Tata Power signs MoU with Tata Motors to set up 200 fast-charging stations for electric commercial vehicles

The company reported that the project will be executed in metro cities including Mumbai, Delhi, Chennai, Bengaluru, and Kolkata. Under the strategic move, the companies will provide charging solutions for small electric commercial vehicles and sustainable mobility solutions.

Tata Power said that the companies will provide exclusive charging tariffs for Tata Motor’s electric commercial vehicle owners. The company will also expand this initiative across the country and will set up 1,000 strategically located fast chargers.

Tata Power stated that its EZ Charge brand has seen expansion with over 1,00,000 home chargers and over 5,500 public, semi-public, and fleet charging points. Additionally, the company has over 1,100 bus charging points across 530 cities and towns.

Vinay Pathak, vice president and business head of SCV & PU at Tata Motors, said that the collaboration with Tata Power will help transform and develop the electric commercial landscape. Additionally, the companies will aim to maximise renewable energy usage to further efforts for sustainable operations.

“It has been our endeavour to not only engineer and manufacture worldclass electric vehicles, but also help develop the necessary ecosystem to democratize the use of these eco-friendly and emission-free vehicles,” he said.

Tata Power recently announced that it had commenced production of solar cells at India’s largest single-location 4.3 gigawatt solar cell and module manufacturing plant. The plant is located in Tirunelveli, Tamil Nadu. The company stated that the facility will accelerate domestic manufacturing and is equipped with modern technology which will enhance solar cell efficiency.

Shares of the company have risen by nearly 35% since the beginning of the year. The stock has gained over 68% in the past year.