2025: From institutional breakthroughs to policy innovation for development
19:05 | 23/03/2025 23:55 | 30/12/2025Economy
On December 30, V-GREEN and Hindustan Petroleum Corporation Limited (HPCL) announced the signing of a strategic partnership to jointly deploy electric vehicle charging stations at HPCL’s fuel retail outlets across multiple markets.
As India accelerates its shift toward green mobility, the cooperation between global charging infrastructure developer V-GREEN and state-owned oil company HPCL is seen as a notable step in strengthening the foundations for electric transport in the South Asian country.
Nguyen Nam Tien, CEO of V-GREEN India (left), and Kushal Kumar Banerjee, Executive Director in charge of Retail Strategy and Business Development at HPCL, at the signing ceremony.
According to publicly released information, the two sides plan to leverage HPCL’s existing network of more than 24,400 fuel retail outlets to gradually expand EV charging infrastructure on a broad scale. With over 5,300 charging stations currently operating under the HP e-Charge brand, HPCL is regarded as one of India’s early movers in integrating traditional energy services with solutions supporting green transport.
The deeper involvement of a state-owned oil corporation in charging infrastructure development reflects clear shifts in India’s energy strategy, aimed at adapting to sustainable development trends and evolving mobility needs. As the EV market continues to expand rapidly, the coordinated development of charging infrastructure is widely viewed as a key factor in building consumer confidence and facilitating a smoother transition toward electric mobility.
V-GREEN was established to develop charging networks in support of VinFast’s global expansion strategy, with India identified as a market of long-term potential. Cooperation with HPCL highlights an approach based on partnerships and the effective use of existing infrastructure, rather than standalone development, thereby helping optimise resources and shorten deployment timelines.
The agreement is considered strategically significant as India accelerates its transition toward green mobility.
In this context, integrating EV charging stations into existing fuel retail outlets is considered to offer multiple advantages, including greater convenience for users, lower initial investment costs, and the ability to scale up networks more rapidly. This model is also being examined by several countries as they work to transition their transport systems toward more environmentally friendly pathways.
Viewed more broadly, the V-GREEN - HPCL cooperation not only reflects efforts to expand EV charging infrastructure but also underscores growing alignment between the private sector and state-owned enterprises in the energy transition process. Such collaborative initiatives are expected to contribute to the development of a supportive ecosystem for electric mobility, advancing sustainable transport goals in the world’s third-largest automotive market.
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