In another major step towards the development of Nagpur, India's first electric vehicle (EV) charging station was started by Indian Oil Company BSE -0.99 % Corp (IOC BSE -0.99 %).
The PSU oil companies are also entering the sector after the union transport Minister Nitin Gadkari’s constant call for the use of electric vehicles.
Two major Oil companies Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Limited (HPCL), launched charging points for electric cars at each one of their petrol pumps at RBI Square and Lakadganj respectively.
An IOC release says, "Nagpur, being the first city to introduce the electric public transportation model in India, has added one more feather to its cap by adding the first electric charging station at Indian Oil's COCO (company-owned, company-operated) fuel station in the city."
Executive Director (Maharashtra) Murali Srinivasan said: "We applaud Ola for building the electric vehicle eco-system from a nascent stage in Nagpur and are happy to partner with them in their efforts."
There are also plans to gradually expand the operations in Nagpur as well as other cities.
"A meeting was held at the district collectorate a few months ago and all the three PSU oil companies were requested to shortlists 10 pumps for setting up the stations," TOI quoted a source involved in the development.
Initially, both IOC and HPCL are starting with one charging station each. 12 sites of the companies have been approved by the petroleum and safety organization (PESO), the government agency which regulates safety in the sector.
IOC has tied up with cab services Ola as currently, they are running electric cabs. On the other hand, HPCL has directly purchased a charging dock and the service is open to all vehicles.
Ola which started its first electric car in May, this year, also has its own charging station at the airport.
"We have already started calling IOC as an energy company. This means, apart from oil, we are also eyeing other forms of renewable energy.IOC owns as much as 50% of the retail outlets, which are being eyed as potential charging stations. Apart from Nagpur, charging station will be started in Vijayawada and Vizag," said Murali Srinivasan, the company's executive director (marketing) for Maharashtra.
Information Source: TOI
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