Tata Passenger Electric Mobility Ltd. has collaborated with Hindustan Petroleum Corporation Limited to setup 5,000 electric vehicle charging stations in India by December 2024.
The MoU was signed today, by (L – R) Mr. Balaje Rajan, Chief Strategy Officer, Tata Motors Passenger Vehicles Ltd., and Tata Passenger Electric Mobility Ltd., and Mr. Debashis Chakraverty, Chief General Manager- Retail Strategy and Business Development, Hindustan Petroleum Corporation Ltd.
Tata Passenger Electric Mobility Ltd. (TPEM), known for pioneering India’s electric vehicle revolution, has signed an MOU with Hindustan Petroleum Corporation Ltd. (HPCL) to collaborate in establishing 5,000 electric vehicle charging stations in India by December 2024.
This strategic partnership aims to improve the experience of EV owners across India by setting up chargers at locations frequently visited by Tata EV owners. HPCL, with its nationwide network of over 21,500 fuel stations, is committed to a sustainable future and aims to install 5,000 electric vehicle charging stations by the specified deadline.
Additionally, the two companies are exploring the introduction of a convenient payment system through a co-branded RFID card, which will make the charging experience hassle-free. Leveraging TPEM’s extensive insights into EV usage and HPCL’s extensive nationwide network, this partnership has the potential to transform the charging infrastructure landscape in the country.
Commenting on this partnership, Balaje Rajan, Chief Strategy Officer, Tata Passenger Electric Mobility Ltd. and Tata Motors Passenger Vehicles Ltd. said, “As the adoption of EVs increases, the availability of widespread and dependable charging infrastructure will play a crucial role in making EVs mainstream in India. This strategic partnership with HPCL emphasizes our dedication to advancing India’s EV ecosystem in which the growth of charging infrastructure plays a pivotal role. This collaboration is essential for facilitating infrastructure development to support the expanding EV customer base. Leveraging TPEM’s extensive insights into EV usage and HPCL’s extensive nationwide network, this partnership has the potential to transform the charging infrastructure landscape in the country.”
According to Debashis Chakraverty, Chief General Manager, Retail Strategy & BD, HPCL, “HPCL with its 21000+ fuel stations has entered into an alliance with Tata Motors that commands 68% market share in Indian EV market. Through this alliance, HPCL shall leverage Tata Motors’ vehicle base to enable our strategic expansion in EV Charging infrastructure at places with higher charging demand and will help in reducing range anxiety of EV customers”
Case studies from across the world show that ubiquitous and convenient charging infrastructure is a prerequisite for driving EV adoption, and that growth in charging infrastructure results in exponential growth in EV adoption as well. To that effect, the collaboration between two leading companies in this space is sure to help catapult India’s EV growth to its next phase.
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