Firms that want to import vehicles into India should invest here: Ola CEO

Anyone who wants to import vehicles into India should invest in the country, Ola CEO Bhavish Aggarwal said on Sunday in response Tesla CEO Elon Musk’s demand to reduce customs duty on imported electric cars.

Speaking to reporters here at the pre-launch event of the company’s electric scooter, he said the industry has to create sustainability revolution in the country and also grow technology and manufacturing ecosystems.

“I welcome that gentleman to India… You know competition is good, in the end, the industry has to create sustainability revolution in the country,” Aggarwal said when asked about Tesla’s demand to reduce import duty on its electric vehicles (EVs) for it to set up operations here on India.