written by | May 17, 2022

Charge Station Franchises for Electric Vehicles in India

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Table of Content


If you're looking for a new enterprise that will make you money in the future, here is the place to be. The electric charging station franchise is thus the greatest solution available. As you all know, the production of EV charging station companies is growing rapidly in society. The major four-wheeler and 2-wheeler manufacturers are now releasing four-wheelers and two-wheelers in the Indian market. Hyundai, Tata, Mahindra, Morrison Garage & Nissan are among the manufacturers and are the companies dedicated to electric vehicle charging companies. In India, 2-wheeler manufacturers and three-wheeled electric scooters offer two-wheeled electric scooters. The average cost of an EV charging station franchise in India for electric vehicle charging stations is quite low.

Did you know?

Electric utility providers or private organisations install EV charging station companies, also known as electric vehicle basic devices, in public parking lots or commercial shopping malls. These stations provide special connections, which comply with a range of electric charge connection standards.

The cost of utilising this ranges from regular or annual fixed prices to the per month and hourly rates. EV charging station franchises in India are frequently free and sponsored by local governments.

Also Read: Start a Reliance Petrol Pump Dealership Business

What Is the EV Electric Charging Station?

Before heading to a charging station franchise dealer, let us define what electric vehicle charging companies are. Essentially it's a location or zone where charging outlets are available. But it is built in a way that can recharge both two-wheeled and four-wheeled electric vehicles. This mechanism was designed to manage the high voltage/power.

All-electric cars are entirely reliant on the devices that are put with the vehicle. These automobiles do not have a diesel or gasoline option. As a result, EV charging stations are franchised in India. When a vehicle's battery power is too low, it may charge at those charging stations.

If the recharging stations offer rapid charging, EV charging station companies and demand will expand because everyone requires a quick charge. The standard charger that comes with the bike will require 4 to 5 hours for a full charge. 

A plug-in electric vehicle charging company is a station or place with a recharging outlet intended to handle the power requirements of the plug-in electric cars. When people think of electric automobiles, they usually think of battery-powered automobiles (which operate only on battery). At the same time, the EV charging station franchise cost is significantly more than that. Other electric vehicles are included in this category, like hybrid and electric vehicles with socket-chargeable batteries.

Why Should One Set Up an Electric EV Charging Station Franchise in India?

  • The first thing that comes to me is that I should open an EV charging station franchise in India. In this post, we'll go through the benefits of using a charging station: -
  • Electric motors are India's future, and demand for electric vehicles has risen fast in recent years. You will get an advantage if you establish an EV charging station franchise.
  • If you provide quick charging, electric car users will be more likely to utilise your services because the original charger isn't compatible with fast charging.
  • Putting together a quick electric charging station franchise in parking lots, retail malls, tourist attractions, crowded marketplaces and inside the large & small businesses is a great idea.
  • Electric cars, as you are all aware of India's future. In addition, demand for electric vehicles has risen dramatically in recent years.
  •  If you open an EV charging station franchise in India, you will undoubtedly earn the rewards.
  • If you provide quick charging, you will easily enable electric car owners to use your service because the charger isn't capable of rapid charging.
  • Another advantage of putting together an EV charging station company is that it can be done for a relatively modest cost. The cost of investing is different from one firm to the next.

The Companies that Provide EV Charging Station In India

About ten prominent organisations in India currently provide franchises for electric vehicles. The major EV charging station companies are below. If you wish to start a new business, you can select any of them.

  1. Tata Powers (Mumbai)
  2. Okaya power group (Delhi)
  3. Voltaire (Noida)
  4. EVQ Point (Bengaluru)
  5. Numerosity (Bangalore)
  6. Charge my gaddi (Delhi)
  7. Exicom power systems (Gurgaon)
  8. Charge Zone (Vadodara)
  9. Magneto's groups (Navi Mumbai)
  10. P2 power solution (Noida)

Investing in EV Charging Stations Cost

When someone wants to start a new business, the first thought that comes to mind is the amount of money required to get started and the EV charging station franchise cost. The costs of starting an EV charging station company vary depending on the firm, and in most Indian states, this might range from ₹1 lakh to ₹10lakhs.

The cost of investing differs significantly. It depends entirely on the electric vehicle charging companies' standard, output power, handling and setup fees. It is different from one business to the next. The following are the specifics for each charger type and the power output: -

Charger Type 

Output Power 

Charger Cost 

Bharat AC 001 

3.3 

₹70,000

Bharat DC 001

15

₹2,40,000

Type 2 

AC 22

₹125,000

CHAdemo

50

₹14,50,000

CCS

50

₹14,40,000

Another Setup Cost

   

New Electricity Connection

 

₹7,50,000

Civil Work 

 

₹2,50,000

Maintenance Cost 

 

₹3,50,000

Land Lease 

 

₹6,00,000

Electric Vehicle Station Setup Basic Requirements

Setting up an electric charging station franchise necessitates certain infrastructure, which is outlined below –

  • Parking spot for recharging a car
  • Certifications on the Ground
  • Efficient civil engineering
  • Nearness to a transformer
  • If the transformer is unavailable, connections for any renewable energy sources can be made.

Type of Charger Points (Connector Guns)

Charger Connector

Voltage Rated 

 No of the Charging

Fast Charging

CCS (Min 50 KW)

200-1000

 1/1CG

Fast Charging 

CHAdeMO (Min 50KW) 

200-1000

 1/1CG

Fast Charging 

Type-2 AC (Min 22 KW)

380-480 

1/1CG

 

Type-2 AC (Min 22 KW)

380-480

1/1CG

Normal (Slow/Moderate) Charging

Bharat DC-001 (15 KW)

72-200

1/1CG

 

Bharat AC-001 (10 KW)

230

3/3 CG of 3.3 KW Each

Revenue Estimates for a Typical Public Charging Station

Description

Year-1

15% CUF

Year-2

25% CUF

Year-3

40% CUF

Year-4

65% CUF

Year-5

85% CUF

Total in 5 Year

Electricity Sold to EVs/Year (kWh)

Per day Maximum: 3240

X Day / Year: 360

Considered as 100% CUF

₹1.74,960

₹2,91,600

₹4,66,560

₹7,58,160

₹9,91,440

₹26,82,72

Also Read: How to Establish a Bharat Petroleum Franchise in India?

Estimated Revenue (INR)

Scenario-A

The margin on Electricity Tariff – 2.5 Rs

₹4,37,400

₹7,29,000

₹11,66,400

₹18,95,400

₹24,78,600

₹67,06,800

Scenario-B

Margin on Electricity Tariff In

1st and 2nd Year – 3.0 Rs

3rd and 4th year – 2.5 Rs

5th Year Onward – 2.0 Rs

₹5,24,880

₹8,87,800

₹11,66,400

₹18,95,400

₹19,82,880

₹64,44,360

OPEX From Table 1-

₹972,000

₹8,22,000

₹8,22,000

₹8,22,000

₹8,22,000

₹42,60,000

EVSE Management

Software Free – 10% of Net Margin

         

₹6,70,680

Total OPEX Scenario-A

         

₹49,30,680

EVSE Management

Software Free – 10% of Net Margin

         

₹6,44,436

Total OPEX Scenario-B

         

₹49,04,436

Net Revenue Scenario-A

         

₹17,76,120

Net Revenue Scenario-B

         

₹15,39,924

Conclusion

Although electric vehicles account for barely 1% of all vehicles sold in India, the popularity of EV charging station companies is rising, increasing the demand for charging station franchises. If you are still on the fence about whether or not to start, the only point I want to say about this is that India's EV charging station franchise is indeed the way of the future. It's now or never to invest with them. The reply to your query is yes, but unless you have the financial means to invest in EV charging station franchise costs and wish to profit from the market. After the United States, India has the world's second-largest road network and EV charging station dealership. According to the e-Vahan Portal, over 5,17,322 electric cars have been licenced in the previous three years. Though modest compared to regular automobiles, electric vehicle charging companies are large enough to anticipate future demand.
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FAQs

Q: What are the names of the EV charging station dealership?

Ans:

Charging points, also known as e vehicle basic devices (EVSE), are installed in public parking lots and retail stores by electric utility companies or private organisations. Special connections are provided from these EV charging station dealerships, which conform to various electric charging adapter standards.

Q: In India, how many electric charging station franchises are there?

Ans:

India has 1,640 public electric charging station franchises in use, and approximately 940 stations are in Hyderabad, Surat, Delhi, Bengaluru, Kolkata, Mumbai, Pune, and Ahmedabad and Chennai.

Q: How can I get an EV charging station franchise?

Ans:

An 18 KW AC/DC charger and a 13 KW DC charger must be placed at the outlet for this franchise. At the time of charging, a 400 to 500 square foot space is required for car parking. In addition, the available electrical load must be at least 50 KW, and that is necessary to get an EV charging station franchise in India.

Q: Is it possible to charge an electric vehicle for free at a public EV charging station?

Ans:

Although many public charging firms still provide free charging (90% of Pod Point units). Tesla customers who have EV charging station franchises in India registered before September 2018 have free unrestricted usage of the electric vehicle charging companies (Charging infrastructure). Not all public charging stations are free these days.

Q: How much money do EV charging station companies bring in?

Ans:

According to an EV reporter, an operator can repay the hardware expenditures in 7 years with 8 hours of consumption a day and a return on capital of ₹ 3.5 per unit of power.

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The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.
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Disclaimer :
The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.