Vakrangee plans to offer electric vehicle (EV) charging across India at its retail outlets.
It has 3,504 Nextgen Vakrangee Kendra shops in 19 states, 366 districts and 2,186 postal codes. Around two thirds are in Tier 5 and 6 cities.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The target is 75,000 chargers by fiscal year 2021-22 and 300,000 outlets by FY2024-25.
The outlets provide access to ATMs and some government services and are considered ideal for EV chargers.
The company suggested it could provide charging infrastructure for any company entering the Indian EV sector.
Chairman Dinesh Nandwana said: "We believe that the electric vehicle space is a huge growth opportunity for the coming years and we want to be future ready by developing a pan India footprint of EV charging infrastructure.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"We would be an enabler by providing the distribution platform for the EV charging facility through our partnership with the EV service providers."
The government expects 25% of vehicles on Indian roads to be electric by 2030, necessitating a robust electric vehicle (EV) charging infrastructure across the country, the union housing and urban affairs ministry has said.
Guidelines say there should be at least one station every 25km on each side of highways and main roads.
