Latest news with #ServotechRenewablePowerSystemLimited
Time of India
3 days ago
- Automotive
- Time of India
Elon Musk's father asks him to visit India: Here's why
Errol Musk, father of Elon Musk, is imparting some advice on his 'tech-genius' son! The 78-year-old father of the billionaire is currently on a five-day visit to India. Errol Musk is in the country as a member of the global advisory board of Servotech Renewable Power System Limited, an Indian company listed on the NSE that develops technology-driven electric vehicle (EV) charging solutions. During his stay, he has expressed his surprise and concern over Elon not having visited India, calling it a "big mistake." In an interview, Errol emphasized the significance of Elon exploring opportunities in India. What's Errol Musk doing in India? Errol Musk's visit to India is focused on promoting green technology. A South African engineer and entrepreneur, Errol is engaging in discussions related to India's burgeoning renewable energy sector. Although not directly linked to his son Elon Musk's companies, particularly Tesla, his visit is drawing attention due to his familial connection and his recent collaboration with Servotech, a company engaged in advancing green energy solutions. Errol's itinerary includes notable stops, including a planned visit to the Ram Mandir in Ayodhya. His trip is perceived as a strategic step that aligns with global momentum toward sustainable energy. Errol's advice for Elon: As Errol shared his advice for Elon quite publicly, the elder Musk's remarks highlight the significant opportunity India presents for Tesla, especially as the government promotes policies favoring green energy and local manufacturing. Despite growing anticipation around Tesla's entry into India, the electric vehicle giant has yet to establish manufacturing operations or make a concrete market entry. This hesitation is notable given India's escalating demand for electric vehicles and sustainable transportation solutions. Errol Musk's visit to India and his insistence that his son follow suit speak for the potential for collaboration between India and Tesla in the realm of green technology. His firsthand experience and discussions with local entrepreneurs and policymakers may pave the way for future partnerships and investments. Does Elon Musk want to visit India? On May 28, Musk, who took the lead at the Department of Government Efficiency under the Trump 2.0 Administration earlier this year, announced that his 'scheduled time' has come to an end. He announced his departure via X, saying, "As my scheduled time as a Special Government Employee comes to an end, I would like to thank President @realDonaldTrump for the opportunity to reduce wasteful spending." He concluded his post, saying, 'The @DOGE mission will only strengthen over time as it becomes a way of life throughout the government.' The Tesla CEO has expressed a strong interest in visiting India. He confirmed plans to visit in 2024, following a meeting with Prime Minister Narendra Modi in New York. However, the trip was postponed due to "very heavy Tesla obligations," with Musk stating he looks forward to visiting later in the year. As India continues to prioritize sustainable development, Musk's visit is anticipated to include discussions on Tesla's entry into the Indian market and potential investments in local manufacturing. In fact, in preparation for the visit of the world's richest billionaire, Tesla has been increasing its presence in India, including hiring staff in Mumbai and securing showroom space. The company has also been engaging with the Indian government to address concerns about high import tariffs on electric vehicles, which have been a barrier to entry. Recent policy changes have reduced import duties for companies investing in local manufacturing, which could facilitate Tesla's plans and provide Elon with an entry to India's market. Diddy's Last Hope: Trump TEASES Pardon, Could Clemency Override Federal Charges?
Time of India
4 days ago
- Business
- Time of India
Father Errol Musk to Elon Musk: ‘You are making a big mistake by …'
Image credit: X/ PTI Elon Musk 's father Errol Musk has said that the tech billionaire is making a 'big mistake' by not visiting India. Errol, who is on a five-day visit to India, is a member of the global advisory board of homegrown Servotech Renewable Power System Limited . For those unaware, Servotech is an NSE-listed company that specialises in developing technology-driven EV charging solutions. In an interview with NDTV during his visit, Errol Musk said 'I am quite surprised he has not been to India. If he does not, he is making a big mistake…'. On asked about what advice he wants to give to his son, Errol said: 'Get some rest', adding further 'Keep it up if you can. I do say to him, when I speak to him, 'try and take a break'.' Errol continued further, stating 'He is 53. People at 53 say, 'Oh, we are too old'. But he is like someone in his early 30s.' Errol Musk 'keen' to visit Ram Mandir in Ayodhya by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Thị trường có dấu hiệu suy thoái không? IC Markets Đăng ký Undo A report by news agency PTI said that Errol is likely to visit Ram Mandir in Ayodhya during his India visit. Speaking to the publication today on the sidelines of a Servotech event, Musk said that he is keen to visit the temple. In response to whether he is visiting the Ram Mandir, Errol Musk said: "Yes, I'm very keen to visit the temple. Well, you know, the history of India is something that fascinates the whole world, because the history of India is not just the history of India, it's the history of the human race." Errol also spoke about Musk-owned Neuralink . He said 'The company amazes me. They are talking about rejoining spinal cords... enabling the blind to see... restoring hearing to people. It is not 'way in the future'. It is soon. They are being made... they already have brain implants that quadriplegics can operate computers'. iQoo Z10 Review: 7300mAh battery packed in a slim design
Business Upturn
05-05-2025
- Business
- Business Upturn
Servotech appoints Errol Musk as strategic advisor to Global Advisory Board
Servotech Renewable Power System Limited, formerly known as Servotech Power Systems Limited, has announced the appointment of Mr. Errol Musk as a strategic advisor to its Global Advisory Board, effective immediately. The company made the disclosure under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements. Errol Musk, widely recognized for his entrepreneurial acumen and strategic contributions in infrastructure, technology, and sustainability, will provide high-level advisory support to Servotech's leadership. As part of his engagement, Musk will also visit and assess the company's manufacturing and operational facilities to better understand its core capabilities and contribute to its global expansion roadmap. Advertisement The company emphasized that this disclosure is being made voluntarily in the spirit of transparency and materiality. The appointment signals Servotech's intent to leverage international expertise to fuel its growth in renewable energy and power solutions.
