Tata Steel is looking to ride India’s electric vehicle (EV) revolution with charging infrastructure as the firm plans to create infrastructure, provide engineering solutions, and anchor partnerships for the project.
While Indian Oil Corporation has partnered clean energy firm Fortum India for EV charging stations, Hindustan Petroleum is setting up charging stations with Tata Power.
At the recent unveiling of Hyundai's Kona sport utility vehicle, the firm said it was collaborating with Indian Oil Corporation in Mumbai, Delhi, Chennai, and Bengaluru to set up charging stations.
"Any charging station will require two to three partnerships and Tata Steel is very good at forming parnerships. We have done it in different businesses so Tata Steel is well placed to anchor the partnership,” said Tata Steel vice president marketing & sales, Peeyush Gupta.
Tata Steel is actively looking for partners and has already started discussions with people. But the company is clear that it would not be in the business of running the charging stations.
"Our operating model is to create and hand over. We don't want to run the charging station," said Gupta.
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