Good News for AP - Elon Musk Visit Postponed
Elon Musk, the CEO of tesla, had been scheduled to travel to india on april 21 and 22, however, the trip has been rescheduled. "Very heavy tesla obligations require that the visit to india be delayed, but I do very much look forward to visiting later this year," tweeted Musk in response to the news. india reduced import duties on electric cars (EVs) last month for foreign automakers that pledged to invest $500 million (£399 million) and begin local manufacture in three years.
Tesla will make investments in india following the transfer. Elon Musk stated in 2021 that the company was not able to introduce its vehicles in the largest and fastest-growing economy in the world due to the hefty import taxes in India. A few eager states have already begun making plans to draw Tesla. Before the election meeting, andhra pradesh chief minister YS jagan Mohan reddy is going on a bus trip. He hasn't yet attended any review sessions for Tesla. andhra pradesh will have additional time to be ready thanks to the postponement.
Also, there is a belief that andhra pradesh may get control of the tesla Manufacturing Unit if chandrababu naidu is appointed chief minister and the government changes. The experience and track record of chandrababu naidu in courting major corporations like as Microsoft, kia motors, and others would undoubtedly be useful. Regrettably, jagan Mohan Reddy's reputation as an anti-business figure stems from actions such as terminating PPAs, alarming investors with Reverse Tendering, and his MPs publicly threatening kia motors personnel.
It may serve as a reminder to our readers that kia motors, which was founded under Chandrababu Naidu's direction, is currently the largest FDA in India. The largest accomplishment since the split will occur if tesla decides to establish a presence in Andhra Pradesh. A manufacturing sector would also provide a huge number of jobs for the state. It is therefore in Andhra Pradesh's best advantage to delay this.