Hero MotoCorp and Hindustan Petroleum Corporation Limited (HPCL) have entered into an agreement. Under this agreement, the two companies will work together to set up charging infrastructure for Electric Vehicles (EVs) in the country. Due to this, the trend of electric vehicles will accelerate in the coming times.

What is agreement:

Both the MoU companies will work on setting up of charging infrastructure in the existing network of HPCL in the country. After that, we will explore the possibility of expanding the alliance for new opportunities, so that this work can be taken forward. Companies will start installing charging stations from select cities. After this, keeping in mind the need and demand, it will be expanded to other places as well. Hero MotoCorp and Hindustan Petroleum Corporation Limited aim to expand the network of EV charging stations across the country.

Charging stations will be like this:

According to the Federation of Automobile Dealers Associations (FADA), a report on Electric Vehicles in India shows that India sold 4,29,217 units in FY2022 as compared to only 1,34,821 units in FY21 a year ago. was sold. , That’s what sold. Considering this growth in the electric segment, there will be a huge need for charging stations for electric vehicles. So that people can use more and more electric vehicles. Because of the battery pack that is still being given in EVs, people avoid traveling long distances. But the agreement between Hero MotoCorp and Hindustan Petroleum Corporation Limited can be expected to give more momentum to electric vehicles in the coming future.

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