Tata Power, Tata Motors to Set Up 200 EV Fast-Charging Stations

13 Sep 2024 , 10:41 AM

Tata Power EV Charging Solutions Ltd has signed an MoU with Tata Motors Ltd on September 12 to establish 200 fast-charging stations for electric commercial vehicles.

The charging stations will be set up in key metro cities like Mumbai, Delhi, Chennai, Bengaluru, and Kolkata to support the growth of electric vehicle (EV) adoption.

Tata Power EV Charging Solutions Ltd is a subsidiary of Tata Power Renewable Energy Ltd, under Tata Power. The collaboration focuses on providing seamless and accessible charging for small electric commercial vehicles (CVs).

At the time of writing, shares of Tata Motors are trading at ₹996.80 which is a 1.08% gain than the previous close. Tata Motors has gained a total of 59% in the last one year, and almost 26% since the beginning of the year.

Tata Motors and Tata Power will offer exclusive charging tariffs to electric CV owners, helping to reduce operational costs and increase profitability.

This initiative is part of their broader efforts to promote sustainable mobility and ease of EV charging solutions for commercial vehicles.

Vinay Pathak, Vice President at Tata Motors, emphasized that this partnership aims to enhance the electric commercial vehicle landscape with convenient fast chargers across India.

Tata Power’s EZ Charge network has over 1,00,000 home chargers, 5,500+ public and semi-public charging points, and 1,100+ bus charging stations across 530 cities and towns.

Deepesh Nanda, CEO of Tata Power Renewable Energy, highlighted the company’s efforts to expand its EV charging network to the commercial vehicle segment for integrated charging solutions.