Tata Power stated on Monday that its unit Tata Power EV Charging Solutions Limited has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation Limited (IOCL) to put in greater than 500 quick and ultra-fast electric vehicle (EV) charging points throughout India.

Tata Power will set up EV charging factors throughout a number of IOCL stores, the corporate stated in an announcement.

These EV charging factors shall be put in in main cities like Mumbai, Delhi, Kolkata, Bengaluru, Ahmedabad, Pune, and Kochi, in addition to throughout main highways such because the Mumbai-Pune Expressway, Salem-Kochi Highway, Guntur-Chennai Highway and the Golden Quadrilateral, the assertion learn.

This strategic collaboration focusses on constructing a dependable and expansive intercity charging community which is able to assist alleviate vary nervousness for EV house owners travelling between cities, it stated.

“Our partnership with IOCL is a strategic move towards establishing a robust EV charging network in the country. Leveraging IOCL’s extensive presence, Tata Power will set up fast and superfast charging points in multiple regions,” Virendra Goyal, Head -Business Development-EV Charging, Tata Power, stated.

The EV customers can have a twin benefit of a seamless EV charging expertise by means of the ‘Tata Power EZ Charge’ app and ‘IndianOil e-Charge’ cellular app that can be utilized to find and guide the chargers at their comfort, Tata Power stated.

Saumitra Shrivastava, Executive Director (Retail-N&E) expressed the Corporation’s dedication to adapting to the rising development of electrical car penetration. “IOCL envisages to provide 10,000 EV Charging Stations by 2024 transforming retail network to complete energy solutions outlets. With more than 6,000 EV charging stations at present, the company plans to keep expanding its reach. Our strategic partnership with Tata Power is poised to play a pivotal role in responding to this transformative shift. We at IOCL are geared up to overcome challenges and capitalize on opportunities in this area, ensuring a seamless transition towards a more sustainable and eco-friendly mobility paradigm.”

Tata Power has established itself as a frontrunner within the electrical car charging area, with a considerable market share of practically 60%. Their expansive nationwide community, reaching greater than 420 cities, provides a complete array of charging options, together with over 62,000 dwelling chargers, 4,900 public and semi-public charging factors, and 430 bus charging stations. Notably, this community is frequently increasing, underscoring Tata Power’s unwavering dedication to enhancing electrical car charging accessibility throughout the nation.