Indian Oil denies collaboration with Okaya EV for EV charging infra: Details

Indian Oil Corporation (IOC) has clarified that it has not entered into any collaboration with Okaya EV Chargers for the installation of electric vehicle (EV) charging stations at its retail outlets. IOC said that the company has just been awarded the job of supplying and installing EV chargers at select outlets, thus it is just another vendor.
This clarification comes after Okaya EV Chargers announced on Wednesday that it plans to set up 2,550 EV charging stations across India in collaboration with IOC at an investment of Rs 125 crore.
The oil giant also claimed that Okaya EV Chargers’ statement about a collaboration did not have its approval, as per a Reuters report.

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It is unclear whether Okaya EV Chargers exaggerated its claims about a collaboration in order to attract investors or whether there was a misunderstanding between the two companies. We reached out to Okaya to seek a comment on the matter and will update the story once there is an official statement from the manufacturer’s end.
As per Okaya, the said EV chargers encompass a diverse range of high and low-voltage options, including the 3.3KW charger, 7.4KW charger, 30 KW wall-mounted CCS2 DC fast charger, and 60 KW CCS2 DC fast charger. Additionally, the company in its statement when announcing the said ‘collaboration’ said that it incorporates multi-layered protective mechanisms such as over voltage, under voltage, over current, short circuit, surge protection, over temperature, ground fault protection, residual current, and emergency shutdown with an alert system.
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