With US-based electric vehicle (EV) maker Tesla scouting for a suitable location for its foray in India, Rajasthan has joined the fray with a host of offers to woo the Elon Musk-led company. Other challengers include Gujarat, Tamil Nadu, and Maharashtra.
Sources privy to the development said that an initial meeting between the senior executives of Tesla and the government of Rajasthan, which was held last week, turned out to be quite positive.
Tesla would now carry out a survey and is expected to share the survey details with the state s investment promotion department soon.
Smallcap selloff: Tata Investment Corporation Ltd, HUDCO, MMTC, Network 18, TV18 Broadcast, SPARC and NBCC were a few other stocks hitting their 5 per cent lower circuit limits.
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JM Financial said Tata Power is tapping high-margin group captive renewables opportunities, exiting low-value businesses, venturing into brownfield pumped hydro storage, and expanding transmission business.