Mahindra & Mahindra announced a strategic partnership with Adani Total Energies E-Mobility (ATEL) in a major move to enhance India’s electric vehicle (EV) charging infrastructure.
What Happened: As per the recent announcement, M&M has signed a memorandum of understanding (MoU) with ATEL, a subsidiary of Adani Total Gas. The collaboration aims to establish a comprehensive EV charging network across India, thereby accelerating the adoption of EVs in the country, as per a company statement.
The partnership is set to introduce e-mobility solutions that will offer customers easy access to the charging network, encompassing discovery, availability, navigation, and transactions. This initiative will be particularly advantageous for XUV400 customers, who will now have access to over 1,100 chargers via the Bluesense+ App.
See Also: Patanjali Head Offers Unconditional Apology To Top Court For Misleading Ads
Veejay Nakra, President of the Automotive Division at Mahindra & Mahindra, expressed his enthusiasm about the partnership, stating it was a “cornerstone in enhancing the EV charging infrastructure.”
Suresh P Manglani, CEO of Adani Total Gas, shared this sentiment, stating that the collaboration will “bolster the confidence of customers to embrace EV technology as part of the energy transition.”
Why It Matters: The partnership between Mahindra & Mahindra and ATEL marks a significant step towards addressing the infrastructural challenges related to EV adoption in India. By creating a robust charging network, the collaboration aims to alleviate range anxiety among potential EV buyers, thereby encouraging the transition to cleaner, more sustainable modes of transportation.
Engineered by Benzinga Neuro, Edited by Shomik Sen Bhattacharjee
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.