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 being made in India at Tata's manufacturing facilities in the country.