Tata Power, one of India's largest integrated power companies and a leading EV charging infrastructure provider has entered into a strategic partnership with Hyundai Motor India Ltd. (HMIL), the country's first smart mobility solutions provider and the largest exporter since its inception, to build a robust EV charging network and accelerate the adoption of EVs across India.
Through this association, Hyundai Motor India Ltd. would become a key contributor to expansion of quality charging infrastructure.
The MoU was signed between Tata Power and HMIL in the presence of Dr. Praveer Sinha, CEO & MD, Tata Power and Mr. Unsoo Kim, MD & CEO, Hyundai Motor India Limited at HMIL's Headquarters in Gurugram, Haryana.
Under the partnership, Tata Power will install Tata Power EZ Charge fast chargers (DC 60 kW) at HMIL's existing 34 EV dealer locations across 29 cities along with supply, installation, and commissioning of home charging for HMIL's EV customers. The association will make Tata Power and HMIL key contributors to the expansion of charging infrastructure. Currently, all 34 HMIL dealer locations are equipped with AC 7.2 kW chargers, and the company aims to expand the fast charging infra network across its pan India dealerships. This new partnership will be of tremendous benefit to customers as the vehicle charging time of a DC 60 kW charger is much lesser than AC 7.2 kW charger. DC 60 kW charging stations will enhance customer convenience.
Commenting on the strategic partnership, Dr. Praveer Sinha, CEO & MD, Tata Power said 'Our collaboration with Hyundai Motor India aligns with the Government of India's National Electric Mobility Mission Plan and demonstrates our commitment to leading India's clean energy and net-zero goals. Tata Power's expertise in EV charging space coupled with comprehensive charging solutions and countrywide ownership of Hyundai vehicles, will help in the development of sustainable mobility infrastructure, boosting faster EV adoption.'
Commenting on the announcement, Mr. Unsoo Kim, MD & CEO, Hyundai Motor India Limited, said, 'Realising Hyundai's global vision of 'Progress for Humanity' and in line with our new brand direction of going 'Beyond Mobility, Hyundai Motor India is glad to announce its partnership with Tata Power to facilitate and strengthen India's robust EV ecosystem and enhance the general outlook on sustainable transportation, reaffirming Hyundai's vision to integrate social responsibility with economic prosperity and community wellness. Such strategic partnerships are fundamental in accelerating the adoption of Electric Vehicles by customers to achieve the national goal of carbon neutrality. This partnership will power up the nation's electric mobility mission by offering end-to-end EV charging infrastructure at HMIL dealerships along with supply, installation, and commissioning of home charging for HMIL EV customers, thereby, enhancing customer convenience and ease of adoption of Electric vehicles.'
Under the collaboration, the charging stations at HMIL dealerships will be open for all-electric vehicle customers. Additionally, end-to-end charging solutions at the home of HMIL's EV owners will be offered by Tata Power for their convenience resulting in hassle-free EV ownership.
HMIL dealerships will facilitate with space, and necessary administrative approvals, and Tata Power will invest, own and operate the charging stations. Easy accessibility of charging stations through HMIL and Tata Power EZ Charge Mobile App will provide smooth vehicle charging experience to customers across the country.
Tata Power is India's leading provider of EV charging solutions, with over 1500 public and semi-public EV chargers installed and another 550+ chargers in various stages of installation. The company also has a network of 13000+ Home chargers (for private use) & 200+ Bus charging points installed across India.
Tata Power and Hyundai Motors India Ltd. (HMIL) signed an MoU to enter into a strategic partnership to facilitate a robust EV charging network and accelerate the adoption of EVs across India. The MoU was signed in the presence of Dr. Praveer Sinha, CEO & MD, Tata Power and Mr. Unsoo Kim, MD & CEO, Hyundai Motor India Limited at HMIL's Headquarters in Gurugram, Haryana.
About Tata Power
Tata Power (NSE: TATAPOWER; BSE: 500400) is one of India's largest integrated power companies and together with its subsidiaries and jointly controlled entities, has an installed/managed capacity of 13,635 MW. The Company has a presence across the entire power value chain - generation (renewable, hydro and thermal power), transmission & distribution, coal & freight, logistic, trading and consumer-facing solar rooftop and Electric Vehicle Charging businesses. The company had developed the country's first Ultra Mega Power Project in Mundra (Gujarat) based on super-critical technology. With 4.8 GW of clean energy generation from solar, wind, hybrid plants accounting for more than one-third of the overall portfolio, Tata Power is a leader in clean energy generation. Tata Power has successful public-private partnerships in generation, transmission & distribution of power in India. It is currently serving more than 12 million consumers through its Discoms, in the state of Odisha and parts of Delhi and Mumbai. With a focus on sustainable and clean energy development, Tata Power is steering the transformation as an integrated solutions provider by looking at new business growth in distributed generation through rooftop solar and microgrids, EV charging infrastructure, ESCO, home automation & smart meters et al. With a 107-year track record of technological innovations, project execution excellence, world-class safety systems, customer care and green initiatives, Tata Power is well-positioned for a multi-fold growth and is committed to lighting up countless lives.
About Hyundai Motors India Limited
Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC). HMIL is India's first smart mobility solutions provider and the number one car exporter since inception in India It currently has 11 car models across segments SANTRO, GRAND i10 NIOS, All New i20, i20 N Line, AURA, VENUE, Spirited New VERNA, All New CRETA, ALCAZAR, New TUCSON & KONA Electric. HMIL's fully integrated state-of-the-art manufacturing plant near Chennai boasts of advanced production, quality, and testing capabilities.
HMIL forms a critical part of HMC's global export hub. It currently exports to around 85 countries across Africa, the Middle East, Latin America, Australia, and Asia Pacific. To support its growth and expansion plans, HMIL currently has 555 dealers and more than 1 414 service points across India. In its commitment to provide customers with cutting-edge global technology, Hyundai has a modern multi-million-dollar R&D facility in Hyderabad. The R&D centre endeavour's to be a centre of excellence in automobile engineering.
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