Active Stocks
Fri Apr 12 2024 15:57:45
  1. Tata Steel share price
  2. 163.50 -1.00%
  1. NTPC share price
  2. 362.00 -0.32%
  1. ITC share price
  2. 430.10 -1.56%
  1. HDFC Bank share price
  2. 1,518.90 -1.10%
  1. State Bank Of India share price
  2. 766.75 -1.57%
Business News/ Industry / Energy/  EESL to set up 200 more charging stations in Delhi, NCR by October
BackBack

EESL to set up 200 more charging stations in Delhi, NCR by October

EESL plans to set up 200 more charging stations in Delhi and National Capital Region in next three months
  • "We are laying out charging infrastructure, starting in Delhi/NCR region and in 10 other cities in the country," says EESL
  • EESL has put up 55 charging stations in New Delhi area Premium
    EESL has put up 55 charging stations in New Delhi area

    Energy Efficiency Services Ltd (EESL) plans to set up 200 more charging stations in Delhi and National Capital Region (NCR) area in the next three months to cater to shared mobility services.

    “We are laying out charging infrastructure, starting in Delhi/NCR region and in 10 other cities in the country. We have put up 55 charging stations in New Delhi area. We are going to increase this to 200, largely in South Delhi, Gurgaon, Noida and some other parts of Delhi that we are looking at in the next three months," Saurabh Kumar, Managing Director of EESL told Mint.

    Towards this, Kumar said that locations with very high footfall such as Connaught Place, Khan Market, among others have been selected, keeping in mind that the largest set of consumers will be from the shared mobility space offered by taxi aggregators.

    The push towards electric mobility has always been the Narendra Modi-led National Democratic Alliance’s (NDA’s) priority, including its first tenure, keeping in mind to curb pollution as well as reduce India’s dependence on oil imports. NDA’s first Union Budget in its second consecutive term, finance minister Nirmala Sitharaman announced several incentives for give more push to electric mobility, including income tax rebate for buyers, bringing down import duty on certain parts of electric vehicles, among others, to make India a manufacturing hub of electric vehicles.

    As far as demand is concerned, EESL, which is a joint venture of public sector units (PSUs) under power ministry expects a surge in shared mobility due to the government’s Faster Adoption and Manufacturing of Hybrid and Electric Vehicles or FAME 2 scheme that aims to expand commercial vehicle fleet.

    “Demand will grow slowly. It will possibly not grow in the personal segment. But certainly because of the FAME II subsidy, the shared mobility will see a surge," Kumar said.

    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
    More Less
    Published: 13 Jul 2019, 04:01 PM IST
    Next Story footLogo
    Recommended For You
    Energy Stocks
    ₹1,907.4-1.2%
    ₹172.8-1.48%
    ₹615.95-0.05%
    ₹92.87-0.71%
    ₹363.15-0.32%
    Switch to the Mint app for fast and personalized news - Get App