In August last year, Mr Musk said American electric vehicle maker Tesla may set up a manufacturing facility in India if it first finds success with imported vehicles in the country.
In August last year, Mr Musk said American electric vehicle maker Tesla may set up a manufacturing facility in India if it first finds success with imported vehicles in the country.
Serum Institute of India (SII) CEO Adar Poonawalla on Sunday courted Elon Musk to invest in India to make Tesla electric cars, saying it was the best investment he had ever made.
Mr Musk, who launched a successful $44 billion takeover bid for Twitter, has asked India in the past to lower import tariffs on sales of Tesla electric cars, but the government insisted on local manufacturing.
In a post on Twitter tagging Mr Musk, Mr Poonawalla said: “…just in case you don’t end up buying @Twitter, try investing some of that capital in INDIA for high-quality, large-scale manufacturing.” from @Tesla cars.” He went on to say, “I assure you this will be the best investment you will ever make.” Last month, Union Minister for Roads and Motorways Nitin Gadkari said when Tesla is ready There is “no problem” with manufacturing its electric vehicles in India, but the company is not allowed to import cars from China.
In August last year, Mr Musk said American electric vehicle maker Tesla might set up a manufacturing facility in India if it first finds success with imported vehicles in the country.
He had said Tesla wanted to launch its vehicles in India, “but the import duties are by far the highest in the world of any major country!” Currently India charges 100% import duty on fully imported cars with a CIF value (cost, insurance and freight) over $40,000 and 60% on those costing less.
