Mahindra Works With Jio-bp To Strengthen EV Push

India’s leading SUV manufacturer, Mahindra & Mahindra (M&M), and the joint venture firm of Reliance Industries Limited (RIL) and bp, Jio-bp are strengthening their current partnership to build out reliable charging infrastructure for Mahindra’s upcoming electric SUV launches. Mahindra’s moves in this regards were keenly watched as rival and current EV market leader in four wheelers,  Tata Motors has the backing of group firm Tata Power in its own charging push, including setting up points at customer locations. 

To explore the development of EV products and services and to find synergies between low-carbon and conventional fuels, the firms had signed an MoU last year.

Jio-bp will deploy DC fast chargers at the M&M dealership network and workshops nationwide, starting with 16 cities. These chargers will also be accessible to the general public.

Earlier this month, M&M unveiled the XUV400, an all-electric C-segment SUV, at Mahindra Research Valley in Chennai. The firm also made quick progress toward electrification by announcing its Born Electric Vision, which includes a variety of top-tier electric SUVs scheduled to be introduced in the nation over the coming few years. With access to vast fast-charging infrastructure, the business is enhancing the introduction of electric vehicles. To achieve this, M&M and Jio-bp have teamed to offer EV users a vast, reachable, and practical fast-charging network.

To make intra-city and inter-city travel for EV customers simple, the RIL and bp joint venture is rapidly expanding its Jio-bp pulse-branded EV charging network by constructing charging facilities at various touch points within cities and on crucial highways. The goal of this agreement is to enable all EV users to easily access the M&M partner charging network by rolling out e-mobility solutions across discovery, availability, navigation, and transactions through a cutting-edge digital platform.

Recently, the Mahindra Group and the Canadian-based pension firm, Ontario Teachers’ Pension Plan Board announced a strategic alliance to take advantage of the expanding renewables market in India. Both parties entered into legally binding agreements under which Ontario Teachers purchased a 30% equity stake in Mahindra’s solar development arm, Mahindra Susten Pvt Ltd for an equity value of Rs. 2,371 crores (roughly $300 million).