Tata Power Partners with Indian Oil for 500 EV Charging Points across India

Tata Power EV Charging Solutions Limited, a unit of Tata Power, has recently entered into a Memorandum of Understanding (MoU) with Indian Oil Corporation Limited (IOCL). This collaboration aims to install over 500 fast and ultra-fast electric vehicle (EV) charging points across key locations in India.

Tata Power plans to deploy these EV charging points not only in major cities like Mumbai, Delhi, Kolkata, Bengaluru, Ahmedabad, Pune, and Kochi but also along crucial highways such as the Salem-Kochi Highway, Mumbai-Pune Expressway,  Golden Quadrilateral and Guntur-Chennai Highway.

The primary focus of this collaboration is to build a reliable and expansive intercity charging network. This network aims to alleviate range anxiety for EV owners traveling between cities, ensuring a seamless charging experience.

Management Commentary

Virendra Goyal, Head of Business Development-EV Charging at Tata Power, highlights that the 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 set up fast and superfast charging points in multiple regions.

EV users will benefit from a dual advantage, as they can use the ‘Tata Power EZ Charge’ app and the ‘IndianOil e-Charge’ mobile app. These apps enable users to locate and book chargers at their convenience, ensuring a user-friendly experience.

Saumitra Shrivastava, Executive Director (Retail-N&E) at IOCL, expresses the corporation's commitment to adapting to the rising trend of electric vehicle penetration. Indian Oil (IOCL) aims to establish 10,000 EV Charging Stations by 2024, reshaping its retail network into comprehensive energy solution hubs.

Saumitra Shrivastava reiterates IOCL's readiness to overcome challenges and capitalize on opportunities in the electric vehicle charging space. IOCL, with over 6,000 EV charging stations at present, plans to keep expanding its reach, ensuring a seamless transition towards a more sustainable and eco-friendly mobility paradigm.

Current Status of Charging Infrastructure

Tata Power has established itself as a leader in the electric vehicle charging domain, boasting a market share of nearly 60%. Their nationwide network spans over 420 cities, offering a comprehensive array of charging solutions, including 62,000 home chargers, 4,900 public and semi-public charging points, and 430 bus charging stations.

The existing network is continually expanding, emphasizing Tata Power's unwavering commitment to enhancing electric vehicle charging accessibility across the nation. Virendra Goyal highlights that the collaboration with IOCL will contribute to accessibility and inclusivity for a sustainable electric mobility future.

Final Words

The partnership between Tata Power and Indian Oil Corporation marks a step towards bolstering India's electric vehicle charging infrastructure, addressing key challenges and fostering a more sustainable and accessible future for electric mobility.