Adani Total Gas Ltd (ATGL) has entered the electric mobility market with the opening of its first Electric Vehicle Charging Station (EVCS) in Ahmedabad. The EVCS, which will be located at ATGL's CNG station in Maninagar, Ahmedabad, will provide EV owners with a fast turnaround time by leveraging the best fast charging technology and an easy-to-use digital platform.
“The launch of the EV business with the establishment of the first charging station in Ahmedabad is another milestone for Adani Total Gas to provide the larger consumer base in India with a choice of newer green fuel while stopping an emerging business opportunity tailored to our vision to provide sustainable fuel solutions in all major cities and towns in India." said Suresh P Manglani, CEO, Adani Total Gas.
The company plans to expand its network by establishing 1,500 EVCS nationwide, with an expansion strategy to move beyond 1,500 EVCS based on demand creation and momentum building in the country's EV ecosystem.
As a CNG retailer, ATGL has a significant presence across the country. As it owns the retail space, has extensive expertise in serving domain consumers and has a large customer base across India, it is well positioned to play an active role in the electric mobility sector. The company is strategically positioned to enter the electric mobility sector and acquire a large share of the rapidly rising EV market.
ATGL also takes advantage of the Adani Group's natural potential to create renewable energy and can further exploit group-level synergies for the purchase of green power. TotalEnergies SE's global experience in EV infrastructure gives a competitive advantage to ATGL's target as it seeks market leadership in the space.
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