Tesla is exploring an agreement with Tata Power, the power generation arm of Indian conglomerate Tata Sons. The subject of the agreement would be the creation of infrastructure for charging electric vehicles in India. The source clarifies that negotiations between Tata Power and Tesla are in their early stages.
Following the release of this information, Tata Power shares surged 5.5% and hit their highest level since June 2014. The news of possible cooperation echoes earlier reports of the automaker’s plans to import and sell Model 3 electric vehicles in India.
As previously reported, Tesla is set to build an electric vehicle plant in the southern Indian state of Karnataka. This is stated in a government document that Reuters managed to get acquainted with.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
