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To compete with Jio-bp, Adani Group entered the EV charging business

In the country’s electric mobility infrastructure industry, competition is expected to heat up even further. Adani Total Gas announced its foray into the fast-emerging electric mobility industry on Sunday by opening its first electric vehicle charging station (EVCS) in Ahmedabad, months after Mukesh Ambani-led Reliance Industries and British oil major BP (bp) declared ambitions to power up the sector.

“The company aims to expand its network by setting up 1,500 EVCS across the country and has kept an expansion plan ready to move beyond 1,500 EVCS, basis the demand generation and momentum building of EV ecosystem in the country,” Adani Total Gas said in a statement here.

Reliance Industries and BP’s joint venture for fuel and mobility Reliance Industries and BP’s joint venture for fuel and mobility Reliance Industries and BP’s joint venture for fuel Last October, BP Mobility announced that it will build a network of electric vehicle charging stations and battery swap stations at its Mobility Stations and other standalone locations. It subsequently opened its first Jio-bp branded mobility station in Navde, Navi Mumbai, Maharashtra, offering a variety of services for on-the-go customers such as additivized fuels, EV charging, snacks, and food. With big corporate giants seeking for a larger slice of the market, the sector’s rivalry may heat up. Given the experience in other industries, there may be consolidation as well.

“The company has the strategic fit to venture into electric mobility and capture a significant share of the rapidly growing EV market,” added the statement.

 

 

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