India’s EV revolution is moving fast but the charging infrastructure is struggling to keep up. In this candid conversation, Anant Badjatya, CEO of Indofast Energy, breaks down why India has just 1 public charger for every 150–190 EVs, why the country is under-investing in charging, and how battery swapping could become the biggest catalyst for EV adoption.
As one of Indian Oil’s largest EV investments, Indofast has already deployed 18,000 chargers in under two years, supports 44 different vehicle types, and is targeting 15,000 swapping stations across 42 cities. With a planned investment of ₹10,000 crore, the company aims to build the world’s largest battery-swapping network in India.
Badjatya also explains:
- Why OEM collaboration is critical for solving India’s charging bottlenecks
- How battery swapping delivers better TCO and higher safety than fixed batteries
- Why uniform 5% GST on batteries and EVs could accelerate adoption
- How Indofast has already achieved 70–80% penetration in active cities
- And why their goal is to become the default energy partner for every two-wheeler EV customer.
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