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Hot Pursuit News

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(08 Mar 2024, 17:01)

Servotech partners for domestic production of EV charger components

Servotech Power Systems said that it has secured a technical collaboration with a leading international company to bolster the nation's self-sufficiency in critical EV charger components.

The company is constructing a cutting-edge manufacturing facility focused on the production of Power Modules, Control Circuits, and PLCs – essential elements at the core of EV chargers. This move marks a decisive shift away from reliance on imports and positions India as a key player in the global EV charger supply chain.

The company said that the new plant will have an initial annual production capacity of 24,000 power modules and will ramp up its production capacity to 2.4 lakh power modules annually in order to cater with the rapidly growing Indian EV market which will require around 6 lakh units annually. This scalable approach demonstrates its ambition to capture a significant share of the expanding EV charging sector. The new plant is expected to be fully operational by December ...

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