Tata Motors will NOT partner with Tesla for electric vehicles in India Updated Mar 05, 2021 | 12:30 IST
Chandrasekaran s comments regarding the entire Tata Tesla alliance came when was discussing how Tata Motors and Jaguar Land Rover intend to handle their foray into the electric vehicles space in the future. Tata Motors will NOT partner with Tesla for electric vehicles in India
Earlier this year in January, countless reports about a rumoured parternership between Tata Motors and Tesla being in the works emerged. In fact, these reports also caused a surge in Tata Motors stocks as well. While those reports were found to have no merit later on, some still held out hope of an alliance between the two companies as they pursue electric vehicles in India. However, Tata Motors has finally confirmed that it has not engaged in any discussions with the American electric car manufacturer. N Chandrasekaran, chairman, Tata Sons clarified that the home-grown automa
Updated Mar 05, 2021 | 10:12 IST
Tata Sons Chairman N Chandrasekaran said products under Tata Motors and JLR have been ‘performing well’, and there is no need for any partnership at present. Tata ‘not in talks with Tesla’ over partnership, ready for solo EV plunge, clarifies Chandrasekaran | Photo Credit: BCCL
New Delhi: Tata Sons Chairman N Chandrasekaran has reportedly clarified that there is “no dialogue” with the US-based electric carmaker Tesla for a partnership in the passenger vehicle (PV) business in India, emphasising that “We will do it on our own.”
Earlier, Tata Motors’ Electric Mobility Twitter handle had created a buzz when it dropped hints of a possible tie-up of the Indian auto firm with billionaire entrepreneur Elon Musk-owned car company Tesla the world s most valuable automaker.
Tata Motors and Tesla joint venture: What s the truth? Updated Jan 13, 2021 | 15:50 IST
Recently new reports emerged, claiming Tata and Tesla were about to sign a MoU that would see Tesla s cars being made in India at Tata s manufacturing facilities in India. Tata Motors and Tesla joint venture: What s the truth?
Since the beginning of this week, Tata Motors shares have been on quite a roll. Yep, yesterday, the automaker s stock registered a growth of 20 per cent on the NSE. This was the highest in about 52 weeks. Suffice it to say that there has been a lot of interest to the reason behind this rally of Tata Motors shares. And one of the key reasons for this sudden surge were the reports that the home-grown automaker is about to close a deal with US-based electric car manufacturer Tesla to make and sell the latter s EVs in India. The reports claimed that the two were about to sign a Memorandum of Understanding (MoU) too that would see Tesla s cars bei