TATA Power charging station franchise.
How?
The Tata EV charging station franchise cost depends upon the number of charging points and the frequency of electricity in the area where you want to set up.
Nowadays the demand for electric vehicles is increasing day by day. That’s why most of the automobile companies in India have started making electric vehicles.
Now that a large number of electric vehicles are being manufactured, it is obvious that the demand for electric charging stations will also increase. That is why many companies in India started making electric charging stations. One such company is Tata Power.
This article will guide you about the TATA Power charging station franchise, the investment required, profit margin, licenses and documents required, space required, how to apply for the franchise, etc.
How to get TATA Power franchise appropriate cost?
For starting a TATA Power EV charging station, you need to invest around 30 lakhs to 40 lakhs, provided you have your own land.
The actual investment depends on the type of charging setup you are going to install and the number of charging points.
To boost the EV charging station ecosystem, the government is giving up to 50% subsidies for fast-charging EV charging setups.
The main expenses in this business involve,
- Charging setup ( EVSE and charging points)
- TATA Power franchise Approx ( Approx 2.5 lakhs )
- Transformer with substation equipment
- Civil works
- Network service providers for online booking of slots
The monthly expenses are staff salary (minimum two), electricity charges, land rent, other utility bills, maintenance works, etc.
The margin of profit in the TATA Charging station
You can imagine a profit margin of Rupees 3 per unit from this business. The total profit depends upon the number of charging points in your station and the electricity charges in your area.
A typical SUV has a 30kWh battery. You need 1 unit of electricity to charge 1 kWh. So from one car, you can earn from 80 to 90 rupees. This takes 35 to 45 minutes in a fast-charging setup.
Suppose you have 3 charging points and get 10 cars every day at each charging point, then you can earn from Rupees 80,000 to Rupees 90,000 per month.
How to achieve to get TATA power charging station franchise?
You can contact TATA Power on their toll-free number 1800-209-5161. You can also contact them by filling out an inquiry form at their official website OR sending an email to investorcomplaints@tatapower.com
TATA Power, Bombay House, 24, Homy Mody Street, Mumbai – 400 001.
Make sure there is no other electric power charging station in a 3-5 kilometer radius of your location
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