Vakrangee plans 75,000 electric vehicle charging points across retail network
By Retail4Growth Team | July 18, 2019
With over 3,500 Nextgen Vakrangee Kendra's or retail outlets spread across 19 states, 366 districts and 2,186 postal codes, the company aims to establish 75,000 EV Charging Kendras by FY ‘22.
Vakrangee, a technology driven company that focuses on creating a network of last-mile retail points-of-sale, has decided to set- the Electric Vehicle (EV) Charging Infrastructure facility through its Nextgen Vakrangee Kendra retail outlets.
The company has 3,504 Nextgen Vakrangee Kendra's spread across 19 states, 366 districts and 2,186 postal codes. More than 68% outlets are from tier 5 and tier 6 cities. Their planned target is to reach at least 75,000 by FY2021-22 and 3,00,000 outlets by FY2024-25, according to the company statement.
Vakrangee plans to leverage this deep presence by being an enabler for the EV charging facility through its network of retail outlets called as Vakrangee kendras. The company continues to focus on expanding the bouquet of services available at their exclusive Nextgen Vakrangee Kendras.
The idea is to enable all operators who want to set up Electric Vehicle services in India, to leverage Vakrangee's charging infrastructure rather than building one of their own. Vakrangee is also building a large charging footprint on a Pan India basis through their network of Nextgen Vakrangee Kendra Outlets.
Commenting on the initiative, Dinesh Nandwana, Executive Chairman said, "We believe that the electric vehicle space is a huge growth opportunity for the coming years and we want to be future ready by developing a pan India footprint of EV charging infrastructure. We would be an enabler by providing the distribution platform for the EV charging facility through our partnership with the EV service providers."
The government expects 25 per cent of the total vehicles on roads will be electric vehicles by 2030, necessitating erecting robust electric vehicle (EV) charging infrastructure across the country, according to the Union Housing and Urban Affairs Ministry. As per the guidelines, there should be at least one station at every 25 Km on each side of the highway/roads.
Offers customers an integrated buying experience enabling online booking along with loan approvals within two minutes of the vehicle purchase
The brand is looking at establishing a strong foothold in the eastern markets of the country by a phase-wise introduction of five new dealership facilities over the next six months. With three operational dealership in Kolkata, Jamshedpur and Patna, they will add Bhubaneshwar and Guwahati soon to their network.