In a landmark move towards bolstering India's electric vehicle (EV) ecosystem, Tata Power EV Charging Solutions Limited (TPEVCSL), a Tata Power Group Company, and Indian Oil Corporation Limited (IOCL) have inked a Memorandum of Understanding (MoU) to deploy over 500 fast and ultra-fast EV charging points across the country.
Moreover, these charging stations will be strategically positioned along key highways, including the Mumbai-Pune Expressway, Salem-Kochi Highway, Guntur-Chennai Highway, and the Golden Quadrilateral. This expansive intercity network aims to alleviate range anxiety for EV owners, fostering seamless travel between cities.
Virendra Goyal, Head of Business Development-EV Charging at Tata Power, highlighted the strategic significance of this partnership, stating, '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 aims to contribute to accessibility and inclusivity for a sustainable electric mobility future.
Tata Power, a dominant player in the EV charging domain with nearly 60% market share, is committed to enhancing the EV user experience through technological integration and innovative solutions. EV users will benefit from a seamless charging experience using the 'Tata Power EZ Charge' app and the 'IndianOil e-Charge' mobile app, providing convenient access to locate and book chargers.
Representing IOCL, 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,' he noted. The company, which currently operates over 6,000 EV charging stations, aims to expand its reach and play a pivotal role in India's transformative shift towards sustainable and eco-friendly mobility.
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