Elon Musk’s surprise visit to China this week won concessions for Tesla (TSLA.O), opens new tab but left India feeling spurned after he cancelled a scheduled trip there for earlier this month, with Indian commentators calling the move a snub.
India’s pained reaction highlights the increasing rivalry between India and China, Asia two largest countries by population and among the region’s most dynamic economies. Business and diplomatic relations between them have been strained since a 2020 border clash left 20 Indian and four Chinese soldiers dead.
Musk was due to meet Modi last week and announce an investment of up to $3 billion in a car plant, but cancelled saying there were “very heavy Tesla obligations”. By then, the Indian government had sent out invites for a startup event Musk was to attend.