Delhi, 18 Feb, 2020 – According to a report, Tata Power plans to expand its network of EV charging stations to 700 by next year. The company has already set up 100 fast charging stations in various cities including Delhi, Mumbai, Bengaluru, Pune and Hyderabad, with plans to take it to 300 by March 2020.
Company CEO and Managing Director Praveer Sinha told, “We are mapping the locations where EVs have been launched and we will set up charging stations in those cities. We aim to take this number to around 700 by next year Have to go. “
The government’s decision to reduce the GST rate on EVs from 12 per cent to five per cent is expected to make EVs cheaper for consumers with an additional income tax deduction.
He said that the company is not only focusing on public places, but will also provide home EV charging stations.
“We will create infrastructure for home charging as well as public charging such as metro stations, shopping malls, theaters and highways,” Sinha said.
The company is already in talks with the Metro Rail Authority and the Municipal Corporation to set up an EV charging station. In addition, it will set up charging stations at Tata Group-owned.
Tata Power has also signed MoUs to set up commercial EV charging stations at HPCL, IOCL and IGL retail outlets. The company has already set up 30 stations In Mumbai, which is expected to be increased to 200 by next year. The standard 15 kW stations, companies could also consider setting up charging stations that would follow the 30-50 kW standards if demand increases. Said Sandeep Bangia head-EV and home automation.