Under the partnership, Tata Power will provide end-to-end electric vehicle (EV) charging solutions across Lodha Group’s residential and commercial projects in Mumbai Metropolitan Region (MMR) and Pune.
The mobile electric vehicle chargers will be deployed in cities and highways across India, mitigating the range anxiety among electric vehicle (EV) owners. These are equipped with a range of slow and fast chargers to support two-wheelers to commercial vehicles to premium EVs.
The company will initially launch 750 electric buses across key intercity and inter-state transit routes in Southern and Western India. To support the e-bus rollout, it is also building a captive charging infrastructure network across highways with 600 DC chargers of 180/240 kW capacity rating.
The maintenance cost of an electric vehicle is estimated to be significantly lower than internal combustion engines, and studies show home solar furthers the cost savings and boosts carbon emission reductions.
The government provides subsidy support under the Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME) scheme and reduced taxation rates to promote EV uptake in India. Purchase of 3,61,000 EVs with incentives cumulating to about INR 600 crore has been supported to date under the FAME Scheme.
Tata Power owns an expansive network of over 500 public electric vehicle chargers in 100+ cities across India. Partnering with HPCL allows it to further expand its base in line with the Indian government’s National Electric Mobility Mission Plan to promote electric mobility.
The installation of the DC fast charger is in sync with the Government’s move to make Kevadia the country’s first ‘only electric vehicle city.’ The charger is supported by Tata Power EZ Charge Mobile App that helps EV owners locate the station in real-time.
The company expects the first phase of growth in the Indian electric vehicle market coming from commercial vehicles. It has been quick to capitalize on the opportunity by partnering with Switch Mobility, the electric vehicle arm of commercial vehicle major Ashok Leyland.
Siemens will provide smart charging infrastructure solutions for Switch Mobility’s commercial electric vehicle customers in India. It will also collaborate on implementing innovative business models such as eMobility-as-a-Service, Vehicle-to-Grid, and on-site/off-site renewable energy sources by leveraging batteries from commercial vehicles.