MG Motor, HPCL to partner for building EV charging infrastructure

29 May 2024 , 02:26 PM

MG Motor India said on Wednesday that it has partnered with Hindustan Petroleum Corporation Limited (HPCL) to improve EV charging infrastructure across the country. According to the agreement, MG and HPCL will build 50kW/60kW DC fast chargers at critical places across India, including highways and cities, the manufacturer stated in a statement.

The alliance aims to provide convenience to EV customers by boosting the availability of EV chargers during long-distance and intercity travels, it said.

“HPCL’s extensive network and substantial presence in India will ensure that existing and prospective EV users across the country have convenient access to our charging solutions,” said Gaurav Gupta, Chief Growth Officer at MG Motor India.

Rajdip Ghosh, HPCL’s Chief General Manager for Highway Retailing, stated that the firm has a statewide network of over 22,000 fuel stations and is committed to a sustainable future by offering customers with green fuel.

Furthermore, HPCL intends to create 5,000 electric vehicle charging stations by December 2024, he stated.

“Through this collaboration with MG Motor India, HPCL shall utilise the vehicle base of MG to expand the utilisation of its chargers installed across India,” Ghosh stated.

Hindustan Petroleum Corporation Limited (HPCL) is an Indian public sector company operating in the petroleum and natural gas industries. Headquartered in Mumbai, it functions as a subsidiary of the Oil and Natural Gas Corporation (ONGC), which is owned by the Ministry of Petroleum and Natural Gas, Government of India.

At around 2.21 PM, HPCL was trading 0.89% lower at ₹271.85, against the previous close of ₹274.30 on NSE. The counter touched an intraday high and low of ₹273.80, and ₹270.25, respectively.

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