Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
19 April, 2024 19:39 IST
Tata Power launches electric vehicle charging stations in Hyderabad
Source: IRIS | 18 Jul, 2018, 03.45PM
Rating: NAN / 5 stars.
Comments  |  Post Comment

Tata Power, India's largest integrated power company, today announced setting-up of three fast charging Electric Vehicle (EV) stations at the Hyderabad campus of leading IT firm Cognizant. After recently launching Mumbai's first EV charging infrastructure, with nine charging stations across significant locations, Tata Power will expand to Hyderabad to encourage people to shift from vehicles run on fossil fuels to eco-friendly electric vehicles.

The two Tata group companies, Tata Power and Tata Motors, will jointly execute the consolidated e-mobility solution as part of Cognizant's 'Go Green' programme for its employees in Hyderabad. While Tata Motors will supply 10 Tigor Electric Vehicles (EVs), Tata Power will provide the necessary electric mobility infrastructure by installing three charging stations at the company's sprawling campus.

Praveer Sinha, CEO & Managing Director, Tata Power said, ''With the deployment of the fast charging EV stations in Hyderabad we are happy to make the city more conducive towards a pollution free environment.

This is in line with our endeavor to accelerate the adoption of electric vehicles across the country by providing the much-needed mobility infrastructure to support EV growth.''

Shailesh Chandra, President, Electric Mobility Business and Corporate Strategy, Tata Motors said, ''We at Tata Motors, are extremely committed to the Government's vision of e-mobility in India. We are excited to be associating with Cognizant to provide them with a comprehensive solution towards the goal of a sustainable future, with our 'One Tata’ approach, involving our other group companies. We will continue to strengthen our portfolio of EV offerings across our passenger and commercial vehicles, to meet future requirements.''

Recently Tata Power partnered with Tata Motors to offer EV solutions and make Maharashtra EV ready by establishing EV charging stations in the State for public use. Tata Motors Limited has signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to support the Maharashtra Electric Vehicle Policy (2018) in accelerating the adoption of Electric Vehicles in Maharashtra.

Shares of the company declined Rs 1, or 1.41%, to trade at Rs 69.70. The total volume of shares traded was 222,279 at the BSE (3.30 p.m., Wednesday).



 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer