The emergence of Tesla Electric has created a worldwide revolution in the electric vehicle industry that resulted in the automobile industry shifting a decade ahead.
The process for becoming a Tata Power EV charging franchisee typically includes the following steps
1. Expressing interest
Interested individuals or companies can express their interest in becoming a Tata Power EV charging franchisee by visiting the company’s website and filling out an online form.
2. Initial screening
Tata Power will review the initial application and conduct a screening process to assess the applicant’s suitability as a franchisee.
Valid land documents or lease agreement
Permission from local body
You must have 1500- 2000 sqft space to start a Tata power EV charging station.
Business insurance if required
3. Franchise agreement
If the applicant is found to be suitable, Tata Power will enter into a franchise agreement with the applicant.
4. Investment detail
Investment to set up Tata power EV charging station around 30-40 lacs and your own land.
Land Cost- As per actual
Security deposit fees- 1 – 2.5 lacs (depending on the company )
Machine – 2- 25 lacs near about (depending on the number of points and size of the station)
Working capital – As per conditions and actual operation
The investment depends on the charging points and charging setup you want to install.
The government is more focused on boosting the EV charging stations and offering many subsidies on these installations.
The major expenses
Transformer with substation equipment
5. Training and support
Tata Power will provide training and support to the franchisee on the company’s EV charging systems and operations.
6. Installation and commissioning
The franchisee will then install and commission the EV charging stations in their designated area, with the support and guidance of Tata Power.
7. Operations and maintenance
The franchisee will be responsible for the day-to-day operations and maintenance of the EV charging stations, and will also be required to adhere to the terms of the franchise agreement.
8. Profit margin
Tata always cares about its partner’s Profit margin and the margin varies as per the number of points and turnover of EV vehicles.
EZ charge station available
1. Fleet organization
Tata offers smart, safe, and innovative charging solutions for your fleets.
Complete End-to-End Services, from Captive Charger Installations to Maintenance
EV CMS Software
Solutions for Cars and Buses
Attractive offers at Tata Power Public Charging Stations
2. Offices and Workplaces
Interested in making your company EV-ready?
End-to-end charging solutions for the EVs owned by employees
Solutions for charging EVs operated by Fleet service provides
3. Malls and Hotels
Or do you want to provide EV Charging facilities to the customers visiting your Hotels? Tata charging solutions will provide additional convenience that your customers with EVs will be looking for.
4. Homes & Housing Societies
Why not charge your EV right from the comfort of your home? Tata has solutions for Residential Builders and developers, Housing Societies, and Individual House or Flat Owners.
Major EV charging solution companies in India
1. TATA Power EV
2. Magneta Group
3. Ather Energy
Frequently ask questions
What about the Tata Power EV network?
Tata Power has 23,500 plus home charger installations and 240 + electric bus charging points.
Tatapower major partnership
Tata Power has partnered with MG Motors, Tata Motors, Hyundai, landrover, Jaguar India, and many supporting others in charging infrastructure.
Available Tata power EV charging station in India
Tata Power has deployed charging stations in 300+ cities including Delhi, Chennai, Pune, Hyderabad, Mumbai, Bangalore, Ahmedabad, Lucknow, Chandigarh, Kolkata, and other major tier-1 and tier-2 cities.
Profit in EV
The EV industry almost moving from the introduction to the growth stage, in such conditions, the investment will take time to generate a profit, but it will definitely be a huge profit-making sector.