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Tata Power, HPCL ink MoU to set up EV charging stations

IANS  |  New Delhi 

on Thursday said it has signed an MoU with Corp (HPCL) for setting up (EV) at HPCL's and other locations across the country.

said in a statement that both companies also intend to explore areas of opportunity and collaboration in related sectors like

"and HPCL, through this new landmark MoU (memorandum of understanding), have agreed to collaborate in planning, development and operation of charging infrastructure for (e-cars, e-rickshaws, e-bikes, e-buses, etc.), at suitable locations across India," it said.

"It is a significant move towards expanding our services to our customers beyond conventional boundaries. By servicing through the proposed across India, Tata Power will be playing a crucial role in enabling a stronger penetration of EVs in the country," Tata Power said in a statement.

According to HPCL (Corporate Strategy Planning and Business Development) Rajnish Mehta, a major impediment to adoption is the range anxiety which needs to be addressed through establishment of nationwide charging infrastructure.

"A robust network of is very critical for market acceptability of EVs which will also ensure last-mile connectivity and thereby facilitate widespread adoption of EVs," Mehta said.

--IANS

bc/nir

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, September 27 2018. 16:44 IST
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