Tata Power terms Tesla tie-up report as ‘factually incorrect’, Auto News, ET Auto

Rodolfo Schellin

Tata Power terms Tesla tie-up report as 'factually incorrect'New Delhi: Tata Sons’ energy technology unit, Tata Electrical power, has refuted media reviews saying a tie-up with the US electric powered auto big Tesla for setting up charging infrastructure in India.

“Our EV charging company is consistently examining and checking out numerous development alternatives. No arrangement or agreements have been finalised as noted in the media,” the corporation stated in a stock trade filing.

It additional extra, “We verify that the news item posted in the media dated March twelve, 2021 is factually incorrect.”

According to a CNBC-Television 18 report on Friday, the talks in between Tata Electrical power and Tesla are in the first stages and no preparations have been finalised yet.

Shares of Tata Electrical power had risen five.five{7e488363c11ee5ef50445c8c4fa770b6e6e4f99e57faea264a05ac52abb3ffe0} to their most effective closing stage considering that June 9, 2014, following the report.

Earlier last 7 days, Tata Motors Ltd denied any tie-up with Tesla, following media reviews instructed the two providers have been speaking about a partnership.

ETAuto was the very first to crack the story that electric powered-car maker Tesla will foray into the Indian marketplace with strategies to import and promote its Product three electric powered sedan in India.

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