Tata Power and Indian Oil Forge Alliance to Establish 500+ Fast EV Charging Points Nationwide - written by Harsha varthini.B (Managing Editor, Bisjhintus News)

In a significant stride toward fortifying India's electric vehicle (EV) infrastructure, Tata Power EV Charging Solutions Limited (TPEV CSL), a prominent entity within the Tata Power Group specializing in EV charging solutions, has formalized a Memorandum of Understanding (MoU) with Indian Oil Corporation Limited (IOCL). The collaboration's primary objective is to deploy a network of fast and ultra-fast EV charging points across the country, with a focus on key cities and major highways.

Tata Power aims to install over 500 EV charging points at various Indian Oil retail outlets, strategically positioning them in major urban centers like Mumbai, Delhi, Kolkata, Bengaluru, Ahmedabad, Pune, and Kochi. Additionally, the charging stations will be strategically located along major highways, including the Mumbai-Pune Expressway, Salem-Kochi Highway, Guntur-Chennai Highway, and the Golden Quadrilateral. The overarching goal of this partnership is to establish a robust and extensive intercity charging network, mitigating range anxiety concerns for EV owners traveling between cities.

 

Virendra Goyal, Head of Business Development-EV Charging at Tata Power, emphasized the strategic significance of the partnership, stating, "Our collaboration with Indian Oil is a strategic move towards establishing a robust EV charging network in the country. Leveraging Indian Oil’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."

 

To enrich the EV user experience, Tata Power will introduce the "Tata Power EZ Charge" app, while Indian Oil will unveil the "Indian Oil e-Charge" mobile app. These user-friendly applications will enable users to conveniently locate and book charging points.

Saumitra Shrivastava, Executive Director (Retail-N&E) at Indian Oil, underscored the corporation’s commitment to adapting to the growing trend of electric vehicle adoption. He stated, "Indian Oil envisages providing 10,000 EV Charging Stations by 2024, transforming the retail network into complete energy solutions outlets. With more than 6,000 EV charging stations at present, the company plans to keep expanding its reach."

Key figures from Indian Oil and Tata Power, including K Navin Charan, Chief General Manager (Retail Transformation) at Indian Oil, Soumitra Chakraborty, Chief General Manager (Marketing Strategy) at Indian Oil, and Virendra Goyal, Head of Business Development (EV Charging) at Tata Power, were present during the MoU signing ceremony.

Tata Power has solidified its leadership in the electric vehicle charging sector, boasting an impressive market share of nearly 60 percent. The company's nationwide network spans over 420 cities, offering a comprehensive range of charging solutions, including home chargers, public and semi-public charging points, and bus charging stations. Tata Power continues to expand its network, demonstrating an unwavering commitment to enhancing EV charging accessibility throughout the country.