In recent years, India has seen a significant increase in demand for electric vehicles (EVs). To meet this growing need, essential players in India’s automotive sector, including Tata Motors, are actively meeting the demand for EVs. In a significant development, Tata Motors, through its subsidiary Tata Passenger Electric Mobility Limited (TPEM), has signed a MoU with Bharat Petroleum Corporation Limited (BPCL), India’s leading petroleum company.
This strategic collaboration is an essential milestone in the EV industry. The MoU signed between the Tata Motors subsidiary and BPCL is set to usher in a new wave of EV adoption in India. The agreement, signed on December 8, 2023, outlines a plan to install 7,000 EV charging points across India by 2024. The deal formalized through an MOU, is set to revolutionize the electric mobility landscape in the country.
This collaborative effort aims to reduce charging infrastructure barriers EV owners face, increasing charging convenience for electric vehicle users nationwide. As part of this agreement, plans are underway to install charging stations on major highways, ensuring that an EV charging station is available every 100 kilometers, providing long-distance mobility for EV owners. Travel will get a significant boost.
BPCL, with its vast network of over 21,000 petrol pumps across India, is set to play a vital role in supporting Tata Motors’ endeavor in the EV segment. The scheme involves setting up 7000 electric charging points at these existing petrol pump locations, leveraging BPCL’s vast network.
Tata Motors holds a significant share of over 71% of India’s electric vehicle market. This collaboration reflects Tata Motors’ commitment to meet the country’s growing demand for electric vehicles.
The recent collaboration between BPCL and Tata Motors is a transformational step in India’s electric vehicle landscape. It is expected to increase the demand for EVs further, supporting India’s government initiative to support and promote electric vehicles.
