New York: American tech billionaire Elon Musk on Friday congratulated Prime Minister Narendra Modi on his historic election victory, saying he looked forward to the "exciting work" his companies are doing in India.
Modi will be administered the oath of office on June 9, marking his third consecutive term as prime minister.
“Congratulations to @NarendraModi on your victory in the world's largest democratic elections! I look forward to the exciting work my companies will do in India,” Musk said in a post on X.
The congratulatory message comes two months after the CEO of electric car maker Tesla and microblogging platform X postponed his planned visit to India in April due to "very heavy Tesla obligations".
Musk – who was expected to be in India on April 21 and 22 and was scheduled to meet Prime Minister Modi – later wrote on Twitter that he was looking forward to visiting India later this year.In June last year, Musk had met Modi during his visit to the US and said he planned to visit India in 2024, and expressed confidence that Tesla would soon enter the Indian market.
His proposed visit had raised expectations that he would announce plans for electric car maker Tesla to set up shop in the country with its satcom venture Starlink.
It was also expected that Musk would announce plans for Tesla to set up its manufacturing unit in India and this could involve investment of billions of dollars and find a way to sell Tesla electric cars in India as soon as possible. .
Not just electric cars, he is also eyeing the Indian market for his satellite internet business Starlink, which is awaiting regulatory approval.
Musk had in the past sought a cut in import duty in India so that he could be able to sell Tesla cars in the country.Musk's plan to visit India in April comes after the government announced a new electric vehicle policy, under which import duty concessions will be given to companies setting up manufacturing units in the country with a minimum investment of US$500 million. In attracting major global players like Tesla.
Modi will be administered the oath of office on June 9, marking his third consecutive term as prime minister.
“Congratulations to @NarendraModi on your victory in the world's largest democratic elections! I look forward to the exciting work my companies will do in India,” Musk said in a post on X.
The congratulatory message comes two months after the CEO of electric car maker Tesla and microblogging platform X postponed his planned visit to India in April due to "very heavy Tesla obligations".
Musk – who was expected to be in India on April 21 and 22 and was scheduled to meet Prime Minister Modi – later wrote on Twitter that he was looking forward to visiting India later this year.In June last year, Musk had met Modi during his visit to the US and said he planned to visit India in 2024, and expressed confidence that Tesla would soon enter the Indian market.
His proposed visit had raised expectations that he would announce plans for electric car maker Tesla to set up shop in the country with its satcom venture Starlink.
It was also expected that Musk would announce plans for Tesla to set up its manufacturing unit in India and this could involve investment of billions of dollars and find a way to sell Tesla electric cars in India as soon as possible. .
Not just electric cars, he is also eyeing the Indian market for his satellite internet business Starlink, which is awaiting regulatory approval.
Musk had in the past sought a cut in import duty in India so that he could be able to sell Tesla cars in the country.Musk's plan to visit India in April comes after the government announced a new electric vehicle policy, under which import duty concessions will be given to companies setting up manufacturing units in the country with a minimum investment of US$500 million. In attracting major global players like Tesla.
