• 60
  • Comment
  • 1

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

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

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial