Vakrangee will install EV charging stations across India through its Nextgen Vakrangee Kendra outlets. It has 3,504 Nextgen Vakrangee Kendra outlets in 19 states in India with 68% outlets in Tier 5 and Tier 6 cities.
Vakrangee to install EV charging stations across India
The company is planning to increase to the Kendra outlets to 75,000 by FY2021-22 and 3,00,000 outlets by FY2024-25.
The Vakrangee is a technology-driven company, focusing on creating India’s largest network of last-mile outlets that offers the real-time banking and services, ATM, insurance, e-governance, e-commerce, and logistics services to the rural, semi-urban and urban markets.
The stores the company are called “Vakrangee Kendra” which serves as the “one-stop shop” offering various services and products.
The company in a statement said that it is planning to hold the presence by enabling EV charging facility through its network of retail outlets. They are planning and focusing to increase the bouquet of services available at our Nextgen kendras.
EV charging infrastructure
“For all operators who want to set up electric vehicle services in India, It will make sense for them to leverage our charging infrastructure rather than building one of their own. We are building a large charging footprint on a pan-India basis through our network of Nextgen Vakrangee Kendra outlets,” the company added.
Executive chairman Dinesh Nandwana
Executive chairman Dinesh Nandwana, said, “We believe that the electric vehicle space is a huge growth opportunity for the coming years and we want to be future ready by developing a pan-India footprint of EV charging infrastructure. We would be an enabler by providing the distribution platform for the EV charging facility through our partnership with the EV service providers.”
Government push for EVs
Government to push EVs proposed that additional income tax will be a decrease of Rs.1.5 lakh on the interest paid on loans taken on the purchase of the EVs during the budget presentation 2019.
Finance Minister, Nirmala Sitharaman
The Finance Minister, Nirmala Sitharaman said that this step will benefit to around ₹2.5 lakh to customers while paying the loan.
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