India's Indus Towers to foray into EV charging infrastructure (updated)

Indus Towers

23/01/2025 16:05

(Updates with details, background throughout)
       Jan 23 (Reuters) - Indian mobile tower operator Indus
Towers  INUS.NS  has launched pilot electric-vehicle charging
stations at two locations, it said on Thursday, amid the
country's growing push to adopt the environmentally cleaner
models.
    The company plans to foray into the EV charging
infrastructure sector and has launched its pilot services in the
business hub of Gurugram and the southern city of Bengaluru, it
said in a statement.
    While EV sales are rising in India, they still account for
just 2.5% of annual sales.
    Anxiety over the batteries draining without a charging spot
nearby has kept buyers on the sidelines in the country, where
fuel-guzzling cars still dominate roads. 
    Prime Minister Narendra Modi's government wants
battery-powered vehicles to account for 30% of the country's new
car sales by 2030.
    Earlier this month, top carmakers in India unveiled
ambitious plans to expand their EV charging network.     

 (Reporting by Hritam Mukherjee in Bengaluru; Editing by Shilpi
Majumdar)
 ((Hritam.Mukherjee@thomsonreuters.com; X: @MukherjeeHritam;))