Elon Musk postpones India visit over 'very heavy Tesla obligations'
Also Read | Elon Musk may announce Tesla's entry in India after meet with PM Modi on April 22: Report Additionally, the Financial Times earlier this month reported that Elon Musk had sent a team to India in April to scout for sites for a proposed $2 billion to $3 billion electric car plant. Musk was reportedly poised to disclose plans for injecting nearly ₹3 billion into the Indian market, primarily earmarked for the establishment of a new manufacturing facility.
Meanwhile, the licence application of Musk's satellite venture Starlink is under process, and the government is examining the security aspects, news agency PTI reported citing sources. The FDI and financial aspects are in sync with the requirements and conditions, the report said, adding that the ownership 'declaration' has also been received from Starlink.Milestone Alert!
Livemint tops charts as the fastest growing news website in the world
