Partnership for EV Infrastructure: Tesla negotiating with Tata to set up charging station in the country; Tata Power shares rose 5.5% after news came
. Tata Power shares have risen 5.5% since the report surfaced
. Tesla may debut in India with its popular e-car ‘Model 3’
Tesla has stepped up preparations to enter India. A media report quoted sources as saying that Tesla is exploring an arrangement with Tata Sons’ power generation unit, Tata Power, to set up infrastructure for electric vehicles in the country. Shares of Tata Power have gained 5.5% since the report surfaced.
At present, negotiations between Tata Power and Tesla are at an early stage and no arrangement has yet been finalized. Neither of the two companies have commented on the matter yet.
Tata rejects partnership discussion with Tesla Tata Motors rejects Elon Musk’s discussion of partnering with Tesla for electric vehicles. Tata Motors’ electric vehicle (EV) subsidiary Tata Motors Electric Mobility was speculating about a partnership between Tata Motors and Tesla following a social media post. However, the company has now deleted its post. In the post, Tata Motors Electric Mobility wrote while parodying the face of an old popular Bollywood song – “Tere Mere Pyaar Ke Charne” in every newspaper, everyone knows and everyone knows the news
happened . The hashtags of ‘Welcome Tesla’ and ‘Tesla India’ were placed below it. The post was deleted after the rumor market heated up. After this, Tata Motors wrote in a post – We did not make any decision about any strategic partner for our PV business.
Model 3 Tesla may come to India first
Will debut with its popular model in India. The company may first launch the Model 3 (sedan), which is also the cheapest electric car from Tesla. The company is also planning to give its car a mid-life update this year. However, the company has not made any official announcement regarding this. The company Model 3 will be brought to India via the Completely Built Units (CBU) route and assembled in the country to keep its price low. In the US, the Model 3 is priced between 25-40 lakh rupees. In India, its price can be between 40-55 lakh rupees.
Explain that the Model 3 takes only 15 minutes to full charge. Once full charging, this car can travel more than 500 kilometers. The top speed of the car is 162 km per hour.