Serum Institute of India (SII) CEO Adar Poonawalla on Sunday said Elon Musk to invest in India in the Electric Car sector. He said to manufacture Tesla electric cars in India will be the best investment he would ever make.

Highlights

Elon Musk has shown his interest in India in landing his Tesla Car
Earlier India imposes a 100 percent import duty on fully imported cars
He was urged by the Indian Government for manufacturing Tesla Cars in India

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Adar Poonawalla, the CEO of Serum Institute of India said in his tweet to Elon Musk to invest in India to manufacture Tesla electric cars, Adar also said, it would be the best investment by Tesla ever made.

Elon Musk, CEO of Tesla earlier has made a successful $41 billion (Rs. 3,40,400 crore) bidding acquisition for Twitter. Musk had earlier asked the Indian Government to reduce import tax to sell Tesla electric cars but the government has insisted on local manufacturing.

Adar tagged the billionaire investor Elon Musk in his tweet posted on Sunday “…Just in case you don’t end up buying @Twitter, do look at investing some of that capital in INDIA for high-quality large-scale manufacturing of @Tesla cars.” He also added, “I assure you this will be the best investment you’ll ever make.”

In the previous month, Union Road Transport and Highways Minister Nitin Gadkari said for the requested Tesla to land its electric cars in India, Minister said if Tesla was ready to manufacture its electric vehicles in India then there was ‘no problem’ but the Tesla Company must not import cars from China.

Last year in August, Tesla’s CEO said the company may set up a manufacturing unit in India on the condition that it gets success with imported vehicles in the country.

Musk said he wanted to launch its vehicles in India “but import duties are the highest in the world by far of any large country.” India earlier said to impose 100 percent import duty on the cars.

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