Tata Motors and HPCL sign MOU

Tata Motors sign MOU with Hindustan Petrochemicals Corporation Ltd. for Charging Station across India

Tata Passenger Electric Mobility Ltd. (TPEM), a trailblazer in India’s electric vehicle revolution, has inked a memorandum of understanding (MOU) with Hindustan Petroleum Corporation Ltd. (HPCL) to collaborate on setting up public charging stations nationwide. This strategic partnership capitalizes on HPCL’s extensive fuel station network and TPEM’s vast experience garnered from over 1.2 lakh Tata EVs traversing Indian roads. The goal is to install chargers at locations frequently visited by Tata EV owners, enhancing accessibility and convenience. Moreover, HPCL plans to utilize data insights from charger usage to enhance the overall customer experience.

The collaboration between TPEM and HPCL is geared towards enhancing the EV ownership experience in India and encouraging more individuals to embrace electric vehicles. One of the key initiatives under consideration is the introduction of a seamless payment system via a co-branded RFID card, simplifying the charging process for users.

While TPEM commands a dominant market share of over 68% in the electric passenger vehicle segment, HPCL boasts a vast network of over 21,500 fuel stations across the country, demonstrating a shared commitment to sustainability. HPCL has ambitious plans to install 5,000 electric vehicle charging stations by December 2024, further bolstering the charging infrastructure in India.

Balaje Rajan, Chief Strategy Officer of Tata Passenger Electric Mobility Ltd. and Tata Motors Passenger Vehicles Ltd., emphasized the pivotal role of robust charging infrastructure in mainstreaming EV adoption in India. He highlighted the strategic significance of the partnership with HPCL in advancing the country’s EV ecosystem.

Debashis Chakravarty, Chief General Manager of Retail Strategy & BD at HPCL, underscored the alliance’s significance in leveraging Tata Motors’ extensive vehicle base to expand EV charging infrastructure, thereby addressing range anxiety among EV customers.

The partnership between TPEM and HPCL signifies a concerted effort to accelerate India’s EV growth trajectory by ensuring ubiquitous and convenient charging infrastructure, a crucial factor in driving EV adoption. Through collaborative initiatives, these industry leaders aim to propel India’s EV ecosystem into its next phase of growth.