Tata to go solo, no tie-up with Tesla, says Chandra

March 05, 2021 12:28 PM

NEW DELHI: Putting at rest all speculation around a partnership with Tesla, Tata Sons chairman N Chandrasekaran said on Wednesday that there is "no dialogue" with the Elon Musk-owned car company for a partnership in India, while adding, "We will do it on our own."

"There is no dialogue with Tesla. With us, there is nothing," Chandrasekaran told as he spoke about the aggressive plans of Tata Motors and its British subsidiary Jaguar and Land Rover in the electric vehicles space.The Tata Sons chief said products under Tata Motors and JLR have been performing well, and there is no need for any outside partner at this time.

There had been widespread speculation in the media about an impending partnership between the Tata Group and Tesla as the latter is now entering the Indian market. The conjecture had also contributed to the spike in the share price of Tata Motors. But it had also moved up due to the strong performance of the company's car business in India.

More fuel was added to the speculation when the official Twitter handle of 'Tata Motors Electric Mobility' sent out a cheeky tweet on January 15, positively commenting on rumours of the Tesla partnership through the lyrics of an old Hindi film song (the tweet was deleted promptly ).

'Aajkal tere mere pyaar ke charche har akhbaar mein, Sab ko malum hai aur sab ko khabar ho gayi!' (Translated as: The media is abuzz with our budding romance, it's out in the public now) #WelcomeTesla #Tesla ..

Before Chandrasekaran's comment to TOI, there has been no reaction from either Tesla or Tata Group on a partnership. Tesla has registered an office in India, and this has been done in Bangalore (company is called 'Tesla Motors India & Energy Pvt Ltd'). It is expected that the company is currently laying the groundwork.

Tata Group is going strong in electric vehicles business. Chandrasekaran said all electric products of JLR will be in India too.

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