The two companies are also exploring a different mode of payment system for these charging infra.
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The two companies are also exploring a different mode of payment system for these charging infra.
Tata Passenger Electric Mobility Ltd. (TPEM) has signed a Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation to establish charging stations across India. The two companies will focus on coming up with solutions that will encourage more people to adopt EVs in the country. Additionally, the two companies will also work on introducing a new mode of payment system through a co-branded RFID card, which will make the whole charging experience hassle-free.
Balaje Rajan, Chief Strategy Officer, Tata Passenger Electric Mobility Ltd. said, “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.”
(Also Read: Tata Motors Reveals New Brand Identity For EV Business)
Formed in 2023, TPEM leads the EV segment with a market share of over 68 per cent. The introduction of the new Punch EV earlier this year has expanded its portfolio to four offerings - which makes it the most from an Indian brand. It also unveiled its first EV-exclusive showroom in Gurgaon - all of which speaks volumes about the brand’s commitment to bringing forth an EV revolution in India.
On the other hand, Hindustan Petroleum boasts a nationwide network of over 21,500 fuel stations. It has already installed 3050 EV charging stations across the country (including battery swapping stations) and by December 2024 it plans to increase this number to 5000.
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