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Tata Power’s arm inks MoU with Tivolt Electric Vehicles

Tata Power Company Ltd. | Power Generation/Distribution | Power | BSE: 500400 | NSE: TATAPOWER

11 Dec 2024 Evaluate

Tata Power’s subsidiary -- Tata Power Renewable Energy (TPREL) has signed a Memorandum of Understanding (MoU) with Tivolt Electric Vehicles (Tivolt), an EV venture of Murugappa Group and a subsidiary of TI Clean Mobility. TPREL is a prominent EV Charging solutions provider, to enhance e-mobility for commercial vehicles across the country. This partnership aims to build a robust EV Charging ecosystem by leveraging Tata Power's expertise in diversified EV Charging solutions with Tivolt’s rapidly growing network of small electric commercial vehicles across the country.

TPREL will bring its extensive experience in setting up and managing an expansive EV Charging infrastructure across the country to Tivolt dealerships, customer locations, and high-traffic public spaces. By deploying these strategically located EV Chargers, TPREL will empower commercial EV owners with reliable and highly accessible charging. With a focus on easy charging solutions for small electric commercial vehicles, TPREL has previously partnered with other OEMs for providing 200+ customised EV Charging stations to customers in over 100 cities, including Mumbai, Delhi, Chennai, Bengaluru, Kolkata, Pune and Kochi.

Taking this initiative, a step further, TPREL will also explore the integration of solar energy systems to power Tivolt dealerships and customer locations. This innovative approach not only reduces the carbon footprint but also lowers the cost of charging for consumers, making the shift to electric vehicles more affordable and sustainable. This aligns with its broader commitment to driving India’s transition to a cleaner energy future through renewable solutions.

Tata Power Company is India’s largest integrated power company. It is a pioneer credited with steering the energy sector on technology, process and platform.

Tata Power Share Price

434.40 6.95 (1.63%)

20-Apr-2026 15:05 View Price Chart

Peers

Company Name	CMP
NTPC	398.30
Tata Power	434.40
Adani Power	201.55
Power Grid Corp	320.00
Torrent Power	1609.20
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Tata Power’s arm inks MoU with Tivolt Electric Vehicles

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