Servotech Energy Techniques Ltd., a driving drive in India’s electrical car (EV) charging sector, introduced a strategic initiative to bolster the nation’s self-sufficiency in essential EV charger parts. To attain this objective, Servotech has secured a technical collaboration with a number one worldwide firm.

Servotech is developing a cutting-edge manufacturing facility centered on the manufacturing of Energy Modules, Management Circuits, and PLCs – important components on the core of EV chargers. This transfer marks a decisive shift away from reliance on imports and positions India as a key participant within the international EV charger provide chain.

The brand new plant can have an preliminary annual manufacturing capability of 24,000 energy modules and can ramp up its manufacturing capability to 2.4 lakh energy modules yearly in an effort to cater with the quickly rising Indian EV market which would require round 6 lakh models yearly. This scalable method demonstrates Servotech’s ambition to seize a big share of the increasing EV charging sector.

Commenting on this announcement Arun Handa, Chief Technical Officer, Servotech Energy Techniques Ltd. mentioned “Our objective is to make Servotech a most well-liked provider of EV Chargers in addition to most well-liked OEM provider of Energy Modules for Indian EV Charger producers. By establishing a strong home provide chain, we contribute to the general progress of the EV ecosystem, making charging options extra reasonably priced and accessible to a wider public.”

Key Milestones and Advantages:
The brand new plant is anticipated to be totally operational by December 2024.
This initiative will instantly contribute to:
o Diminished reliance on imported parts.
o Creation of high-skilled jobs inside India.
o Financial progress within the know-how sector.
o Development of India’s EV charging capabilities.

Servotech Energy Techniques Ltd. stands dedicated to spearheading India’s transition to scrub power options. This strategic funding in indigenous manufacturing reinforces the corporate’s dedication to offering reliable, cost-effective, and available EV charging options all through the nation.