Tata Power share price currently has over 500+ charging stations. These are spread across 100+ cities at various points such as shopping malls, theatres, metro stations, highways and petrol pumps. Tata Power financials and Hindustan Petroleum Corporation Limited (HPCL) have entered into an agreement in which Tata Power will install its EV charging stations at HPCL outlets situation on highways and in various cities across the country. The agreement plays a key role in Govt’s National Electric Mobility Mission Plan (NEMMP), formed for developing charging infrastructure with latest technology.
Empowered with Tata Power’s EZ mobile application, Tata Power value research will be providing EV charging infrastructure at HPCL stations for EV users. Tata Power is also present in various charging variants like workplace charging, public place charging and home chargers.
Sandeep Bangia who is the head of EV charging in Tata Motors said that the strategy will provide Tata Power technical analysis access to HPCL’s vast network of stations. The move comes as a tremendous benefit for EV users. The increase in the number of EV stations will not only provide an ease of access for charging but also users will have less to worry about the range of travel. Sai Kumar Suri, ED Retail of HPCL said that HPCL with its vast network and Tata Power annual result with its expertise in EV charging technology will be able to provided end to end solutions in developing a pan India charging eco-system
With the availability of new EV charging stations, the problem regarding potential customers who were not sure about purchasing EVs due to less charging stations, has been solved. This might improve the demand for EVs and will eventually lead to more OEMs focusing on EVs production.
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