In case you don’t buy Twitter…: Poonawalla woos Musk to invest in making Tesla cars in India


PTI, May 8, 2022, 2:53 PM IST

Image Source: DHNS

Serum Institute of India (SII) CEO Adar Poonawalla on Sunday wooed Elon Musk to invest in India to manufacture Tesla electric cars, saying it will be the best investment he would have ever made.

Musk, who has made a successful USD 44 billion acquisition bid for Twitter, had in the past asked India to reduce import duties to sell Tesla electric cars but the government has insisted on local manufacturing.

In a post on Twitter, tagging Musk, Poonawalla said, ”… 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 further said, ”I assure you this will be the best investment you’ll ever make.” Last month, Union Road Transport and Highways Minister Nitin Gadkari had said if Tesla was ready to manufacture its electric vehicles in India then there was ‘no problem’ but the company must not import cars from China.

In August last year, Musk had said that American electric vehicle maker Tesla may set up a manufacturing unit in India if it first succeeds with imported vehicles in the country.

He had said Tesla wanted to launch its vehicles in India ”but import duties are the highest in the world by far of any large country!” Currently, India imposes 100 percent import duty on fully imported cars with CIF (Cost, Insurance, and Freight) value more than USD 40,000 and 60 percent on those costing less than that amount.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

‘Challenge after 44 years’: Supreme Court junks pleas against ‘socialist’, ‘secular’ in Preamble

Katapadi: Dangerous potholes along NH-66 pose threat to commuters

HC seeks Centre’s response on girl’s plea to expedite rare disease treatment

Mumbai Indians have got the playing 12; very happy to pair Bumrah with Boult: Akash Ambani

Let truth come out: Kharge on Oppn demand for discussion, JPC on Adani issue

Karnataka CM directs officials to submit proposal for gold chariot for Goddess Chamundeshwari

IPL Auction 2025 | GT buy Washington Sundar for Rs 3.20 crore; Shaw, Shardul go unsold

Related Articles More

‘Challenge after 44 years’: Supreme Court junks pleas against ‘socialist’, ‘secular’ in Preamble

HC seeks Centre’s response on girl’s plea to expedite rare disease treatment

Air pollution: SC directs action against officials for ‘serious lapse’ in ensuring GRAP-IV curbs

PM Modi to attend 3-day all-India security conference in Odisha from Nov 29

Let truth come out: Kharge on Oppn demand for discussion, JPC on Adani issue

MUST WATCH

Coconut Flower

Prakash Belawadi

Naxal Leader Vikram Gowda

Christmas Cake Fruit Mixing

DK Shivakumar


Latest Additions

‘Challenge after 44 years’: Supreme Court junks pleas against ‘socialist’, ‘secular’ in Preamble

Katapadi: Dangerous potholes along NH-66 pose threat to commuters

HC seeks Centre’s response on girl’s plea to expedite rare disease treatment

Mumbai Indians have got the playing 12; very happy to pair Bumrah with Boult: Akash Ambani

Air pollution: SC directs action against officials for ‘serious lapse’ in ensuring GRAP-IV curbs

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.