TVS Motor and Tata Power join hands to develop electric two-wheeler charging eco-system in India

As part of the MoU, the two companies agreed to drive the comprehensive implementation of Electric Vehicle Charging Infrastructure (EVCI) across the country and deploy solar power technologies at locations of TVS Motor.

TVS Motor Company, one of the leading manufacturers of two-wheelers and three-wheelers globally, has entered into a strategic partnership with one of India's largest integrated power company, Tata Power. As part of the MoU, the two companies agreed to drive the comprehensive implementation of Electric Vehicle Charging Infrastructure (EVCI) across the country and deploy solar power technologies at locations of TVS Motor. 

The partnership aims to create a large dedicated electric two-wheeler charging infrastructure to accelerate electric mobility in the country. This will ensure that the customers of TVS iQube Electric get access to the widespread charging network by Tata Power through the TVS Motor customer connect app and Tata Power EZ Charge app across India. It aims to create a regular AC charging network and a DC fast-charging network for electric two-wheelers. This partnership will further help drive EV adoption in the country among two-wheeler customers who aspire to take a step in shifting to electric. 

With increasing concerns about global climate change developments, solar energy will play a vital role going forward. Expanding technologies in solar energy will play an important role in the shift towards clean energy adoption by different consumers. With this intent, the two companies will also explore opportunities to use solar energy to power select TVS Motor locations in their journey towards sustainability. 

At 11:05 am on Wednesday, the share price of Tata Power was trading 2.2 per cent down at Rs 175.40 on BSE, while TVS Motor was trading 1.26 per cent down at Rs 554.70. 

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