Sustainability at its core, Lodha ties-up with Tata Power for EV charging infrastructure across its developments

September 20, 2021

- Partnership to provide end to end EV charging solutions across residential and commercial projects across Mumbai Metropolitan Region (MMR) and Pune.
- Tata Power owns an expansive network of over 600 Public chargers in 120+ cities across India

Mumbai and Pune, September 9, 2021: Lodha Group, India's largest real estate developer*, partners with Tata Power, to provide end-to-end EV charging solutions in all its residential and commercial projects across Mumbai Metropolitan Region (MMR) and Pune. With this deal, Lodha reinforces its commitment towards a zero-carbon future, further encouraging its residents to embark on this path. Prioritising the responsibility for ensuring sustainable practices, Lodha has consistently been on track in implementing its environment friendly targets, and this partnership is yet another step by Lodha to facilitate the global decarbonisation agenda.

Under this partnership, Tata Power will install EV Charging stations at Lodha developments across MMR and Pune. These chargers will be accessible to all Lodha residents and visitors who are EV owners. Installation and charging support will be provided for the electric vehicles along with 24x7 service, maintenance support, remote vehicle charging monitoring & e-payments through the EZ Charge mobile application by Tata Power. This partnership will enable Lodha residents' access uniform, and ubiquitous EV charging experience.

Raunika Malhotra, President - Marketing and Corporate Communications, Lodha Group (Macrotech Developers Ltd.) said, "We are pleased to partner with Tata Power for facilitating EV charging solutions across our developments. Fighting climate change and adhering to a sustainable framework has become imperative. Our emphasis on environment sustainability has been evident in
our design and operations for many years. We believe that creators and operators of built environment have a huge responsibility to correct course and as a leaders we are committed to it through multiple initiatives. We care about our children - future generations deserve to be a given a better earth than what we inherited."

Tata Power boasts of an expansive network of over 5000 home chargers and over 600 public chargers in more than 120 cities in India. The company is present across all segments of the EV eco-system - public charging, captive charging, home and workplace charging stations, and has deployed all types of chargers including DC chargers as well as AC Chargers.  

"We are happy to collaborate with a key real estate developer like Lodha Group. This strategic partnership will allow us access to a vast consumer base of EV users at Lodha. Our aim is to make their life simple and comfortable by allowing easy access to EV charging from the comfort of their homes and offices, thereby, removing range anxiety and encouraging wider adoption of electric
vehicles in the country. With Significant presence across all segments of EV ecosystem, Tata Power is continuously expanding its network across key towns and cities."; said Mr Sandeep Bangia, Head -EV Charging, Tata Power.

Road transport is one of the largest contributors to global CO2 emissions. With vehicular emissions being a growing source of pollution in Maharashtra, the Government of Maharashtra recently announced its plans to aggressively develop EV charging infrastructure in the state. This partnership will certainly play a major role in fulfilling the agenda of decarbonizing transportation in the state.

*As per report titled "Real Estate Industry Report" dated January 2021, issued by Anarock Property Consultant Private Limited

About Lodha Group

Lodha Group is among the largest real estate developer in India that delivers with scale since 1980s. Core business of Lodha Group is residential real estate development with a focus on affordable and mid-income housing. The Group also has a growing industrial & logistics park business where in a short span of time, it has scaled up and made its mark with JVs already signed with marquee investors. Lodha Group has delivered more than 80 million square feet of real estate and is currently developing ~75 million square feet under its ongoing and planned portfolio. The Group has more than 4600 acres of land beyond its ongoing and planned portfolio which will be utilized in developing further Residential, Commercial and Industrial & Logistics spaces. Thriving at building the world's finest developments, Lodha has created several iconic landmarks across the MMR notable among which are The World Towers, Lodha Altamount, Lodha Park, Lodha New Cuffe Parade and Palava City.

Disclaimer

Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Macrotech Developers Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

About Tata Power:

Tata Power together with its subsidiaries and jointly controlled entities, has an installed / managed capacity of 13,061 MW. The Company has presence across the entire power value chain - generation of renewable as well as conventional power including hydro and thermal energy, transmission & distribution, coal & freight, logistics and power trading . With 4.2 GW of clean generation capacity from solar, wind, hydro and waste heat recovery accounting for 32% of the overall portfolio the company is committed to clean energy generation. It has successful public-private partnerships in generation, transmission & distribution in India viz: Powerlinks Transmission Ltd. with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi, Maithon Power Ltd. with Damodar Valley Corporation for a 1,050 MW Mega Power Project at Jharkhand. Tata Power is currently serving around 12 million consumers via its Discoms viz Tata Power Delhi Distribution Ltd. with Government of Delhi for distribution in North Delhi; TP Northern Odisha Distribution Limited, TP Central Odisha Distribution Limited, TP Western Odisha Distribution Limited and TP Southern Odisha Distribution Limited with Government of Odisha. With a focus on sustainable and clean energy development, Tata Power is steering the transformation into integrated solutions providers by looking at new business growth in distributed generation through rooftop solar and micro grids, storage solutions, EV charging infrastructure, ESCO, home automation & smart meters et al .