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No arrangement or agreements finalised : Tata Power on Tesla tie up

Tata Sons power generation unit, Tata Power on Friday clarified that no arrangement or agreements have been finalised with Tesla Inc for setting up Electric Vehicle (EV) infra unit in India as reported in the media. Our EV charging business are constantly examining and exploring various growth opportunities of the business. No arrangement or agreements have been finalised as reported in the media, it said in a stock exchange filing We confirm that the news item published in the media dated March 12 2021 is factually incorrect, it said. The talks between Tata Power and Tesla are in the initial stages and no arrangements have been finalised yet to set up charging infrastructure for electric vehicles in the country, the news report said.

Asia Is Playing Catch Up to Europe in the Electric Vehicle Market, Says Fitch Analyst – NBC 5 Dallas-Fort Worth

The report also said the biggest growth in sales for that sector will take place in Europe, mainly because EU governments are committed to lowering carbon dioxide emissions.  Challenges for Japan and India Baisden said the weak uptake of electric vehicles in Asia – mainly in countries like Japan and India is due to a combination of factors. While there is underlying demand in Japan, we re still waiting for concrete incentive plans, she pointed out. We heard in January that there were plans in place to start bringing out financial incentives for purchasing on a local level, particularly with Tokyo having a goal to have all electric car sales by 2030.

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