NEW DELHI: India's greatest fossil fuel maker, Indian Oil Corporation, has hitched its wagon to the electric vehicles (EVs) power in its quest for existence past oil.
The oil refining and advertising and marketing behemoth on Sunday opened a charging level at its petrol pump in Nagpur's RBI Square in collaboration with Ola for charging the taxi aggregator's electrical fleet.
Indian Oil's access into the EV ecosystem is part of chairman Sanjiv Singh's imaginative and prescient to prepare the corporate for disruptions in fuel industry from new-age mobility answers.
"The oil industry has to gear up to face disruptive technologies and Indian Oil has to make investments to prepare for the future even though oil will remain in the mainstream of the country's energy discourse for long," Singh had advised workers in a webcast on June 1 after taking on as Chairman.
Singh's message could not have come at a more appropriate time. Barely every week before he took over, Nagpur had become the first city in India to get an EV-based public transportation type, with a fleet of 200 taxis, buses, e-rickshaws and vehicles.
The government is pushing EVs, a minimum of in public transportation, and chasing an formidable target of promoting most effective electrical automobiles by 2030.
Singh, it might then appear, has as it should be read the writing at the wall. With greater than 50% proportion of the fuel retail market, Indian Oil's access into the EV ecosystem will remove one of the key operational demanding situations —recharging — and lend a hand popularise the mode among normal public too.
The RIL, which has a tie-up with world oil primary BP IN India, is the other primary hydrocarbons player with a equivalent line of idea.
"Our two companies will jointly explore options to develop differentiated fuels, mobility and advanced low-carbon energy businesses in India. We expect to collaborate, in addition to the conventional fuels and aviation marketing, on unconventional mobility solutions, addressing electrification, digitisation and disruptive mobility trends," RIL chairman Mukesh Ambani had advised reporters in June after saying the partnership.
Indian Oil is the second one state-run entity to take baby steps into the EV ecosystem. In June, generation application NTPC had set up two charging points in its Delhi and Noida places of work and is operating on increasing in Delhi and other towns.
The oil refining and advertising and marketing behemoth on Sunday opened a charging level at its petrol pump in Nagpur's RBI Square in collaboration with Ola for charging the taxi aggregator's electrical fleet.
Indian Oil's access into the EV ecosystem is part of chairman Sanjiv Singh's imaginative and prescient to prepare the corporate for disruptions in fuel industry from new-age mobility answers.
"The oil industry has to gear up to face disruptive technologies and Indian Oil has to make investments to prepare for the future even though oil will remain in the mainstream of the country's energy discourse for long," Singh had advised workers in a webcast on June 1 after taking on as Chairman.
Singh's message could not have come at a more appropriate time. Barely every week before he took over, Nagpur had become the first city in India to get an EV-based public transportation type, with a fleet of 200 taxis, buses, e-rickshaws and vehicles.
The government is pushing EVs, a minimum of in public transportation, and chasing an formidable target of promoting most effective electrical automobiles by 2030.
Singh, it might then appear, has as it should be read the writing at the wall. With greater than 50% proportion of the fuel retail market, Indian Oil's access into the EV ecosystem will remove one of the key operational demanding situations —recharging — and lend a hand popularise the mode among normal public too.
The RIL, which has a tie-up with world oil primary BP IN India, is the other primary hydrocarbons player with a equivalent line of idea.
"Our two companies will jointly explore options to develop differentiated fuels, mobility and advanced low-carbon energy businesses in India. We expect to collaborate, in addition to the conventional fuels and aviation marketing, on unconventional mobility solutions, addressing electrification, digitisation and disruptive mobility trends," RIL chairman Mukesh Ambani had advised reporters in June after saying the partnership.
Indian Oil is the second one state-run entity to take baby steps into the EV ecosystem. In June, generation application NTPC had set up two charging points in its Delhi and Noida places of work and is operating on increasing in Delhi and other towns.
IOC hitches its wagon to EV drive
![IOC hitches its wagon to EV drive]()
Reviewed by Kailash
on
November 19, 2017
Rating:
