Summary
The world’s largest two-wheeler maker Hero MotoCorp (Hero MotoCorp) and ‘Maharatna’ and Fortune Global 500 company Bharat Petroleum Corporation Limited (BPCL) announced their partnership on Tuesday.
Hero MotoCorp (Hero MotoCorp), the world’s largest company in making motorcycles and scooters, and ‘Maharatna’ and Fortune Global 500 company Bharat Petroleum Corporation Limited (BPCL), Bharat Petroleum Corporation Limited (BPCL) announced their partnership on Tuesday. The two companies have collaborated to set up charging infrastructure for two-wheeler electric vehicles (EVs) across the country. This big step will help India get a big success in the direction of electrifying.
In line with its vision of “Being the Future of Transportation” and with its aim to drive the growth of EVs, Hero MotoCorp has become the first Automotive OEM to tie up with Leading Public Sector Undertakings (PSUs), to enable the entire To set up charging infrastructure in India.
Hero MotoCorp’s intentions
Dr. Pawan Munjal, Chairman and CEO, Hero MotoCorp said, “Hero MotoCorp has always been at the forefront of leading the industry and leading it for the future. Once again, as the automotive and mobility sectors are poised for growth, we We are taking strategic steps to lead this. Through our efforts to drive organic and inorganic expansion of the business, we are poised to rapidly accelerate emerging trends in mobility.”
He added, “Sustainability has always been a key growth pillar in Hero MotoCorp’s global ecosystem. Now with our vision of “becoming the future of transportation”, we are aggressively pursuing our initiatives towards such technologies and solutions. , which will strengthen all people, societies and industries to contribute to the environmental goals of our planet. In addition to developing world-class, technology-driven, sustainable and emerging transportation solutions, we are building a strong EV ecosystem. Making remarkable efforts to create and offer the most advanced services for customers. The partnership with BPCL, already a leader in customer-facing energy solutions, will be beneficial for the EV segment and its customers. This tie-up will also open up opportunities for asset allocation and expansion in the future.”
Charging stations in 9 cities in the first phase
In the first phase, the charging stations will be set up in nine cities starting from Delhi and Bangalore. Thereafter, the network will be expanded across the country, with the goal of increasing the number of charging stations.
Hero MotoCorp will soon start infrastructure development in these two cities. Each charging station will have multiple charging points including DC and AC chargers, all of which will be available for use by two-wheeler EVs.
The entire charging experience for the user will be controlled through a mobile-app from Hero MotoCorp and the mode of transaction will be cashless.
Bharat Petroleum Promise
Bharat Petroleum is increasing its focus on new business segments for sustainable growth. It announced in September 2021 that it was converting 7,000 conventional retail outlets into energy stations to provide multiple refueling options, including medium to long term EV charging.
The two giants will first establish a physical charging infrastructure in the existing nationwide network of energy stations, and then expand their alliances to create greater synergy in the EV ecosystem and associated business divisions. In this way possibilities will be created throughout the customer life cycle. Arun Kumar Singh, Chairman and Managing Director, Bharat Petroleum Corporation Limited, said, “Bharat Petroleum has always been at the forefront of providing innovative transportation solutions to consumers in the energy space. Our promises have been launched to the customers at the turn of the last century. ‘Pure for Sure’ has brought a whole new dimension to consumer trust and transparency in sales and our widespread adoption of digital has added new dimensions to convenience and personalization, enriching our customer engagement. As we enter an exciting phase of energy transition, BPCL will continue to accelerate the growth of clean energy in the country and in its endeavor to build a network of 7000 energy stations across the country with EV charging at the forefront. Transportation is primarily by two-wheelers, which form the largest part of our valued customer base and the two-wheeler segment is one of the pioneers in the adoption of electric two-wheelers. L Our association with gun-toting Hero MotoCorp is a very strategic step towards ushering in an era of best-in-class EV charging solutions for our customers for an exciting future of innovative solutions in our energy stations and EV sector.”
Bharat Petroleum’s vast network of energy stations will also provide rapid opportunities to expand the range of operations and services. Companies can use the created gateways to make additional investments in building a robust EV ecosystem.
Expansion
Hero MotoCorp (Hero MotoCorp), the world’s largest company in making motorcycles and scooters, and ‘Maharatna’ and Fortune Global 500 company Bharat Petroleum Corporation Limited (BPCL), Bharat Petroleum Corporation Limited (BPCL) announced their partnership on Tuesday. The two companies have collaborated to set up charging infrastructure for two-wheeler electric vehicles (EVs) across the country. This big step will help India get a big success in the direction of electrifying.
In line with its vision of “Being the Future of Transportation” and with its aim to drive the growth of EVs, Hero MotoCorp has become the first Automotive OEM to tie up with Leading Public Sector Undertakings (PSUs), to enable the entire To set up charging infrastructure in India.