Indian Govt Invites Elon Musk To Manufacture Electric Cars In India; Won’t Allow Chinese-Made Cars!
India is growing as an attractive venue for not just selling products from foreign markets but also as an attractive destination for setting up industries and manufacturing those foreign-based companies’ products and then selling them in the highly attractive domestic (Indian) markets.
In a similar feat, the Union Minister for Road Transport and Highways Nitin Gadkari has invited the tech billionaire Elon Musk to manufacture and sell a Tesla electric vehicle in India and sell it in the domestic market here, as the EV and green energy scene in the country is rising rapidly.
Gadkari Invites Musk to Manufacture Tesla in India
Speaking at a private event in Delhi, the Road Transport and Highways Minister Nitin Gadkari addressed a question on remarks of the US auto giant Tesla’s concerns on India demanding high duties.
The minister answered by inviting Tesla’s CEO and currently the richest person in the world, tech billionaire Elon Musk to manufacture e-vehicles in India, given the conducive environment for automobile manufacturing in the country.
However, Gadkari also said that in case Musk wants Tesla’s production and manufacturing to happen in China and then sell the finished products in India, then that may not be a very good proposition.
He states, “It is a very easy alternative, if Elon Musk is ready to manufacture a Tesla in India, there is no problem. We have got all the competencies, the vendors are available. We have got all types of technology and because of that, he can reduce the cost.”
‘Our request to Musk is to come to India and manufacture here’, he adds.
He added that India has all the quality vendors and automobile spare parts that are available in China and that “it can be easier for him to make here in India and sell in India. He will get good profits from that, and good economics is there. I will request him to come to India and start manufacturing here,” added a HT report.