Billion Dollar Advice: Adar Poonawalla stunned, Elon Musk suggested the way to earn bumper money
Musk
Billion Dollar Advice: Serum Institute of India (SII) Chief Executive Officer (CEO) Adar Poonawalla on Sunday invited Elon Musk to invest in India to manufacture Tesla electric cars and said it would be his best investment till date. Musk has signed a $44 billion deal to acquire Twitter. He had earlier demanded reduction in import duty from India for the sale of Tesla electric cars, but the government is pushing for local manufacturing. Poonawalla tweeted Musk on Twitter, “If your deal to buy Twitter doesn’t work out, consider investing some of that capital in India for high quality and mass manufacturing of Tesla cars.”
‘This will be your best investment’
He further wrote, I assure you that this will be your best investment. Last month, Union Road Transport Minister Nitin Gadkari had said that there is no problem if Tesla is ready to manufacture electric cars in India but the company should not import cars from China.
raised questions about fees
Musk said in August last year that Tesla could set up a manufacturing facility in India provided it succeeds through imported vehicles into the country. He had said that Tesla wants to launch its vehicles in India but the import duty here is the highest compared to any other big country. Cars wholly imported into the country attract 100% import duty including cost, insurance and freight.
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