Tata Power EZ Charge, VECV team up to accelerate electric commercial vehicle adoption in India; shares rise over 1%

Tata Power EV Charging Solutions Limited (TPEVCSL), a subsidiary of Tata Power Renewable Energy Limited, and VE Commercial Vehicles Limited (VECV) have announced a collaboration aimed at boosting the use of electric commercial vehicles across India.

VECV is a joint venture between the Volvo Group and Eicher Motors Limited.

The Memorandum of Understanding (MoU) puts a focus on the recently launched Eicher Pro X range of small commercial vehicles.

Under the MoU, Tata Power EV Charging Solutions Limited (TPEVCSL) and VE Commercial Vehicles (VECV) will work together to support truck and bus operators looking to add electric vehicles to their fleets. Tata Power will provide customised charging solutions through its existing network, while VECV will bring its expertise in energy efficiency to ensure that electric trucks perform well and meet user needs.

The partnership aims to develop and implement innovative solutions to tackle challenges like range anxiety, charging infrastructure availability, and associated costs. Additionally, the collaboration will actively facilitate the deployment of other models in Eicher’s broad electric vehicle portfolio.

“With a focus on addressing critical factors that influence the adoption of electric trucks and buses, this partnership represents a transformative step towards modernizing India’s commercial mobility landscape. By combining innovative technologies, extensive infrastructure, and a commitment to sustainability, TPEVCSL and VECV aim to reshape the future of transportation, paving the way for a greener, more efficient commercial vehicle ecosystem,” the company said in an exchange filing.

Tata Power share price

Over the last five trading sessions, Tata Power shares declined 3.14%. On the other hand, the stock gained 2.53% in the last month. Further, the scrip advanced 2.36% over the past six months, while it declined 2.23% on a year-to-date basis.

The stock touched its 52-week high of ₹494.85 on September 27, 2024 and its 52-week low of ₹326.35 on February 17, 2025. The company’s market capitalisation stands at ₹1,23,116.43 crore as recorded on September 29.

About Tata Power

Tata Power Company Limited, a leading integrated power company and a part of the Tata Group, India's largest multinational business conglomerate, owns a diversified portfolio of 15.8 GW. This portfolio spans the entire power value chain, from renewable and conventional energy generation to transmission, distribution, trading, storage solutions, and solar cell and module manufacturing.