Adani and MG Motor Join Forces to Boost India's EV Charging Infrastructure

Adani TotalEnergies E-Mobility Limited (ATEL) and MG Motor India have signed a significant agreement to accelerate the development of electric vehicle (EV) charging infrastructure in India. This collaboration represents a major step forward in addressing a key barrier to EV adoption in the country.

• ATEL to Install Fast Chargers at MG Dealerships:
• MG dealerships across India will be equipped with CC2 60 kW DC fast chargers, significantly enhancing charging accessibility for MG EV owners.

• Comprehensive Charging Solutions:
• ATEL will not only provide the chargers but also manage their entire lifecycle, including supply, installation, commissioning, operation, and maintenance.

• Open and Integrated Network:
• Both parties aim to integrate their public charging networks through APIs. This will increase the visibility and accessibility of charging stations for all EV users, regardless of brand.

• Seamless User Experience:
• A dedicated mobile app will be developed to simplify the charging experience. Users will be able to locate stations, authenticate themselves, initiate charging sessions, and manage payments.

• RFID Technology for MG Users:
• MG EV owners will benefit from easy access to ATEL's public charging network through RFID cards offered at special discounts.

Benefits and Broader Implications:

This partnership offers several advantages for both companies and EV users in India:

• Empowering EV Adoption: Improved charging infrastructure will address a major concern for potential EV buyers, encouraging them to switch to electric vehicles.

• Enhanced Customer Satisfaction: MG users will have convenient access to fast charging options, boosting their overall ownership experience.

• Growth of Public Charging Network: The collaboration will contribute to the expansion of a robust and reliable public charging network across India.

• Open and Interoperable System: Integration of charging networks through APIs sets a positive precedent for open standards in the Indian EV ecosystem.

MG Motor's Broader EV Strategy:

This agreement aligns with MG Motor India's commitment to sustainable mobility and its vision to revolutionize the Indian EV landscape.

The company is actively pursuing other initiatives to solidify its position in the Indian EV market:

• Joint Venture with JSW Group: This partnership focuses on the production of both electric and internal combustion engine cars, catering to a broader customer base.

• Potential IPO and Localization: MG Motor may be considering an initial public offering (IPO) and is exploring ways to increase its local presence in India.

• Metaverse Engagement: MGverse, the company's metaverse platform, aims to provide a unique and immersive experience for customers and stakeholders.

The collaboration between Adani TotalEnergies E-Mobility and MG Motor India represents a significant development for the Indian EV sector. By prioritizing a user-centric approach and open standards, this partnership holds the potential to accelerate EV adoption and pave the way for a more sustainable transportation future in India.