Here is the latest news about Elon musk investment in India

Elon Musk: CEO of spaceX, Tesla

Elon Musk's team has stopped communication with Indian officials, putting Tesla's plans to invest in India on hold . This comes after Musk postponed his visit to the country in April, where he was supposed to meet with Prime Minister Narendra Modi . 

The main reason for this pause is Tesla's current financial issues and the company's lack of progress in setting up a manufacturing plant in India.

India's electric vehicle market is still in its early stages, with battery-powered cars accounting for just 1.3% of total sales last year . Despite this, the government is focusing on domestic carmakers like Tata Motors Ltd. and Mahindra & Mahindra Ltd. to boost EV production.

 However, Indian officials have stated that Tesla would still be welcome to invest in India if it decides to re-engage, under the new import tax policy .

Musk's visit to India in April was postponed due to pressing issues at Tesla, including a second consecutive drop in quarterly deliveries globally and increased competition in China.

 The company has also been facing challenges with its new model, the Cyber truck, and the construction of a new plant in Mexico has been delayed.

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The Indian government had been looking forward to Tesla's investment in the country, as it would have been a significant boost to the EV market .

However, with Tesla's current financial issues and lack of progress in setting up a manufacturing plant in India, the government is now focusing on domestic carmakers to drive growth in the EV sector 

Summary:

 Tesla's investment plans in India are on hold due to the company's financial issues and lack of progress in setting up a manufacturing plant in the country . The Indian government is now focusing on domestic carmakers to boost EV production, but has stated that Tesla would still be welcome to invest in India if it decides to re-engage.

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