Hindustan Petroleum Corp is an Indian oil refiner is planning for a pilot program for swapping batteries for electric two-wheelers and three-wheelers at its outlets by December.
HPCL to set up EV battery swapping pilots in India
This initiative is been taken to help the company to walk with the flow, on a segment of the mobility market where growth is witnessed rapidly every day said according to the people familiar the matter.
The two-and three-wheelers are the most used segments in the auto industry. It counts 80% of all the vehicle categories.
EV battery swapping pilot
This program will take place in Maharashtra’s city Thane and will allow consumers to replace the depleted batteries with fully charged in just a few seconds.
This option is much easier than waiting for hours to charge your EVs.
This initiative will help the electric vehicles to grow and it also includes the charging stations at seven of its retail outlets as of March. The company is also planning to collaborate with Tata power to set up more such EV charging stations.
Adoption of electric vehicles risks fuel business
The adoption of electric vehicles and people switching the fuel preference may risk the fuel business said the HPCL report.
There are some Indian startup companies such as Sun Mobility and Lithion Power Pvt. presently offers the swapping services for the electric two- and three-wheelers and some buses.
Last year, the battery swapping pilot was launched near New Delhi by a Sweden’s Clean Motion and Finnish utility Fortum Oyj’s India unit.
HPCL is an Indian oil and natural gas company with its headquarters at Mumbai, Maharashtra. HPCL is not only the company to looking forward to the cleaner transition but also State-run NTPC Ltd. and Bharat Heavy Electricals Ltd. also announced their plans to install electric vehicles charging stations.
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