Tata Motors clarified and issued a statement saying, “Tata Motors has not taken any decision regarding a strategic partner for its PV (passenger vehicle) business and categorically denies any and all rumours suggesting the same.”
After a tweet by Tata Motors Electric Mobility, a division of Tata Motors, on Friday sparked rumours of tie-up with Tesla, the Indian automaker said it ” categorically denies all rumours suggesting the same”. ” We have not take any decision regarding a strategic partner for our PV business”, it added. shares of Tata Motors jumped nearly 7% after the tweet.
Tesla has made its India debut after it registered as Tesla India Motors and Energy private Ltd with the Registrar of Companies in Bengaluru earlier this week. The US-based EV maker is still in talks with several state governments to set up its facility in India to produce electric vehicles. Tesla might need to look for a local partner initially to be able to start its business in India before it can set up its own facility in future.
a tweet from Tata Motors’ EV wing sparked the speculation further. Quoting a couple of lines from a famous Bollywood song, Tata Motors Electric Mobility had tweeted, “Aajkal tere mere pyaar ke charche hain akhbaar mein, Sab ko malum hai aur sabko khabar ho gayi!”, and tagged Tesla and its CEO Elon Musk with the hashtags Welcome Tesla and Tesla In India. However, the tweet was deleted later.