+
GLIDA to invest Rs 1 bn by Mar 2024 for EV charging stations
ECONOMY & POLICY

GLIDA to invest Rs 1 bn by Mar 2024 for EV charging stations

GLIDA, the provider of electric vehicle charging infrastructure, announced on Wednesday that it intends to invest up to Rs 1 billion by March 2024 in order to increase the number of charging stations. The company, formerly known as Fortum Charge & Drive India, aims to raise its current total of 450 charging points to 1,000.

Awadhesh Kumar Jha, the Executive Director of GLIDA, stated that they are currently operational in 16 cities and have set a target to expand their presence to 52 cities by 2025. He also mentioned that the company plans to invest Rs 900 million-Rs 1 billion by March 2024 to increase the deployment of charging points from 450 to 1,000.

Jha added that GLIDA aims to achieve a one-third market share in EV charging infrastructure for electric 4W and electric bus segments by 2030. The new charging stations will be established in cities where the company is already operating, as well as in a few new cities such as Indore, Mangalore, Nashik, and Kolkata. Furthermore, the company plans to develop highway charging infrastructure.

Regarding the rebranding, Jha explained that it is driven by their goal to establish a solid foundation for the seamless integration of electric mobility into mainstream transportation while prioritising the best interests and value proposition for customers.

Also read:
Hild Electric bags NTPC order for alkaline electrolysers
FIVE becomes first hotel to obtain i-RECs in UAE


GLIDA, the provider of electric vehicle charging infrastructure, announced on Wednesday that it intends to invest up to Rs 1 billion by March 2024 in order to increase the number of charging stations. The company, formerly known as Fortum Charge & Drive India, aims to raise its current total of 450 charging points to 1,000. Awadhesh Kumar Jha, the Executive Director of GLIDA, stated that they are currently operational in 16 cities and have set a target to expand their presence to 52 cities by 2025. He also mentioned that the company plans to invest Rs 900 million-Rs 1 billion by March 2024 to increase the deployment of charging points from 450 to 1,000. Jha added that GLIDA aims to achieve a one-third market share in EV charging infrastructure for electric 4W and electric bus segments by 2030. The new charging stations will be established in cities where the company is already operating, as well as in a few new cities such as Indore, Mangalore, Nashik, and Kolkata. Furthermore, the company plans to develop highway charging infrastructure. Regarding the rebranding, Jha explained that it is driven by their goal to establish a solid foundation for the seamless integration of electric mobility into mainstream transportation while prioritising the best interests and value proposition for customers. Also read: Hild Electric bags NTPC order for alkaline electrolysers FIVE becomes first hotel to obtain i-RECs in UAE

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code