In a significant development for India’s electric vehicle (EV) infrastructure, Tata Power EV Charging Solutions Limited (TPEVCSL), a subsidiary of Tata Power Group, has collaborated with Indian Oil Corporation Limited (IOCL) to set up more than 500 fast and ultra-fast EV charging points across the country. This initiative marks a pivotal step towards enhancing the availability of EV charging infrastructure, crucial for supporting the growing number of electric vehicles in India.
The memorandum of understanding (MoU) between Tata Power and IOCL targets the installation of these charging points at various IOCL retail outlets. The selected locations for these charging stations include major cities such as Mumbai, Delhi, Kolkata, Bengaluru, Ahmedabad, Pune, and Kochi. Additionally, the charging stations will be strategically positioned along key highways, including the Mumbai-Pune Expressway, Salem-Kochi Highway, Guntur-Chennai Highway, and the Golden Quadrilateral, facilitating easier intercity travel for EV owners and addressing the issue of range anxiety.
This collaboration focuses on building a reliable and expansive intercity charging network. It also aims to enhance the EV user experience through technological integration and innovative solutions. The dual advantage of this partnership allows EV users to enjoy a seamless EV charging experience through the Tata Power EZ Charge app and IndianOil e-Charge mobile app. These apps enable users to locate and book chargers conveniently, further simplifying the EV charging process.
In the larger context of India’s EV infrastructure development, IOCL has set an ambitious target to deploy 10,000 EV charging stations by 2024, transforming its retail network into comprehensive energy solution outlets. Presently, the company operates over 6,000 EV charging stations and is on a trajectory of continual expansion.
Tata Power boasts a significant market share in the EV charging sector, with nearly 60% of the market. The company’s network spans over 420 cities and includes a diverse array of charging solutions, such as over 62,000 home chargers, 4,900 public and semi-public charging points, and 430 bus charging stations. This robust network underscores Tata Power’s commitment to expanding EV charging infrastructure in India.
This strategic partnership between Tata Power and IOCL is expected to play a pivotal role in responding to the transformative shift towards electric mobility in India, fostering accessibility, and inclusivity for a sustainable electric mobility future.