New Delhi: Tata Power EV Charging Solutions Limited (TPEVCSL), a Tata Power Group Company and one of the leading EV Charging solutions providers, and Indian Oil Corporation Limited (IOCL) have signed a Memorandum of Understanding (MoU) to roll out fast and ultra-fast electric vehicle (EV) charging points across India. The collaboration will see Tata Power install 500+ EV charging points across multiple Indian Oil retail outlets.
Public Sector's leading voice PSU Watch is now on Whatsapp Channels. Click here to join
These EV charging points will be installed in major cities like Mumbai, Delhi, Kolkata, Bengaluru, Ahmedabad, Pune, and Kochi, as well as across major highways such as the Mumbai-Pune Expressway, Salem-Kochi Highway, Guntur-Chennai Highway and the Golden Quadrilateral. This strategic collaboration focusses on building a reliable and expansive intercity charging network which will help alleviate range anxiety for EV owners travelling between cities.
Tata Power's Head (Business Development-EV Charging) Virendra Goyal said "Our partnership with Indian Oil is a strategic move towards establishing a robust EV charging network in the country. Leveraging Indian Oil's extensive presence, Tata Power will set up fast and superfast charging points in multiple regions, contributing to accessibility and inclusivity for a sustainable electric mobility future.”
Tata Power is committed to enhancing the EV user experience through tech integration and innovative solutions. EV users will have a dual advantage of a seamless EV charging experience through the ‘Tata Power EZ Charge’ app and ‘Indian Oil e-Charge’ mobile app that can be used to locate and book the chargers at their convenience.
Representing Indian Oil, Executive Director (Retail-N&E) Saumitra Shrivastava expressed the corporation’s commitment to adapting to the rising trend of electric vehicle penetration. "Indian Oil envisages to provide 10,000 EV Charging Stations by 2024 transforming retail network to complete energy solutions outlets. With more than 6,000 EV charging stations at present, the company plans to keep expanding its reach. Our strategic partnership with Tata Power is poised to play a pivotal role in responding to this transformative shift. We at Indian Oil are geared up to overcome challenges and capitalize on opportunities in this area, ensuring a seamless transition towards a more sustainable and eco-friendly mobility paradigm."
Indian Oil's Chief General Manager (Retail Transformation) K Navin Charan, Chief General Manager (Marketing Strategy) Soumitra Chakraborty, and Tata Power's Head of Business Development (EV Charging) Virendra Goyal were present during the MoU signing ceremony along with officials from Indian Oil and Tata Power.
Tata Power has established itself as a leader in the electric vehicle charging domain, with a substantial market share of nearly 60 percent. Their expansive nationwide network, reaching more than 420 cities, offers a comprehensive array of charging solutions, including over 62,000 home chargers, 4,900 public and semi-public charging points, and 430 bus charging stations. Notably, this network is continually expanding, underscoring Tata Power's unwavering commitment to enhancing electric vehicle charging accessibility across the nation.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)