Tata Passenger Electric Mobility Limited (TPEM) has signed a deal with Hindustan Petroleum Corporation Limited (HPCL) to expand electric vehicles (EV) charging infrastructure in India.

Both the companies together will build EV charging stations at more than 21000 fuel stations (petrol pumps) of HP located in major locations of the country. This will directly benefit 1.2 lakh Tata EV customers.

Companies working with RFID for convenient payments

Both companies are also working with Radio Frequency Identification (RFID) for convenient payments at charging stations. Tata has 68% share in India's EV market. At the same time, HPCL is working on the target of installing 5,000 EV charging stations by December 2024.

Tata's CSO said - EV will go mainstream due to increase in charging stations

Balaje Rajan, Chief Strategy Officer, Tata Passenger Electric Mobility and Tata Motors Passenger Vehicles, said, 'As EV purchases are increasing in the country, increasing charging station infrastructure will help in bringing EVs into the mainstream in India.

Our partnership with HPCL will play an important role in our dream of making the EV market big and advanced in India. This partnership was necessary to increase the growing EV consumer base in India.

HPCL's GM said - This will solve the range problems

HPCL Chief General Manager, Retail Strategy & BD Debashish Chakraborty said, 'HPCL has entered into this alliance with Tata Motors by taking together its more than 21000 fuel stations. Through this alliance, HPCL will be able to mitigate the range issues of EV customers by expanding EV charging infrastructure at high demanding charging locations.

Tata has more than 68% share in EV market

Tata Passenger Electric Mobility Limited is the market leader in the electric passenger vehicle segment with over 68% share. The company sold a total of 69,153 units of EV in 2023. Tata Motors will launch Curve, Harrier EV, Sierra and Altroz EV this year.

Possibility of further reduction in battery cell prices

Vivek Srivatsa, Chief Commercial Officer, TPEM, said: 'Battery cost is a large part of the overall cost of an EV. Battery cell prices have declined in recent times and may decline further in the coming days. In such a situation, we have chosen to pass this benefit on to the customers. Nexon and Tiago have now become more attractive for customers.