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OMCs need to prepare for the next technology wave
Oct 04: The website carries here the details of a not very well known Indian company which has come out with a range of electric vehicles using indigenous R&D.
8It also has its own battery technology.
8The company is now rolling out battery charging stations across the country.
8Given that electric vehicles will have a preponderant role, it is time for oil marketing companies to begin exploring the prospect of tying up with relevant players to offer battery charging facilities, to begin with, for electric vehicles.
8There is no denying that at some point in time in the future, thousands of retail outlets with the oil marketing companies will stop dispensing liquid fuels as the world turns electric.
8Disruptive technology has the capacity to destroy existing business models very rapidly and it is imperative for the oil marketing companies to be on top of the game before it is too late
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