An Indian Company Plans to Build 1,000 Charging Stations for Electric Vehicles

Although India participated in the race of producing electric vehicles (EVs) later than other countries in the world, it is showing a good motivation to change vehicles that cause pollutions for the Earth. It is known that some Indian private aggregators have been working to make the dream of environmentally-friendly vehicles come true. One typical example is Tata Power Ltd. Recently, this company has revealed that it is planning to build about 1,000 charging stations in the National Capital Region (NCR).

According to the Managing Director of the company, Praveer Sinha, the company planned to build various facilities for EVs in India. So far, Tata Power has had only 21 points of charging in the cities of Delhi, Mumbai, and Hyderabad. With this ambitious mentioned plan, the company is expected to build additional 1,000 new points throughout the NCR area. The total investment for this plan is estimated at a huge amount of about Rs 700 million. And Maharashtra is preparing to build 100 new charging points.

In addition, Tata Power wants to cooperate with some large petroleum companies in India like Hindustan Petroleum, Indian Oil, and Bharat Petroleum to implement the plan of setting up more charging stations where both commercial and private vehicles can be supported. Furthermore, the company also shows its ambition in this plan when it plans to sign various partnerships with its franchises and other businesses like hospitals, hotels, metro stations, and malls, etc.

Thanks to these above partnerships, the company can target to reduce its involvement in the investment of real estate and completely focuses on the construction of the charging stations for electronic vehicles in the NCR region. Moreover, it also hopes to develop its cross-selling business through this plan.