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<ul><li><keyword id="107096" type="General" weightage="20" keywordseo="tesla" source="Orion">Tesla</keyword>’s India launch is drawing closer and this should make fans of the company as well investors in the Indian auto sector happy. </li><li>Reports of Tesla’s India launch have sent shares of three auto component suppliers rallying up to 11%. </li><li>Media reports suggested that these companies are already supplying components to Tesla. </li></ul>India may be nearing the long-awaited launch of Tesla, and shareholders of these three Indian companies could be in for a bonanza. According to a report by <a href="https://economictimes.indiatimes.com/industry/renewables/tesla-in-talks-with-3-local-companies-for-parts-supply/articleshow/85728000.cms?from=mdr">The Economic Times</a>, Tesla is in talks with three Indian auto component supplies – <keyword id="8042633" type="General" weightage="20" keywordseo="sona-comstar" source="Orion">Sona Comstar</keyword>, <keyword id="2441042" type="General" weightage="20" keywordseo="sandhar-technologies" source="Orion">Sandhar Technologies</keyword> and <keyword id="45365" type="General" weightage="20" keywordseo="bharat-forge" source="Orion">Bharat Forge</keyword>. The report cites sources familiar with the matter, and claims that these three companies are already supplying components to Tesla. Reacting to the report, stocks of the three companies surged by as much as 11% as of 11:00 a.m., on August 30. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Day's change </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Sandhar Technologies </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">11.54% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Sona Comstar </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">6.08% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Bharat Forge </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">3.72% </td></tr></tbody></table> Tesla is known to make some of the core components of its cars on its own. This includes the battery pack, charger and the electric motor – the three primary parts in its cars. However, it sources other parts like sub-assemblies, instrument panels, windshields among other things, from third-party suppliers. Earlier in July, Tesla’s chief executive officer Elon Musk had said that the company is willing to set up a factory in India if the response to its electric cars is good. <div type="twitter" handle="elonmusk" handlename="Elon Musk" image="http://pbs.twimg.com/profile_images/1423663740344406029/l_-QOIHY_normal.jpg" favoritecount="11244" retweetcount="1308" status="@TeslaGong @madan3 If Tesla is able to succeed with imported vehicles, then a factory in India is quite likely." createdat="1627068942000" id="1418656085267865602"></div> Tesla is reportedly testing the Model 3 in India – the company’s entry-level car has been <a href="https://auto.hindustantimes.com/auto/cars/tesla-model-3-spied-testing-again-ahead-of-possible-india-launch-41629434295807.html">spotted</a> in camouflage in Maharashtra. Tesla has also registered its India unit under the name of <keyword id="10586881" type="General" weightage="20" keywordseo="tesla-india-motors" source="Orion">Tesla India Motors</keyword>, in Karnataka, according to filing with the Registrar of Companies (RoC). This would suggest that the answer to the question about Tesla’s India launch is more “when” and not “if”. When it finally launches in India, Tesla’s competitors will include Tata Motors, which has two electric cars, the Nexon EV and the Tigor EV, and Mahindra &amp; Mahindra, which has the eVerito and e2o Plus. MG, Audi, Jaguar, Hyundai, Mercedes-Benz have one electric car each, too. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/tata-motors-is-the-casualty-of-jlr-struggling-due-to-the-global-chip-shortage-and-a-lacklustre-ev-vision/articleshow/85652897.cms">Tata Motors is paying the price because Jaguar Land Rover has been slow in the EV race</a> <a href="https://www.businessinsider.in/business/auto/news/odisha-govt-approves-policy-to-promote-electric-vehicle-ev-manufacturing/articleshow/85706556.cms">Odisha government will promote electric vehicle manufacturing under its latest policy</a> <a href="https://www.businessinsider.in/business/auto/news/tata-motors-launches-tigor-ev-second-electric-car-in-india/slidelist/85425025.cms">Tata Motors launches Tigor EV — All you need to know about the compact electric sedan</a>

Tesla partnership reports send stocks of these three companies rallying up to 11%

<ul><li><keyword id="107096" type="General" weightage="20" keywordseo="tesla" source="Orion">Tesla</keyword> is gearing up to make its debut in India as four electric cars of the company have been approved by Indian authorities.</li><li>Earlier, there were reports suggesting that Tesla had partnered with three Indian auto component makers.</li><li>Reports suggest that these four models could be two variants of the Tesla Model 3 and Model Y.</li></ul>Elon Musk’s Tesla is gearing up to launch in India, as four models of the electric car maker have reportedly been approved in the country. According to a <a href="https://economictimes.indiatimes.com/industry/renewables/tesla-inches-closer-to-entering-india-with-four-models-approved/articleshow/85789629.cms">Bloomberg</a> report, Tesla has received approval from the Indian authorities to make or import four models in the country. Business Insider verified this from the government’s motor vehicle portal, Homologation Vahan Seva. “The tests ensure that the vehicle matches the requirements of the Indian market in terms of emission and safety and road-worthiness as per the Central Motor Vehicle Rules,” the website says. Earlier yesterday, <a href="https://www.businessinsider.in/business/auto/news/tesla-partnership-reports-with-sandhar-technologies-sona-comstar-and-bharat-forge-for-auto-components/articleshow/85758773.cms">media reports</a> suggested that Tesla had tied up with three Indian auto components suppliers to make parts like windshields, sub-assemblies, instrument panels and other items from companies like Sona Comstar, Sandhar Technologies and Bharat Forge. Earlier in July, Tesla’s chief executive officer Elon Musk had said that the company is willing to set up a factory in India if the response to its electric cars is good. <div type="twitter" handle="elonmusk" handlename="Elon Musk" image="http://pbs.twimg.com/profile_images/1423663740344406029/l_-QOIHY_normal.jpg" favoritecount="11241" retweetcount="1308" status="@TeslaGong @madan3 If Tesla is able to succeed with imported vehicles, then a factory in India is quite likely." createdat="1627068942000" id="1418656085267865602"></div> Tesla is reportedly testing the Model 3 in India – the company’s entry-level car has been <a href="https://auto.hindustantimes.com/auto/cars/tesla-model-3-spied-testing-again-ahead-of-possible-india-launch-41629434295807.html">spotted</a> in camouflage in Maharashtra. Tesla has also registered its India unit under the name of Tesla India Motors, in Karnataka, according to a filing with the Registrar of Companies (RoC). <div type="image" title="Tesla Vahan Seva Homologation" msid="85796854" hostid="261" caption="&amp;lt;p&amp;gt;Four models have been approved as per the the Homologation Vahan Seva portal.&amp;lt;/p&amp;gt;"></div> There are reports that suggest that the four vehicles approved by the authorities could be two variants of the Tesla Model 3 and Model Y, but there’s no official confirmation in this regard yet. When these Tesla electric cars launch in India, they will compete with the likes of the Tata Nexon EV and Tigor EV, apart from the Audi e-Tron, the MG ZS EV, and others from companies like Hyundai, Mercedes-Benz, Jaguar and more. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/tesla-partnership-reports-with-sandhar-technologies-sona-comstar-and-bharat-forge-for-auto-components/articleshow/85758773.cms">Tesla partnership reports send stocks of these three companies rallying up to 11%</a> <a href="https://www.businessinsider.in/business/auto/news/tata-motors-is-the-casualty-of-jlr-struggling-due-to-the-global-chip-shortage-and-a-lacklustre-ev-vision/articleshow/85652897.cms">Tata Motors is paying the price because Jaguar Land Rover has been slow in the EV race</a> <a href="https://www.businessinsider.in/business/auto/news/odisha-govt-approves-policy-to-promote-electric-vehicle-ev-manufacturing/articleshow/85706556.cms">Odisha government will promote electric vehicle manufacturing under its latest policy</a>

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Tesla partnership reports send stocks of these three companies rallying up to 11%

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Tesla inches closer to its India debut as four models approved

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