India, June 26 -- Indian Oil Corporation (IOC) has launched a battery swapping facility for electric vehicles (EVs) at its petrol pumps, offering to replace discharged batteries with fully charged ones in just couple of minutes. IOC will begin with a pilot of battery swapping at one of its outlets in Chandigarh and gradually scale it up to 20 stations. Battery swapping technology offers the best alternative to slow charging and helps the drivers make optimum use of the operational hours.

IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Mar...