ReutersTesla Inc is exploring an arrangement with Indian conglomerate Tata Sons' power generation unit, , 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 denied any tie-up with Tesla, after media reports suggested the two companies were discussing a partnership.
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 denied any tie-up with Tesla, after media reports suggested the two companies were discussing a partnership.
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8 Comments on this Story
 | Ajay3 days ago Rules for Focused Success in a Distracted World: amzn.to/37KK9Ql |
 | Zillionaire 3 days ago Lets do 10000 Battery and EV start ups in India |
| Vaithianathan R M3 days ago Tatas are are good combine with Tesla. Tesla's can't run around India, without super charging points around the country. Other EV manufacturers should benefit from this too and India should aspire to phase out petrol and diesel driven cars and carriage vehicles off the road. The sooner the better. First concentrate on the cities and all the major highways. |