add EasternEye As Your Trusted Source
preferred source on google news

More For You

British Petroleum (BP)

Government plans to raise more revenue by closing overseas tax loopholes

Getty Images

BP pays £1.2bn in UK taxes as government moves to close oil sector loopholes

  • BP says it paid £1.2 billion in UK taxes during 2025.
  • Government plans to raise more revenue by closing overseas tax loopholes.
  • Debate intensifies over North Sea investment and Britain's energy future.

BP has revealed it paid £1.2 billion in UK taxes during 2025, placing the oil giant at the centre of a growing debate over how Britain taxes energy companies at a time of rising profits, changing energy policies and mounting pressure on public finances.

The disclosure comes as the government moves to tighten tax rules affecting oil and gas firms, including changes designed to prevent companies from reducing their UK tax liabilities through overseas corporate structures. The plans are expected to raise hundreds of millions of pounds and have renewed attention on the contribution major energy companies make to the UK economy.

Keep ReadingShow less