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Honda Power Pack Energy ties up with Hindustan Petroleum to set up battery swapping stations

Honda Power Pack Energy India Pvt Ltd and Hindustan Petroleum Corporation Ltd (HPCL) have announced a partnership to set up battery swapping stations at retail outlets for electric vehicles. The companies have signed a Memorandum of Understanding (MoU) and commercial agreement for setting up battery sharing services. It also marks the global launch of Honda’s battery sharing services business. Honda Motor Company, through its subsidiary Honda Power Pack Energy India, in October 2021 announced its plans to launch a battery sharing service in India with electric three-wheelers.

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Honda will start its battery swapping network in Bengaluru and then expand to other major cities

Speaking about the partnership, Kiyoshi Ito, President and MD, Honda Power Pack Energy India, said that he looks forward to a long-term partnership and friendship between Honda and HPCL to bring reliable and customer-centric battery sharing service to India. to ensure a green future. Referring to Honda’s association with HPCL, he said that for Honda it is a matter of finding the right partner at the right time.

Rajnish Mehta, Executive Director, Corporate Strategy Planning and Business Development, HPCL said that HPCL is already committed to become a net zero emission company by 2040 and partnerships with global players like Honda will play a key role in achieving this goal. He also said that a strong collaboration between HPCL and Honda will certainly pave the way for both the companies to accelerate the energy transition process.

Honda is planning to introduce battery swapping for electric three-wheelers and eventually make way for electric two-wheelers as well

Honda’s battery sharing service will enable rickshaw drivers to stop at the nearest battery swapping stations being set up in select cities and swap the discharged battery, which the company calls the Honda Mobile Power Pack E, which will enable drivers to get electric at a lower cost. Getting a three-wheeler will help while keeping the battery operating cost to a minimum as a service option. The company further said that the battery swapping network will also reduce the risk of drivers losing business while waiting for the battery to charge.

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Honda will commercially launch its battery as a service business in Bengaluru in the first half of 2022. It plans to set up a network of battery swap stations at strategic locations such as HPCL’s retail outlets. The company said that this service will be expanded to other major cities in a phased manner. The company said that initially the focus will be on electric three-wheelers, but later it will go to two-wheelers as well. Honda also said that it is developing its relationship with several OEMs in various applications.

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