Tata Power has signed the deal to set up electric vehicle (EV) charging stations at Apollo Tyres’ 150 branded retail outlets. In addition to the customers visiting these tyre retail outlets, the charging stations would be open for use by the general public as well.
The electric vehicle (EV) charging infrastructure, with over 150 charging points, is synced with the Magenta ChargeGrid Smart app that allows EV owners to check the real-time availability of charging stations and book slots.
The oil and gas major, with a current installed base of 448 EV charging stations and 30 battery swapping stations, plans to expand the charging station network in a phased manner over the next three years. The first phase will focus on nine cities, including Mumbai, Delhi, Bangalore, Hyderabad, Ahmedabad, Chennai, Kolkata, Surat, and Pune.
Tata Power has become India’s largest electric vehicle (EV) charging solutions provider with the deployment of over 1,000 EV charging stations in the public domain.
Parity in the total cost of ownership already exists for electric two-wheelers and three-wheelers (with subsidy) vis-à-vis their internal combustion engine counterparts. Policy impetus, coupled with the production-linked incentive (PLI) scheme for batteries and auto components (exclusively covering EVs), is likely to further reduce costs and accelerate the transition to electric vehicles (EVs). The transition will also open up the market for new-age companies and innovators across the value chain.
Magenta, in collaboration with State power discom BSES, will deploy innovative EV charging solutions in the discom’s service area in Delhi. It will undertake the installation, operations and maintenance of EV charging solutions under the ChargeGrid brand.
TVS Motor has signed a memorandum of understanding with Tata Power to create a regular AC charging and a DC fast-charging network for its electric two-wheelers. The two companies will also explore opportunities to use solar energy to power select TVS Motor locations.
The venture capital arm of British energy company bp has invested $13 million in BluSmart in a $25 million Series A funding round. The investment will help BluSmart bring its electric vehicles and charging stations to five major cities.
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.
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