HPCL is one of India’s largest state-owned oil and gas corporations, operating over 24,400 retail outlets nationwide and running over 5,400 charging stations. Mahindra will leverage it to develop EV charging infrastructure in an attempt to enhance the EV user’s experience and accelerate EV adoption in India.

Charge_iN by Mahindra is part of the company’s vision to UNLIMIT electric mobility by building an ultrafast charging network, which also aligns with the government’s vision of strengthening public EV charging infrastructure. These charging stations will exclusively feature 180kW dual gun chargers designed to deliver fast, convenient, and reliable charging for electric four-wheelers.

Further details, like the number of charging stations and the date of rollout, are yet to be shared by the manufacturer.

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V-Green is a global charging station development company and an arm of VinFast. HPCL operates over 24,400 retail outlets nationwide and over 5,300 EV charging outlets under the HP e-Charge brand. Under the agreement, V-Green aims to take advantage of HPCL’s retail network to accelerate and deploy charging infrastructure across the country.

HPCL has traditionally been a fossil fuel retailer, with products like poWer and poWer 100 (a 100-octane petrol), but it is now taking steps to adapt to alternate sources of energy with focus mainly on electric mobility. 

VinFast is a leading Vietnamese EV brand, and it now has 35 dealerships operating in India, with more to come. It has two products on sale, the VF6 and VF7. We have driven the VF7 and come away impressed. 

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MUMBAI, INDIA, NOVEMBER 6, 2023 – Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery swapping ecosystems that enable sustainable mobility solutions for cities, today announced it had signed a Memorandum of Understanding (MoU) with Hindustan Petroleum Corporation Ltd. (HPCL), a major Indian oil company, with more than 21,000 retail outlets.

“India is in the early stages of a massive electric transformation of its urban two-wheel transportation system, and it is increasingly evident that battery swapping is a critical component to broad adoption, so building out the swapping infrastructure is crucial. Today, we are announcing a partnership with HPCL, one of India’s leading oil companies, to rollout thousands of Gogoro battery swapping stations across its retail outlets throughout the country in the coming years,” said Horace Luke, founder, and CEO of Gogoro. “There is nowhere on earth that needs smart electric transportation more than India, and Gogoro is joining together with the Indian business community and national and local governments to deploy a battery swapping and electric vehicle ecosystem that is open, accessible and scalable.”

“HPCL and Gogoro are partnering to develop a broad battery swapping infrastructure for two-wheel vehicles that will both grow and sustain a leading electric vehicle ecosystem in India that is safe, clean and readily available across India’s cities,” said Amit Garg, Director of Marketing at HPCL. “Gogoro has demonstrated its global leadership in battery swapping and electric two-wheel innovation and with nearly 500 million battery swaps to date has developed a platform we can embrace and emulate.”

Gogoro Battery Swapping
With more locations than gas stations in Taiwan’s cities, the Gogoro Network is a new generation of swappable battery refueling that is smart, safe, and continually optimizing itself to be dynamic and versatile for riders, businesses, and communities. The Gogoro Network supports nearly 600,000 riders and has more than 1.3 million smart batteries in circulation through its network of 12,000 battery swapping stations at over 2,500 locations. With more than 400,000 daily battery swaps and nearly 500 million total battery swaps to date, Gogoro Network battery swapping has saved more than 750,000 tons of CO2 since it launched.

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Hindustan Petroleum Corporation Limited (HPCL) has joined hands with Chevron, the US oil giant to manufacture and distribute Chevron’s Caltex brand lubricants in India. This is history coming full circle as well, as HPCL was formed through the nationalisation of Indian arms of multiple oil companies, one of which was Caltex!

Amit Garg, Director of Marketing, HPCL, said, “We need to increase our market share and while we are already leaders we are not content with the kind of numbers that we have and we want to increase it by leaps and bounds in the next couple of years. And who better a partner than Caltex to do it. Because the premium grade, the technology they bring with their products is something the Indian customers are looking at now.”

Danielle Lincoln, Vice President of Chevron International Products said, “This (India) is a very difficult market to get into just coming in by ourselves but we looked at it and said if we could come in with a strong partner then there is a way for us to get into the market and bring some of the benefits of our products to the market. That is one of the reasons that we were looking for a strong partner and HPCL was willing to take us on as a partner.”

Caltex itself is a company that has existed for more than 80 years, and some of the premium brands under its umbrella are Havoline and Delo – the former is targeted at passenger cars while the latter is oriented more towards commercial vehicles. HPCL will be responsible for manufacturing, distribution and marketing of all these products in India. HPCL will be manufacturing these products at its plant in Silvassa.

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