Indian Oil Corporation and Tata Power To Roll Out 500+ Fast and Ultra-Fast EV Charging Points Across India

Just a few days after Tata Passenger Electric Mobility Ltd. (TPEM) signed a Memorandum of Understanding (MoU) with Bharat Petroleum, an another Tata conglomerate company, Tata Power EV Charging Solutions Limited (TPEVCSL), has signed an MoU with Indian Oil Corporation Limited (IOCL) 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 IOCL retail outlets.

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.

Mr. Virendra Goyal, Head -Business Development-EV Charging, Tata Power said "Our partnership with IOCL is a strategic move towards establishing a robust EV charging network in the country. Leveraging IOCL'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.”

Earlier in last week, TPEVCSL had also inked an MoU with the Kanpur Municipal Corporation to install 12 EV charging stations across six strategic locations in Kanpur.

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 ‘IndianOil e-Charge’ mobile app that can be used to locate and book the chargers at their convenience.

Representing IOCL, Sh. Saumitra Shrivastava, Executive Director (Retail-N&E) expressed the Corporation’s commitment to adapting to the rising trend of electric vehicle penetration. "IOCL 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 IOCL 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."

Mr. K Navin Charan, Chief General Manager, Retail Transformation, IOCL; Mr. Soumitra Chakraborty, Chief General Manager, Marketing Strategy, IOCL, and Mr. Virendra Goyal, Head of Business Development – EV Charging, Tata Power were present during the MoU signing ceremony along with officials from IOCL 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%. 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.


Advertisements

Post a Comment

Previous Post Next Post
Like this content? Sign up for our daily newsletter to get latest updates.