Home Critical engine Jio-bp opens an electric vehicle charging center in Delhi; the fuel pump count is gradually increasing

Jio-bp opens an electric vehicle charging center in Delhi; the fuel pump count is gradually increasing

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A joint venture between billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL) and energy supermajor BP has opened one of the country’s largest electric vehicle charging centers in Delhi, as the duo expand the network of fuel retail, offering multiple fuel choices, including electric vehicle charging infrastructure.

Reliance BP Mobility Limited, operating under the Jio-bp brand, is working with multiple demand aggregators, original equipment manufacturers (OEMs) and technology partners with the aim of being the leading player in vehicle charging infrastructure power in India, RIL said in its third quarter earnings announcement last week.

“Jio-bp has built and launched one of the largest electric vehicle charging centers in the country in Dwarka, Delhi with BluSmart as its main customer,” he said.

RBML had launched its first Jio-bp branded mobility station at Navde, Navi Mumbai in October last year. And since then he has expanded the network.

In 2019, BP purchased a 49% stake in more than 1,400 gasoline pumps and 31 aviation turbine fuel (ATF) stations owned by Reliance for $1 billion. Reliance’s existing fuel pumps had since been transferred to the joint venture, which plans to increase them to 5,500 by 2025.

Reliance holds the remaining 51% interest in Reliance BP Mobility Limited (RBML). RBML has already received marketing authorization for transportation fuels.

Petrol pumps with RBML have since increased to 1,448, according to the latest information available from the Ministry of Petroleum. RBML had 1,427 points of sale at the end of September 2021.

Automotive fuel retailing in India is dominated by public sector oil companies which own the majority of the country’s 81,099 fuel pumps. Nayara Energy, backed by Rosneft, is the largest private fuel retailer with 6,496 pumps. Shell owns 310 petrol pumps.

Jio-bp is looking to set up a network of electric vehicle charging stations and battery swapping stations, at its gas pumps, which the companies call “mobility stations”, and other stand-alone locations – MobilityPoints. The joint venture aims to become a major player in electric vehicle charging infrastructure in India.

The state-owned Indian Oil Corporation (IOC) is the largest fuel retailer with 33,546 gas stations. Bharat Petroleum Corporation Ltd (BPCL), which is in the process of being privatized, has 19,668 outlets and Hindustan Petroleum Corporation Ltd (HPCL) has 19,602 petrol pumps.

“The existing network of over 1,400 fuel pumps will be rebranded as Jio-bp, presenting a new range of customer value propositions over the coming months,” Reliance-bp said in October last year when launching the first Jio-bp. exit.

India’s fuel and mobility market is growing rapidly. It is expected to be the fastest growing fuel market in the world over the next 20 years.

”Jio-bp mobility stations are designed to help meet this growing demand and are ideally located to meet customer needs. They are bringing together a range of services for on-the-go consumers – including additivized fuels, electric vehicle charging, refreshments and food, and plan to offer more low-carbon solutions over time.” , he said.

The joint venture plans to leverage Reliance’s extensive presence and deep experience in consumer businesses across India, with its hundreds of millions of customers in Jio and Reliance Retail, and bp’s extensive global experience. in differentiated high quality fuels, lubricants, convenience and advanced low carbon solutions. mobility solutions.

“Instead of regular fuels, Jio-bp mobility stations across the country will offer additive fuel at no additional cost. The fuel offering will contain internationally developed “ACTIVE” technology, which forms a protective layer over critical engine parts to help keep engines clean,” the statement said.

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)