Tata Power EV Charging Solutions Limited (TPEVCSL), a subsidiary of Tata Power Renewable Energy Limited, has announced a strategic partnership with VE Commercial Vehicles Limited (VECV) to accelerate the adoption of electric commercial vehicles in India. This collaboration aims to transform the country's commercial mobility landscape, with a particular focus on VECV's recently launched Eicher Pro X range of small commercial vehicles.

Key Aspects of the Collaboration

• TPEVCSL will leverage its extensive EV charging infrastructure and expertise in providing customized charging solutions.
• VECV will contribute its domain expertise in energy efficiency to optimize energy usage in electric trucks.
• The partnership will address specific challenges such as range anxiety, charging infrastructure availability, and related costs.
• Both companies will actively engage with Eicher Trucks and Buses customers to promote the transition to electric mobility.

Expanding EV Charging Network

Tata Power has significantly expanded its EV charging network under the brand name EZ Charge:

These charging points have been strategically deployed at various locations including highways, hotels, malls, hospitals, offices, bus and commercial vehicle depots, and residential complexes.

Impact on Commercial Mobility

This partnership represents a transformative step towards modernizing India's commercial mobility landscape. By combining innovative technologies, extensive infrastructure, and a commitment to sustainability, TPEVCSL and VECV aim to reshape the future of transportation, paving the way for a greener, more efficient commercial vehicle ecosystem.

About the Companies

VE Commercial Vehicles Limited (VECV)

VECV is a joint venture between the Volvo Group and Eicher Motors Limited. Operating since August 2008, VECV produces and sells Eicher branded trucks and buses in 40 countries, along with other operations including Volvo Buses India and engine manufacturing for the Volvo Group.

Tata Power Company Limited

Tata Power, part of the Tata Group, is a leading integrated power company with a diversified portfolio of 15.80 GW. The company has 7.00 GW of clean energy generation, constituting 44% of its total capacity, and is committed to achieving Net Zero by 2045.

This collaboration between Tata Power and VECV marks a significant step towards sustainable transportation in India's commercial sector, potentially revolutionizing the way goods and people are moved across the country.

Tata Power EV Charging Solutions Limited (TPEVCSL), a subsidiary of Tata Power, has signed a landmark memorandum of understanding (MoU) with VE Commercial Vehicles Limited (VECV) to accelerate the adoption of electric commercial vehicles in India. This strategic partnership aims to transform the country's commercial mobility landscape by addressing key challenges in the transition to electric vehicles.

Collaboration Highlights

• The partnership will initially focus on providing charging support for VECV's newly launched Eicher Pro X range of small commercial vehicles.
• Tata Power will leverage its extensive EV charging infrastructure and expertise in customized charging solutions.
• VECV will contribute its domain expertise in energy efficiency to optimize energy usage in electric trucks and buses.
• The collaboration aims to tackle challenges such as range anxiety, charging point availability, and operating costs for fleet operators transitioning to electric vehicles.

Expanding EV Charging Network

Tata Power has significantly expanded its EV charging network under the brand name EZ Charge:

These charging points are strategically located at highways, hotels, malls, hospitals, offices, bus depots, and residential complexes, facilitating the growth of electric mobility in India.

VE Commercial Vehicles: A Strong Partner

VECV, a joint venture between the Volvo Group and Eicher Motors Limited, brings significant expertise to the partnership:

• Manufactures and sells Eicher-branded trucks and buses in 40 countries
• Exclusive distributor of Volvo Trucks in India
• Engaged in engine manufacturing and exports for the Volvo Group

Implications for India's Transport Sector

This collaboration between Tata Power and VECV is expected to have far-reaching effects on India's commercial vehicle ecosystem:

• Accelerate the adoption of electric trucks and buses
• Provide innovative solutions for range anxiety and charging infrastructure
• Enable a cleaner, more sustainable future for India's transport sector
• Support the transition of Eicher Trucks and Buses customers to electric mobility

Looking Ahead

As India moves towards a greener future, partnerships like this between Tata Power and VECV are crucial in driving the adoption of electric vehicles in the commercial sector. By combining innovative technologies, extensive infrastructure, and a commitment to sustainability, this collaboration aims to reshape the future of transportation in India, paving the way for a more efficient and environmentally friendly commercial vehicle ecosystem.

Note: This press release contains forward-looking statements based on current views and projections, which are subject to various risks and uncertainties that may cause actual results to differ from those expressed or implied.