Shares of Tata motors surprised everyone on the street , it increases to 13% on monday..
What led to the sudden rise was a buzz in the market that tesla was planning to sign an MoU and partner with Tata Motors to manufacture and sell their vehicles in india using Tata facilities...
The rumours also said that Tesla had already conducted a due diligence and found Tata has the best EV infra amoung all motors company..
There has no any official communication on this hence , then this rumoured could not be confirmed..
Image source google
Shares of Tata motors increased to 12.64% to ₹223.20 on NSE. On BSE it rises 11.11% to ₹220.10 as shown in above picture..
The major thrust behind the euphoric rise in Tata motors shares has been better than expected sales data for both domestic and JLR business..
Tesla has been trying to enter India for a couple of years now.. Union minister for road and transport and highways Nitin Gadkari had confirmed the company is set to commence its operations in india last month...
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