Tata Passenger Electric Mobility Ltd. (TPEM), renowned for India’s electric vehicle revolution, has signed an MOU with Hindustan Petroleum Corporation Ltd. (HPCL) to collaboratively establish public charging points across the country.
What is the Objective of the Collaboration?
Leveraging HPCL’s expansive fuel station network and TPEM’s insights from over 1.2 lakh Tata EVs on Indian roads, the partnership aims to establish chargers at sites frequently visited by Tata EV owners. In addition, HPCL will gather information on charger usage to enhance the customer experience.
With a focus on enhancing the experience of EV owners nationwide, this collaboration between TPEM and HPCL aims to explore synergies between the two entities, encouraging more people to adopt electric vehicles in the country.
Furthermore, the two companies are exploring the introduction of a convenient payment mechanism using a co-branded RFID card. The objective is to make the charging process hassle-free for users.
TPEM and HPCL Recent Accomplishments
TPEM is the market leader in the Indian EV sector, with a commanding market share exceeding 68% in electric passenger vehicles.
Meanwhile, HPCL has a widespread network of over 21,500 fuel stations across the nation. It shows the company’s dedication to fostering a sustainable future. Moreover, HPCL’s goal is to have 5,000 electric vehicle charging stations operational by December 2024.
With four products in its portfolio, TPEM has been at the forefront of developing the EV ecosystem in the nation. Whether it’s introducing its first EV-exclusive store in Gurugram or working with various charge point operators to grow India’s charging infrastructure. On the other hand, HPCL has installed a total of 3,050 EV charging stations, including battery swapping stations, nationwide.
Insights from the Officials
Commenting on this partnership, Balaje Rajan, Chief Strategy Officer, Tata Passenger Electric Mobility Ltd. and Tata Motors Passenger Vehicles Ltd. said, “As the adoption of EVs increases, the availability of widespread and dependable charging infrastructure will play a crucial role in making EVs mainstream in India. This strategic partnership with HPCL emphasizes our dedication to advancing India’s EV ecosystem in which the growth of charging infrastructure plays a pivotal role. This collaboration is essential for facilitating infrastructure development to support the expanding EV customer base. Leveraging TPEM’s extensive insights into EV usage and HPCL’s extensive nationwide network, this partnership has the potential to transform the charging infrastructure landscape in the country.”
According to Debashis Chakraverty, Chief General Manager, Retail Strategy & BD, HPCL, “HPCL with its 21000+ fuel stations has entered into an alliance with Tata Motors that commands 68% market share in the Indian EV market. Through this alliance, HPCL shall leverage Tata Motors’ vehicle base to enable our strategic expansion in EV Charging infrastructure at places with higher charging demand and will help in reducing range anxiety of EV customers”
Case studies from across the world show that ubiquitous and convenient charging infrastructure is a prerequisite for driving EV adoption.
Moreover, the rapid development of charging infrastructure leads to exponential growth in EV adoption. To that effect, the collaboration between two leading companies in this space can help accelerate India’s EV growth to its next phase.
