Mumbai, October 16, 2018

 

Magenta Power has installed India’s first electric vehicle (EV) billing meter in association with MSEDCL (Maharashtra State Electricity Distribution Company Limited). The EV billing meter is launched in sync with the Government plans to support adoption of electric vehicles. 

 

The government of India has been pushing the EV agenda by way of policies to support adoption of electric vehicles. The policy to offer EV charging metering under a subsidised rate has been in place for long but not implemented. Individual states like Maharashtra, Karnataka, Andhra Pradesh, Telangana published their EV policies with this subsidised energy rates on offer. But on the ground, while some EV charging stations have come up, they have been connected to the base meters which meant higher prices for the consumers. With the support of the Government of Maharashtra and the MAITRI program and installation by MSEDCL, Maharashtra has installed the first EV billing meter in the country.

 

Speaking on the launch, Maxson Lewis, Director, Magenta Power, said, “This is a first of its kind initiative in India which now opens up the nation to setup such charging points under the government’s EV support program. The idea is to make the charging experience across India as convenient as possible. While this meter setup is a small step it is a significant one in India’s EV journey. This meter has been setup at a charging station installed by Magenta Power in Navi Mumbai.” 

 

Magenta Power will be deploying the new EV billing meters on all it 6 charging stations already in operation. Magenta Power is planning a slew of new charging stations on other important highways under the EV billing meters scheme.