Adar Poonawalla, the CEO of Serum Institute, has asked Elon Musk to invest in the manufacture of Tesla cars in India

Adar Poonawalla, the CEO of Serum Institute, has asked Elon Musk to invest in the manufacture of Tes ...

Elon Musk said on Sunday that he would invest in India to manufacture Tesla electric cars, according to Musk, who has made a successful $44 billion (roughly Rs. 3,40,400crore) acquisition bid for Twitter. Musk had in the past asked the government to reduce import duties to sell Tesla electric automobiles, but the government has remained committed to local manufacturing.

Poonawalla stated in a twitter post that, "... just in case you don''t end up purchasing @Twitter, do not invest some of that capital in INDIA for high-quality high-quality, high-quality electric car manufacturing." Last month, Union Road Transport and Highways Minister Nitin Gadkari stated that if Tesla was to manufacture its electric cars in India then there was "no problem," but the company must not import automobiles from China.

If you don''t end up buying @Twitter, please consider investing some of your capital in INDIA in order to produce high-quality @Tesla cars. I assure you this will be the greatest investment you''ll ever make.

Tesla, an American electric vehicle manufacturer, had said in August last year that if it first succeeds with imported vehicles in the United States, it might establish a manufacturing facility in India.

Tesla wanted to make its vehicles in India, according to him, "but import duties are the highest in the world by far of any large country!" India has imposed a 100 percent import tariff on fully imported cars with CIF (Cost, Insurance, and Freight) value more than $40,000 (roughly Rs. 31 lakh) and 60 percent on those costing less than the amount.