Nagpur: With union transport minister Nitin Gadkari pushing use of Electric vehicles electric charging biz in Nagpur, PSU oil companies are entering the sector too. Both Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Limited (HPCL), on Sunday, launched charging points for electric cars at one of their petrol pumps each at RBI Square and Lakadganj respectively
There are plans to gradually expand the operations in Nagpur as well as other cities. This comes after Gadkari’s insistence to start points at petrol pumps Electric charging biz in Nagpur which can make battery charging convenient for electric car users, say sources.
At present, IOC and HPCL are starting with one charging station each. The petroleum and safety organization (PESO), the government agency which regulates safety in the sector, has given approvals for 12 sites of all the companies. The other stations are expected to open eventually.
Competition is already evident among the oil companies in the sector. IOC has tied up Ola which has electric cabs. Ola will be using the space at IOC’s retail outlet at RBI Square. HPCL, on the other hand, has gone one step ahead Electric charging biz in Nagpur. It has directly purchased a charging dock and the service is open for all vehicles.
In May this year, Ola flagged off its first electric taxi from the city. It has also tied up auto major Mahindra & Mahindra for buying 250 vehicles. The effort was backed by Gadkari. With Ola plying electric cars in the city, it makes the major client for the charging outlets.
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Ola has said it has started the country’s fast charging station which has the capacity to fully charge the battery in less than 90 minutes.
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