No Partnership: Tata Motors denying any strategic partnership with Tesla In India
Following a provocative tweet by Tata Motors electric mobility, rumors about a strategic partnership between the two car manufacturers took center stage.
The Electric Mobility handle of Tata Motors has recently generated a lot of enthusiasm as it indicates a potential partnership between the Indian business and popular Electric Mobility manufacturer Tesla. The Tweet has been deleted and Tata Motors has also made a declaration rejecting any strategic alliance.
“We have not decided on a strategic partner for our PV company and categorically reject any rumors that suggest the same.”
After Tata Motors Electric Mobility, speculation of a strategic alliance between both car producers took center stage, in a tweet, saying, “Aajkal tere mere pyaarke ke charche hain Akhbaar mein, Sab ko malum hai aur sabko khabar ho gayi!” Two hashtags, #WelcomeTesla and #TeslaIndia, were used on the tweet.
Recently, the American EV maker Tesla has shown that they are entering India. Chief Elon Musk announced the news with two words, “as promised,” in a tweet.
It became evident earlier this week that U.S. electric car producer Tesla registered her Indian arm among signs that the company would join the automotive business in the region.
According to a regulatory filing, Tesla India Motors and Energy Pvt Ltd registered in Bangalore with the Registrar of Companies (RoC).
The corporation is registered as a private non-listed firm with a paid-up capital of ie 1 lakh.
As Directors of Tesla India, Vaibhav Taneja, Venkatrangam Sreeram and David Jon Feinstein were named by the RoC Registry.
It is said to be in talks with five states as it investigates the possibility of developing its manufacturing unit and R&D center in India.
Last month, Union Minister Nitin Gadkari announced that Tesla is scheduled to start operating in the country in 2021 and would also propose creating a demand-based development unit.