New Delhi: Serum Institute of India (sii) CEO Adar Poonawalla tempted elone on sunday musk To invest in India for construction Tesla Electric cars, saying it will be the best investment ever.
Musk, who has made a successful $44 billion bid for Twitter, has in the past asked India to lower import duties to sell Tesla electric cars, but the government has insisted on local manufacturing.
Tagging Musk, in a post on Twitter, Poonawalla said, “…just in case you don’t want to buy @Twitter, some of that capital will be spent on @Tesla’s high quality mass manufacturing in India.” Consider investing in cars.”
He added, “I assure you this will be the best investment I have ever made.”
Union Road Transport and Highways Minister last month Nitin Gadkari The company had said there is “no problem” if Tesla is ready to manufacture its electric vehicles in India but that the company should not import cars from China.
Musk said in August last year that US electric vehicle maker Tesla may set up a manufacturing facility in India if it is the first to succeed with imported vehicles in the country.
He said that Tesla wants to launch its vehicles in India “but the import duty is the highest of any major country in the world!”
Currently, India imposes a 100 percent import duty on fully imported cars with CIF (Cost, Insurance and Freight) over $40,000 and 60 percent on cars costing less than the amount.
Musk, who has made a successful $44 billion bid for Twitter, has in the past asked India to lower import duties to sell Tesla electric cars, but the government has insisted on local manufacturing.
Tagging Musk, in a post on Twitter, Poonawalla said, “…just in case you don’t want to buy @Twitter, some of that capital will be spent on @Tesla’s high quality mass manufacturing in India.” Consider investing in cars.”
He added, “I assure you this will be the best investment I have ever made.”
Union Road Transport and Highways Minister last month Nitin Gadkari The company had said there is “no problem” if Tesla is ready to manufacture its electric vehicles in India but that the company should not import cars from China.
Musk said in August last year that US electric vehicle maker Tesla may set up a manufacturing facility in India if it is the first to succeed with imported vehicles in the country.
He said that Tesla wants to launch its vehicles in India “but the import duty is the highest of any major country in the world!”
Currently, India imposes a 100 percent import duty on fully imported cars with CIF (Cost, Insurance and Freight) over $40,000 and 60 percent on cars costing less than the amount.