BPCL, Tata Motors subsidiary signs MoU to set up 7000 EV charging points by 2024
Tata Motors subsidiary, Tata Passenger Electric Mobility Ltd. (TPEM), signed a Memorandum of understanding (MoU) with Bharat Petroleum Corporation Limited (BPCL) to install 7000 Electric Vehicle (EV) charging points across India by 2024 on December 8, 2023. The location of these EV charging points is going to be determined by using the insights collected from over 1.15 lakh Tata EV users on Indian roads and BPCL's fuel station network.
The shares of BPCL closed in red at ₹470.50, down 0.78 per cent on December 8, 2023, on BSE. Meanwhile, the shares of Tata Motors closed in red at ₹714.65, down 1 per cent on December 8, 2023, on BSE. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Ltd., and Tata Passenger Electric Mobility Ltd., raised the importance of EV adoption in the country to tackle air pollution issues.
"Wide-spread and reliable charging infrastructure will be a key catalyst for accelerating EV adoption in India," said Chandra. Speaking on how the EV charging points will be set up, Chandra said, "EV usage insights and BPCL's formidable nationwide network" will decide the locations. BPCL owns around 21000 fuel station networks across India, out of which 7000 fuel stations will have EV charging points, targeting Tata EV users.
Read more on livemint.com
