Hyundai Motor India and Tata Power have entered into a partnership to build fast-charging facilities for Hyundai's dealer stores and customers, an important step for Hyundai's electric vehicles (EV) expansion in India.
According to Tata Power's press release, Tata Power and Hyundai Motor India signed an MoU. Tata Power will help replace AC 7.2 kW chargers with Tata Power EZ Charge DC 60kW fast chargers at Hyundai's 34 dealer locations in 29 cities across India. Besides, Tata Power will install home charging for Hyundai's EV customers in India.
Hyundai will facilitate with space and necessary administrative approvals, while Tata Power will invest, own, and operate the charging stations.
Praveer Sinha, CEO and managing director of Tata Power, said the partnership with Hyundai is in line with the Indian government's National Electric Mobility Mission Plan and demonstrates the company's commitment to clean energy and net-zero carbon emissions.
Unsoo Kim, CEO and managing director of Hyundai Motor India, said the company is glad to announce its partnership with Tata Power to facilitate and strengthen India's robust EV ecosystem and enhance the general outlook on sustainable transportation.
Although Hyundai is one of India's top three passenger vehicle brands, it lags far behind Tata Motors in terms of EV sales in India. Hyundai sold only 160 EVs in India in 2021, and 71 EVs in the first four months of 2022
Still, in December 2021, Hyundai Motor announced an investment of INR400 billion (US$530 million) and plans to launch six EV models in India between 2022 and 2028. Furthermore, Hyundai got approval for India's advanced chemistry cell incentive scheme and will invest in EV battery cell manufacturing in India to be qualified for the subsidy.