Tesla Said to Be in Talks With Tata Power for Electric Vehicle Charging Infrastructure: Report

Tesla will set up an electric-car manufacturing unit in the southern Indian state of Karnataka.

By Reuters | Updated: 12 March 2021 17:48 IST

Tesla Said to Be in Talks With Tata Power for Electric Vehicle Charging Infrastructure: Report

In January, Tesla incorporated Tesla Motors India and Energy Private with registered office in Bengaluru

Highlights

Tesla will set up an electric-car manufacturing unit in Karnataka
The talks between Tata Power and Tesla are in the initial stages
Tata Motors last week denied any tie-up with Tesla

Tesla 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 percent 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

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

Tesla to Set Up Manufacturing Unit in Karnataka, Chief Minister Says

Tata Motors, 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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