Tata Group companies secure essential supplier status for Tesla, eyeing expanded operations and $2 billion component contribution.

Tata Group companies like Tata AutoComp and TCS have emerged as key suppliers to Tesla, providing components worth $2 billion for the fiscal year 2024. The electric car giant, Tesla, is exploring the possibility of setting up manufacturing facilities in India. Talks are underway between Tesla, various Indian states, and local suppliers to facilitate the expansion of Tesla’s operations in the country. This collaboration between Tata Group and Tesla signifies a significant step towards strengthening India’s position in the global electric vehicle market. The partnership is expected to boost the Indian automotive industry and create new opportunities for growth and innovation. Stay tuned for more updates on this exciting development in the automotive sector.

In Trend

Accenture’s quarterly results spark worry for Indian IT firms, tech stocks plunge for TCS, HCL Tech, Infosys.

Bajaj Broking Research suggests Zydus Lifesciences and National Aluminium stocks; predicts Nifty at 23,500 and Bank Nifty at 50,600.

Leave a Reply

Your email address will not be published. Required fields are marked *