Tata Power, Indian Oil forms JV to deploy over 500 EV charging points in India

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Tata Power, Indian Oil forms JV to deploy over 500 EV charging points in India

Tata Power, Indian Oil forms JV to deploy over 500 EV charging points in India

Industry News
Dec 12,23

The planned charging points will be strategically placed in key cities like Mumbai, Delhi, Kolkata, Bengaluru, Ahmedabad, Pune, and Kochi, as well as along major highways.

Tata Power, Indian Oil forms JV to deploy over 500 EV charging points in India

Tata Power EV Charging Solutions (TPEVCSL), a division of the Tata Power Group, is collaborating with Indian Oil Corporation (IOCL) to deploy over 500 fast and ultra-fast electric vehicle (EV) charging points throughout India. This initiative, outlined in a Memorandum of Understanding (MoU) between the two entities, aims to fortify the country's EV charging infrastructure.

The planned charging points will be strategically placed in key cities like Mumbai, Delhi, Kolkata, Bengaluru, Ahmedabad, Pune, and Kochi, as well as along major highways including the Mumbai-Pune Expressway, Salem-Kochi Highway, Guntur-Chennai Highway, and the Golden Quadrilateral.

Virendra Goyal, Head of Business Development-EV Charging at Tata Power, emphasised the strategic significance of the collaboration with IOCL, stating that it is a step towards establishing a robust EV charging network. Leveraging IOCL's extensive presence, Tata Power intends to set up fast and superfast charging points in multiple regions, enhancing accessibility and inclusivity for sustainable electric mobility.

The partnership also aims to elevate the EV user experience by integrating advanced technologies and innovative solutions. EV users will have the advantage of using the ‘Tata Power EZ Charge’ app and ‘IndianOil e-Charge’ mobile app for locating and booking chargers.

Representing IOCL, Saumitra Shrivastava, Executive Director (Retail-N&E), shared the corporation's vision to adapt to the growing demand for electric vehicles. He highlighted IOCL's goal of providing 10,000 EV Charging Stations by 2024, transforming retail networks into comprehensive energy solutions outlets. The current count of over 6,000 EV charging stations is set to expand, with the strategic partnership with Tata Power playing a pivotal role in addressing the transformative shift towards sustainable and eco-friendly mobility.

The MoU signing ceremony witnessed the participation of key officials from both organisations, including K Navin Charan, Chief General Manager, Retail Transformation, IOCL; Soumitra Chakraborty, Chief General Manager, Marketing Strategy, IOCL; and Virendra Goyal.

With a significant market share of nearly 60% in the EV charging sector, Tata Power's network spans more than 420 cities and includes over 62,000 home chargers, 4,900 public and semi-public charging points, and 430 bus charging stations. This underscores the company's ongoing commitment to expanding the EV charging infrastructure in India.