Petronas subsidiary Gentari has begun exploring the sale of Gentari Green Mobility India, its electric vehicle (EV) charging business, in a move that could reshape the country’s charging infrastructure market. The Gurgaon-based unit operates about 3,000 EV charging points across 11 states in northern, western, central, and southern India.
India’s EV Charging Shake-Up: Gentari Puts Network on Block
The sale process is at an early stage, with potential bidders yet to be approached. The portfolio includes charging infrastructure positioned across major city centres and highway hubs, including hotels and restaurants. Gentari has operated the network independently as well as through a co-branding ecosystem partnership with Shell India.
The Gentari Go App supports customer access, subscriptions and vehicle-as-a-service offerings. Public records show that Gentari Green Mobility India has an authorised share capital of ₹24.25 crore.
Why Is Gentari Reviewing Its India EV Business?
India’s EV Charging Shake-Up comes as Gentari reassesses its infrastructure investments in the country’s rapidly evolving green mobility sector. The decision follows an unsuccessful attempt in 2025 to divest a significant minority stake in Gentari’s Indian renewable power generation business.
That transaction involved a proposed sale of a 50% minority stake in a 1.6 GW renewable energy generation portfolio. The unsuccessful process adds important context to Gentari’s latest review of its Indian assets.
EV Charging Market Faces Consolidation
The potential sale comes as India’s EV charging industry enters a more competitive phase. Although Gentari has not disclosed a valuation, a 2023 transaction involving global asset manager Macquarie Group and Chargezone offers a useful market reference. Chargezone’s 3,500-charger network was valued at around ₹1,500 crore in that transaction.
India’s EV Charging Shake-Up: Profitability Takes Centre Stage
The review comes despite strong domestic EV adoption prospects, supported by government measures such as the PM E-DRIVE Scheme. However, charging operators face pressure to move beyond network expansion and improve charger utilization, customer demand, and near-term profitability.
For potential buyers, Gentari’s 3,000-point network across 11 states could offer scale in India’s EV charging infrastructure market. For Gentari, the sale could signal a broader shift in capital allocation as the company evaluates returns from green mobility investments.
India’s EV Charging Shake-Up is therefore not simply about one company’s exit. It reflects a wider industry transition—from building charging footprints at speed to creating sustainable, high-utilization EV infrastructure. As the sale process progresses and bidders emerge, its outcome could provide a valuation benchmark for India’s expanding EV charging ecosystem in India today. India’s EV Charging Shake-Up could reshape the market overall.
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