Elon Musk, who is always in a hurry, why is he delaying in coming to India! Tesla woos China customers with cheaper cars after Elon Musk defers India visit

New Delhi: Elon Musk, one of the world’s top billionaires, has postponed his visit to India. He was scheduled to visit India on April 21 and 22. But he postponed it citing personal engagements. It is believed that now he can come to India by the end of this year. His company, the electric car company Tesla, has been preparing to enter India for a long time. Meanwhile, with Musk canceling his visit to India, Tesla has reduced the price of its cars in China. The company has cut the price of its cars there by about $2,000. The question is, why is Musk, who is always in a hurry, so cautious about his company’s entry in India? Born in South Africa and an engineer by profession, Musk is famous for always being in a hurry. Kevin Brogan, an engineer who worked with him in the early days, says, ‘Musk is always in a hurry. He is in a hurry in the toilet. His work is done in three seconds.’ Perhaps this is the secret of their success. The achievements that Musk has achieved in such a short time are incredible. He is running many companies together. Tesla is the world’s most valuable auto company today while SpaceX is the world’s first private company to successfully launch a rocket into space. Musk’s mission is to build an human settlement on Mangal and he is working on mission mode to complete this mission.

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Why is there a delay in coming to India?

Now the question arises that why is Musk, who is in such a hurry, delaying in coming to India? Musk had demanded a cut in the import tax on cars in India. He wanted to know the local market by selling his cars in India while the government wanted the company to manufacture these cars in India. The government last month announced its new EV policy, which favors Tesla. After this, Tesla’s entry into India has been cleared. It was believed that a big announcement could be made during Musk’s visit to India. But Musk has postponed his India trip for the time being.

One of the reasons for this may be China. After Corona, foreign companies are working on China plus one policy. Apple is the biggest example of this. This is the reason why China is unable to enter Tesla in India. His government newspaper says that this plan will not work for Tesla in India. The reason for this is that the Indian market is not mature and not ready for Tesla. The EV market in India is still in its infancy and there is no public charging infrastructure in the country. While China’s economy is struggling on many fronts, India’s economy is growing at rocket speed. This is the reason why companies from all over the world are coming to India. This thing is not understood by China.

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Threat from Chinese companies

However, due to the new EV policy of the Modi government, there are fears that Chinese companies will flood into India. This could pose a threat to Tesla. However, the Modi government is discouraging investment from China. Chinese EV companies had earlier proposed to invest in India but the government rejected them. China’s giant EV company BYD had planned to invest one billion dollars in India but the government did not approve it. BYD is giving tough competition to Tesla in China and other markets. Its cars are much cheaper than Tesla.