Tata Power, India’s largest integrated power company, will invest substantially to expand its network of smart electric vehicle (EV) charging points from around 170 now to over 700 by the end of financial year 2020-21.
Under the brand name of Tata Power EZ Charge, the company will work closely with the EV industry to enable India’s large-scale migration to clean transportation across all segments including two- and four-wheelers.
“As the Indian automotive sector emerges from a prolonged slump in sales, the growth in demand for EVs is expected to outstrip internal combustion (ICE) vehicles powered by fossil fuel. In 2019-20, over 1.5 lakh electric vehicles were sold in India against 1.35 lakh in 2018-19, recording a 20% jump in volume sales”—read a company statement.
Tata Power CEO and MD Praveer Sinha said, “Despite the protracted slump in the Indian automotive sector, we continue to remain bullish about the future of the country’s mobility business and we believe that large-scale shift to clean mobility is inevitable. With the right policy framework in place, large domestic demand for clean mobility solutions and consistent drop in the total cost of ownership of EVs are strong signs of the direction in which India is moving. Over the last two years, we have been investing in a national network of charging infrastructure and expect to expand this further during the current financial year too.”
Tata Power is also part of Tata uniEVerse (with the participation of other Tata Group companies) that has also been conceived and developed as a complete e-mobility ecosystem to cater to the future mobility demands that will be strongly anchored on sustainable solutions.
Tata Power EZ charge network has already installed 170 fast and smart-charging points in various usage environments in more than 20 cities across the country, including major metros like Delhi, Mumbai, Bengaluru, Pune, and Hyderabad, and expects to continuously expand the coverage to more cities by the end of the current financial year making them EV ready.
Tata Power also plans to create infrastructure for home charging as well as continue expanding its public charging locations at metro stations, shopping malls, theatres and highways.
The company will also be expanding its EV charging infrastructure at Tata Group-owned outlets such as Chroma, WestSide, Titan watch showroom, and Indian Hotels.
Also, Tata Power has developed a world-class platform for EV charging which includes various functionalities for corporates, fleets and individual users of EVs. Through an intuitive Mobile app based on this platform, customers locate, navigate, charge their vehicles and also pay for the charging apart from a host of information and analytics available to them.
Over the last two years, Tata Power has signed MoUs for setting up commercial EV charging stations at fuel outlets owned by Hindustan Petroleum Corporation Limited, Indian Oil Corporation.