EV Charging Station Installation Costs With The TATA Power Franchise
Hello guys, welcome back to my blog. In this article, I will discuss EV charging station installation costs with the TATA power franchise, documents required for the TATA power EV charging station franchise, land & other requirements, total investment, profit margin, and finally, I will discuss how to apply for it.
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EV Charging Station Installation Costs
We all know that TATA power is owned by the TATA group which is one of the largest companies in the world. Day-by-day TATA power is installing more EV charging stations, till now they have installed around 6000+ EV charging stations. Their target is to install one lakh charging stations in India. TATA power’s main goal is to promote EVs, reduce the dependency on crude oil, and reduce pollution. It holds 50% market share in public charging and 40% in fleet charging. TATA Power is also providing charging stations set up for homes and commercial places.
Eligibility criteria & documents
- You have to be an Indian national and your age must be between 21 to 60 years.
- Education qualification: 10th pass
- Personal documents: Aadhar card, PAN card, photo, bank A/c details, and address proof.
- If you have purchased land from someone then you need to have ownership documents, and if you have taken land for lease then you must have lease papers.
- And finally, you must know NOC from local authorities.
Land requirements
- TATA power didn’t mention a particular size of land. But if your land size is small you can start with one charging station and if you want to install more points then more size of the land is required.
- EV charging entry and exit points must be free from obstacles.
- You can start with one charging point.
- Space for office setup is required to manage the charging station.
Staff members
You need a minimum of two staff members, one skilled staff to help customers while charging and one unskilled staff for payment collection and managing other things like helping people for entry and exit.
Investment
- It depends on your location and the number of charging points you want to install.
- You have to pay the security deposit for TATA power, it will be around 2.5 – 3 lakhs.
- If you are installing more charging points then you have to set up one distribution transformer.
- Expenses of office set up and staff salary.
- Maintenance cost
The total cost of installing 3 charging points set up will be around 26 – 30 lakhs. Now the government is providing up to 50% subsidies on fast-charging stations. So, the price for installing an EV charging station will be around 13 – 15 lakhs.
Profit In EV charging station
The profit from an EV charging station depends on the number of charging points you have and electricity charges. The profit per unit is around 3 Indian rupees. If we consider TATA Nexon, its battery power rating is 30 KWH and it will take 45 minutes for a full charge. So, we can consider that you can earn 90 rupees per full charge in 45 minutes.
Your daily earning with 3 charging points will be 3000 rupees and the monthly earning will be around 90,000 rupees. Apart from this, you can provide some other services like car cleaning and maintenance services.
How to apply for the TATA power EV charging station franchise
01. Search on google “TATA power EV charging stations”
02. Click on the first link and then scroll down, you will find many services that TATA power is offering. It is providing EV charging solutions for fleet organizations, offices and workplaces, malls & hotels, and homes & housing societies. Based on your need you can select and submit your documents.
03. Fill details
This was about “EV Charging Station Installation Costs“. I hope this article may help you all a lot. Thank you for reading.
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