According to an agreement of understanding between the two enterprises, solar power technology will be deployed at TVS Motor’s designated locations.
TVS Motor Company, India’s third-largest two-wheeler manufacturer, has formed a strategic alliance with Tata Power to build electric vehicle charging infrastructure (EVCI) in the country.
According to a memorandum of understanding between the two enterprises, solar power technology will be deployed at TVS Motor’s designated locations. To advance electric mobility in India, the collaboration plans to build a big specialised electric two-wheeler charging infrastructure.
According to a statement from TVS Motor, the arrangement will give TVS iQube Electric customers access to Tata Power’s charging network. A normal AC charging network and a DC fast-charging network for electric two-wheelers are both goals of the alliance. It will also aid in EV adoption among two-wheeler users who want to take the first step toward turning electric in the country.
“Through world-class fast-charging solutions, our alliance will significantly improve customer convenience. We envision a comprehensive and reliable charging infrastructure for two and three-wheeler EV customers across India, in line with TVS Motor’s objective of electrification,” Sudarshan Venu (joint managing director of TVS Motor).
In their quest for sustainability, the two firms will also look at using solar energy to power select TVS Motor facilities.
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The agreement with Tata Power is in keeping with the company’s commitment to increase TVS iQube Electric’s footprint in over 25 cities over the next few months. In Delhi, Bangalore, Chennai, Pune, Kochi, Coimbatore, Hyderabad, Surat, Vizag, Jaipur, and Ahmedabad, the electric scooter is currently available.
“Through this collaboration, we will further leverage our expertise to improve synergy between sustainable mobility and renewable energy integration, resulting in the creation of a robust EV charging eco-system across India,” said Praveer Sinha, Tata Power’s chief executive officer and managing director.
Tata Power operates a nationwide network of over 5,000 home chargers and 700 public chargers in over 120 Indian cities. The company has deployed all sorts of chargers, including DC and AC chargers, throughout all segments of the EV ecosystem, including public charging, captive charging, residential and workplace charging stations.
It also has experience implementing major solar projects, including the world’s largest rooftop (16MW) at a single location at Radhasoami Satsang Beas (RSSB) in Amritsar.
Owing to this partnership Tata Power Company’s stock rose 6.5 percent intraday on October 5 to a 52-week high of Rs 179.65, following the announcement of a partnership with TVS Motor Company for the implementation of electric vehicle charging infrastructure (EVCI)
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