Gentari EV charging station in an Indian city
Kuala Lumpur-based energy giant Petronas is reportedly exploring the sale of its Indian green mobility subsidiary, Gentari Green Mobility India. The unit operates approximately 3,000 electric vehicle (EV) charging points across 11 Indian states.
This move follows a previous unsuccessful attempt by Gentari to divest a significant minority stake in its Indian renewable power generation business. The potential sale of the EV charging infrastructure business indicates a strategic shift or a reassessment of its green mobility investments in the Indian market.
Gentari, established by Petronas, aims to accelerate the adoption of clean energy and sustainable mobility solutions. The company’s presence in India with a substantial network of EV charging points signifies its commitment to the burgeoning electric vehicle sector in the country. However, the exploration of a sale suggests potential challenges or a new strategic direction for the subsidiary.
The Indian EV market has seen rapid growth, attracting significant investment. Gentari’s potential exit or divestment could signal intense competition or evolving investment strategies within the sector.
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