Tata Power EV Charging Solutions Limited joins hands with VE Commercial Vehicles to Accelerate Electric Mobility

Tata Power EV Charging Solutions Limited (TPEVCSL), a subsidiary of Tata Power Renewable Energy Limited (a subsidiary of The Tata Power Company Limited), and VE Commercial Vehicles Limited (VECV) today announced a landmark collaboration to accelerate the adoption of electric commercial vehicles in India, with a focus on the recently launched Eicher Pro X range of Small Commercial Vehicle.

Under this MoU, both companies will collaborate on multiple fronts to support truck and bus operators looking to introduce electric vehicles in their operations. While The Tata Power Company Limited (Tata Power) will leverage its extensive EV charging infrastructure and expertise in providing customized charging solutions, VECV will contribute its domain expertise in energy efficiency to optimize energy usage in electric trucks, ensuring that the vehicles meet the specific needs of end-users and their applications. Together, they will actively engage with Eicher Trucks and Buses customers to promote the transition to electric mobility, enabling a cleaner, more sustainable future for India's transport sector.

The partnership will focus on developing and implementing innovative solutions to address specific challenges such as range anxiety, charging infrastructure availability, and related cost. Additionally, the collaboration will actively facilitate 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.

Tata Power has expanded its EV Charging network under the brand name of EZ Charge to over 1.5 lakh+ home chargers, 5,500+ public, semi-public, and fleet charging points, along with 1,200+ E-bus charging points across 630+ cities and towns. Overall, Tata Power EZ charge has 4 lakh+ registered customers. These chargers have been strategically deployed at diverse and accessible locations such as highways, hotels, malls, hospitals, offices, bus and commercial vehicle depots, residential complexes, etc. This concerted effort has been instrumental in facilitating the exponential growth of electric mobility in India.

Shares of Tata Power Company Limited was last trading in BSE at Rs. 388.75 as compared to the previous close of Rs. 387.95. The total number of shares traded during the day was 346499 in over 3812 trades.

The stock hit an intraday high of Rs. 392.05 and intraday low of 386.20. The net turnover during the day was Rs. 135343974.00.

Source : Equity Bulls

Keywords

TataPowerCompany INE245A01021 TataPowerRenewableEnergy TataPowerEVChargingSolutions VECommercialVehicles Collaboration