Tata Power EV Charging Solutions Ltd on Thursday (September 12) said it has signed a memorandum of understanding (MoU) with Tata Motors Ltd to set up 200 fast-charging stations for electric commercial vehicles across metro cities, including Mumbai, Delhi, Chennai, Bengaluru, and Kolkata.
Tata Power EV Charging Solutions Ltd is a subsidiary of Tata Power Renewable Energy Ltd, which in turn is a subsidiary of Tata Power. The initiative aims to provide seamless and accessible charging options for small electric commercial vehicles (CVs), supporting the growth of EV adoption in urban centres.
Tata Motors and Tata Power will offer exclusive charging tariffs to Tata Motors’ electric CV owners, enabling reduced operational costs and improved profitability. This strategic move expands their ongoing collaboration in providing sustainable mobility solutions, with a focus on easy charging solutions for small electric commercial vehicles.
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Vinay Pathak, Vice President & Business Head, SCV&PU, Tata Motors, said, “We are pleased to strengthen our partnership with Tata Power to transform the electric commercial vehicle landscape by ensuring ease of access of fast chargers at convenient locations across the country.”
Tata Power has expanded its network under the brand name of EZ Charge to over 1,00,000 home chargers, 5,500-plus public, semi-public, and fleet charging points, along with 1,100-plus bus charging stations across 530 cities and towns.
Deepesh Nanda, CEO and MD of Tata Power Renewable Energy, said, “With one of the largest EV charging networks across the country, Tata Power has been enabling electric vehicle owners through its reliable and accessible charging solutions across the country.”
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“Already present across diverse segments such as public, semi-public, bus/fleet, and home chargers, we are expanding to the commercial vehicle charging segment, delivering integrated EV charging solutions,” he added
Shares of Tata Motors Ltd ended at ₹986.05, up by ₹10.05, or 1.03%, on the BSE.