Tata Power and Indian Oil forge partnership to expand EV charging network
Tata Power EV Charging Solutions Limited (TPEVCSL), a subsidiary of the Tata Power Group and a leading provider of EV charging solutions, together with Indian Oil Corporation Limited (IOCL), have signed a significant Memorandum of Understanding (MoU). This strategic agreement aims to roll out an extensive network of fast and ultra-fast electric vehicle (EV) charging points across India.
Expanding India’s EV Charging Network
The collaboration will see Tata Power install over 500 EV charging points across multiple IOCL retail outlets in major cities and along key highways. This expansion includes urban centers like Mumbai, Delhi, Kolkata, Bengaluru, Ahmedabad, Pune, and Kochi, as well as strategic locations along highways such as the Mumbai-Pune Expressway and the Golden Quadrilateral.
Strengthening Intercity Charging Infrastructure
This strategic initiative focuses on building a reliable and expansive intercity charging network. It aims to alleviate range anxiety for EV owners traveling between cities, thereby promoting the adoption of electric vehicles in the country.
Leadership Comments on the Partnership
Virendra Goyal, Head of Business Development-EV Charging at Tata Power, emphasized the strategic nature of the partnership with IOCL. He highlighted the collaboration’s role in establishing a robust EV charging network and contributing to a sustainable electric mobility future in India.
IOCL’s Vision for EV Charging Stations
Representing IOCL, Saumitra Shrivastava, Executive Director (Retail-N&E), expressed the Corporation’s commitment to adapting to the rising trend of electric vehicle penetration. IOCL aims to provide 10,000 EV Charging Stations by 2024, transforming its retail network into complete energy solutions outlets.
Tata Power’s Leadership in EV Charging
Tata Power has established itself as a leader in the electric vehicle charging domain, with a substantial market share of nearly 60%. Their expansive nationwide network offers a comprehensive array of charging solutions, underscoring their commitment to enhancing electric vehicle charging accessibility across the nation.
The Future of Sustainable Mobility in India
This collaboration between Tata Power EV Charging Solutions Ltd. and Indian Oil Corporation Limited marks a significant step towards enhancing the EV infrastructure in India. It paves the way for a more sustainable and eco-friendly mobility paradigm, ensuring a seamless transition towards greener transportation solutions. The partnership is poised to play a pivotal role in meeting the growing demand for electric vehicles and supporting India’s journey towards sustainable development.