Tata Power to install 700 EZ charge EV charging
Tata Power is one of the largest integrated utility energy players in India is making its way in the electric vehicles segment by creating a national network of charging infrastructure. The company is planning to have a network of over 700 EV charging stations by 2021.
The company says that the growth in demand for EVs is expected to grow in FY2019-20 over 150,000 electric vehicles were sold in India against 135,000 in FY2018-19 records 20% jump in sales.
The amount is less than 1 per cent of total vehicles sold in the county last fiscal.
In the current financial year, Tata Power says it will work closely with the EV industry to enable India’s large scale migration to clean transportation across all segments including two and four-wheelers.
The company will be investing to expand its network of smart EV charging points from around 170 now to over 700 by end of the current financial year under the brand name of Tata Power EZ charge.
Praveer Sinha, CEO and MD, Tata Power said, “Despite the protracted slump in the Indian automotive sector, we continue to remain bullish about the future of the country’s mobility business and we believe that large-scale shift to clean mobility is inevitable. With the right policy framework in place, large domestic demand for clean mobility solutions and consistent drop in the total cost of ownership of EVs are strong signs of the direction in which India is moving. Over the last two years, we have been investing in a national network of charging infrastructure and expect to expand this further during the current financial year too.”
Recently, Jaguar Land Rover India has announced its partnership with Tata Power to offer electric vehicles charging solutions. Tata Power will offer charging solutions for Jaguar Land Rover in India across its 27 retail networks in 24 cities at customer’s office or homes.
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