Reliance Jio net profit rises 28% YoY to Rs 4,518 crore in Q2
Reliance Jio revenue from operations for the period ended September 30, 2022, stood at Rs 22,521 crore, up from Rs 18,735 crore posted in the same period of the previous year.
Sport utility vehicle (SUV) major Mahindra & Mahindra (M&M) and Reliance BP Mobility Ltd (brand Jio-bp) on Tuesday announced the strengthening of their tie-up.
Jio-bp – a fuels and mobility joint venture between Reliance Industries Ltd (RIL) and bp – will be setting up a robust charging network for Mahindra’s upcoming e-SUVs launches.
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Last year, the companies signed an MoU for exploring the creation of EV products and services, alongside identifying synergies in low-carbon and conventional fuels.
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Starting with 16 cities, Jio-bp will install DC fast chargers at the M&M dealership network and workshops across the country.
With these chargers being open to the public, the partnership will benefit all stakeholders in the electric vehicle (EV) value chain.
M&M launched its first all-electric C-segment SUV – the XUV400 at Mahindra Research Valley, Chennai earlier this month.
The company also made rapid strides towards electrification by unveiling its Born Electric Vision with a range of world-class electric SUVs to be launched in the country in the next few years.
The group is supplementing the launch of electric vehicles with access to extensive fast-charging infrastructure.
To this end, M&M has partnered with Jio-bp to provide EV users with a wide, accessible, and convenient fast-charging network.
The RIL and bp joint venture are aggressively expanding its Jio-bp pulse branded EV charging network by setting up charging facilities at multiple touch points within cities and major highways to ensure smooth intra-city and inter-city commutes for EV owners.
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