HPCL, Honda join hands to boost electric mobility

Hindustan Petroleum Corporation Ltd NSE 0.77 % (HPCL) and Honda Motor have joined hands to set up battery swapping stations for electric vehicles at the state-owned oil firm’s petrol pumps. HPCL and Honda Power NSE 0.54 % Pack Energy India Pvt Ltd, a subsidiary of Honda Motor Co Ltd (Honda), launched their first ‘e:swap’ station at HPCL’s petrol pump in Bengaluru on August 6, the state-owned firm said in a statement on Tuesday.

With the fast adoption of environment-friendly EVs that run batteries charged by electricity, infrastructure to either charge such vehicles or provide facilities to replace discharged batteries with fully charged ones are being set up across the country.