Jio-bp opens an EV charging station in Delhi.

A joint venture between billionaire Mukesh Ambani's Reliance Industries Ltd (RIL) and energy behemoth British Petroleum Company (BP) has opened one of the country's largest Electric Vehicle (EV) charging hubs in Delhi, as the two companies expand their fuel retail network, offering multiple fuel options as well as EV charging infrastructure.

Reliance BP Mobility Limited, doing business as Jio-bp, is collaborating with multiple demand aggregators, Original Equipment Manufacturers (OEMs), and technology partners with the goal of becoming India's leading EV charging infrastructure player, RIL said in its third-quarter earnings announcement last week. Jio-bp has built and launched one of the country's largest EV charging hubs in Dwarka, Delhi, with BluSmart as its primary customer, the company stated. In October of last year, RBML opened its first Jio-bp branded Mobility Station in Navde, Navi Mumbai. Since then, the network has been expanded.

For 1 billion dollar, BP purchased a 49% share in around 1,400 petrol pumps and 31 Aviation Turbine Fuel (ATF) stations held by Reliance in 2019. Reliance's existing petrol pumps have since been transferred to the joint venture, which plans to expand them to 5,500 by 2025. Reliance owns the remaining 51% of Reliance BP Mobility Limited (RBML). The marketing authorization for transportation fuels has already been granted to RBML. According to the most recent petroleum ministry data, the number of RBML-equipped gas pumps has risen to 1,448. By the end of September 2021, RBML had 1,427 locations.

India's auto fuel retailing is dominated by public sector oil companies, which own the majority of the country's 81,099 petrol pumps. Nayara Energy, which is supported by Rosneft, is the largest private gasoline retailer, with 6,496 pumps. Shell has 310 gas stations.

Jio-bp plans to build a network of EV charging facilities and battery swap stations at its petrol pumps, dubbed 'Mobility Stations', as well as additional freestanding places known as Mobility Points. The joint venture aspires to be India's leading provider of EV charging infrastructure.

With 33,546 petrol outlets, the state-owned Indian Oil Corporation (IOC) is the largest gasoline retailer. Bharat Petroleum Corporation Ltd (BPCL), which is set to be privatized, has 19,668 petrol pumps, whereas Hindustan Petroleum Corporation Ltd (HPCL) has 19,602 fuel pumps.

The existing network of over 1,400 petrol pumps will be rebranded as Jio-bp, delivering a fresh variety of consumer value propositions over the coming months, Reliance bp announced when it opened the first Jio-bp outlet in October last year. The market for fuels and transportation in India is rapidly expanding. Over the next 20 years, it is predicted to be the world's fastest-growing fuels market.

"Jio-bp Mobility Stations are designed to help meet this growing demand and are ideally located to suit customer convenience, They bring together a range of services for consumers on the move - including additivise fuels, EV charging, refreshments & food, and plan to offer more low carbon solutions over time", the company said.

The joint venture intends to capitalize on Reliance's extensive presence and deep experience in consumer businesses across India, with hundreds of millions of customers in Jio and Reliance Retail, as well as bp's extensive global experience in high-quality differentiated fuels, lubricants, convenience, and advanced low carbon mobility solutions. Instead of conventional fuel, Jio-bp Mobility Stations around the country will give additivised fuel at no additional cost. The gasoline will include globally developed 'ACTIVE' technology, which generates a protective coating on essential engine elements to help keep them clean, According to the release.

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