Okaya EV Chargers, in collaboration with Indian Oil Corporation (IOC), plans to set up 2,550 electric vehicle (EV) chargers across India, representing a substantial investment of Rs 125 crore. The initiative aims to bolster the country’s EV infrastructure and support the government’s push for cleaner, greener, and more sustainable transportation.

This collaboration between Okaya Group and IOC aims to create a robust charging network to support the growing number of EVs in India, fostering widespread access to EV charging and encouraging more individuals to embrace electric mobility.

Following the announcement of the partnership, shares of IOC climbed to an intraday high of Rs 103.8, surging 4.85% higher than the previous closing price on the National Stock Exchange (NSE). At 2:40 pm, the stock was trading 4.80% higher at Rs 103.75.

Anshul Gupta, Managing Director at Okaya EV Chargers, emphasised the company’s commitment to creating a sustainable ecosystem for EVs in India. The partnership with IOC will provide EV users with convenient and efficient charging solutions, empowering them to embrace cleaner transportation alternatives.

Okaya EV Chargers, a part of Okaya Group, has already commissioned 2,000 chargers nationwide. To date, the company has already installed 362 chargers across 20 states in India, offering a diverse range of charging options, including high and low-voltage chargers and wall-mounted CCS2 (combined charging system) DC fast chargers.