Tata Passenger Electric Mobility and HPCL partner to optimize EV charging infrastructure

Tata Passenger Electric Mobility Ltd. (TPEM), has signed an MOU with Hindustan Petroleum Corporation Ltd. (HPCL) to collaborate in establishing public charging stations across India. The collaboration will leverage HPCL’s widespread fuel station network and TPEM’s insights from over 1.2 lakh Tata EVs on Indian roads, to set up chargers at locations frequently visited by Tata EV owners. Additionally, HPCL will gather insights on charger usage to improve the customer experience.

To improve the experience of EV owners across India, this agreement between TPEM and HPCL aims to explore synergies between the two companies to encourage more people to adopt electric vehicles in the country. The two companies are also exploring the introduction of a convenient payment system through a co-branded RFID card, which will make the charging experience hassle-free.

Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoY

While TPEM is the market leader of EVs in India, commanding a market share of over 68% in electric passenger vehicles, HPCL boasts a nationwide network of over 21,500 fuel stations and is committed to a sustainable future. Furthermore, HPCL aims to install 5,000 electric vehicle charging stations by December 2024. With four products in its portfolio, TPEM has led the rise of the EV ecosystem in the country, right from introducing its first EV-exclusive store in Gurugram to working with various charge point operators to grow India’s charging infrastructure. On the other side, HPCL has installed a total of 3,050 EV charging stations, including battery swapping stations, across the country.

Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail deposits