Tesla Boss Elon Musk was supposed to visit India on April 21st and 22nd but the visit has been postponed now. Musk confirmed the development saying “Very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting later this year”.
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Last month, India cut import taxes on electric vehicles (EV) for global carmakers which commit to investing $500m (£399m) and starting local production within three years.
Tesla is going to invest in India after the move. In 2021, Elon Musk cited India’s high import duties as the reason for the firm not launching its cars in the world’s fastest-growing major economy.
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Some enthusiastic states already started preparations to attract Tesla.
Andhra Pradesh Chief Minister YS Jagan Mohan Reddy is doing a Bus tour ahead of the election meeting. He has not had any review meetings so far regarding Tesla.
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The postponement means Andhra Pradesh will have more time to prepare.
Also, people think if the Government changes and Chandrababu Naidu becomes the Chief Minister, chances are more Andhra Pradesh will lay it hands on the Tesla Manufacturing Unit.
Chandrababu Naidu’s experience and the track record of wooing big companies like Microsoft, Kia Motors, etc will definitely come in handy.
Sadly, Jagan Mohan Reddy has an anti-business image thanks to things like the cancelation of PPAs, troubling investors with Reverse Tendering, and his MPs threatening Kia Motors officials in public.
Our readers may be reminded that Kia Motors is the biggest FDA for India even to date and it happened under the leadership of Chandrababu Naidu.
If Tesla comes to Andhra Pradesh, it will be the biggest achievement to date after the bifurcation.
Also, a manufacturing industry will create so many jobs in the state.
So, this postponement is in the best interests of Andhra Pradesh.
