Tesla in talks with India's Tata Power for EV charging infrastructure: report

Reuters2021-03-12

BENGALURU, March 12 (Reuters) - Tesla Inc is exploring an arrangement with Indian conglomerate Tata Sons’ power generation unit, Tata Power, to set up charging infrastructure for electric vehicles in the country, CNBC-TV18 reported on Friday, citing sources.

Shares of Tata Power rose 5.5% to their best closing level since June 9, 2014 after the report, which comes as the Palo Alto-based electric-car maker gears up for an India launch later this year with plans to import and sell its Model 3 electric sedan in India.

Tesla will set up an electric-car manufacturing unit in the southern Indian state of Karnataka, according to a government document seen by Reuters

The talks between Tata Power and Tesla are in the initial stages and no arrangements have been finalised yet, the report said..

The two companies were not immediately available for comment.

In January, the U.S. electric-car maker incorporated Tesla Motors India and Energy Private Ltd with its registered office in the southern city of Bengaluru, a hub for global technology companies.

Tata Motors Ltd, the carmaking unit of Tata Sons, last week deniedbit.ly/3kKLz1Many tie-up with Tesla, after media reports suggested the two companies were discussing a partnership.

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Comments

mark01bravz
2021-03-15
mark01bravz
Nice !
pandaroar
2021-03-15
pandaroar
Tata has been around for awhile, this looks like a good deal to get things moving in India.
Chloe2021
2021-03-14
Chloe2021
Hmm
Shifeng
2021-03-14
Shifeng
India enterprise not all relied upon due to unique political agenda and social issues.

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