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Daily Newsletter

15 April 2024

Daily Newsletter

15 April 2024

Tata Passenger Electric Mobility, Shell partner on EV charging across India

Will also explore how to encourage EV adoption in the country

Dani Cole April 15 2024

Tata Passenger Electric Mobility (TPEM) has signed a non-binding MoU with Shell India Markets Ltd to establish public charging stations across India.

The firms say the collaboration will leverage Shell’s widespread fuel station network and TPEM’s insights from Tata’s EVs on the road. They will also investigate ways at encouraging EV adoption in the country.

Commenting on the partnership, Balaje Rajan, Chief Strategy Officer, Tata Passenger Electric Mobility Ltd. and Tata Motors Passenger Vehicles Ltd. Said: “Through this partnership, we aim to grow the existing charging infrastructure, which is crucial for mainstream adoption of EVs in the country, particularly as the customer base continues to expand.”

Sanjay Varkey, Director, Shell India Markets Private Limited added: “Shell is committed to define the EV charging experience by offering integrated solutions that prioritise convenience, safety, and sustainability.”

TPEM is the market leader of EVs in India, commanding a market share of 71% in electric passenger vehicles with four products in its portfolio.

Details of the number of planned charging stations have not been disclosed, though Shell EV Recharge locations provide reliable and ultra-fast charging, with a reported 98%-99% charger uptime.

Automotive Electric Motors Market Overview

Per GlobalData, the automotive electric motors market is expected to grow at a CAGR of >3% during 2023-2028. The automotive industry’s surge in demand for superior machine control is a major driver of the electric motor market’s expansion. The key trends shaping the automotive electric motors industry are increased demand for HVAC systems, electric vehicles, and renewable energy integration.

Automotive Electric Motors Market Overview

Per GlobalData, the automotive electric motors market is expected to grow at a CAGR of >3% during 2023-2028. The automotive industry’s surge in demand for superior machine control is a major driver of the electric motor market’s expansion. The key trends shaping the automotive electric motors industry are increased demand for HVAC systems, electric vehicles, and renewable energy integration.

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