Servotech Power Systems Ltd., a prominent manufacturer of EV Chargers in India, has clinched a substantial order for approximately 1500 DC fast EV chargers from Hindustan Petroleum Corporation Limited (HPCL) and other EV charger OEMs. Valued at 102 crores, the order encompasses two charger variants of 60 kW and 120 kW.
HPCL’s order entails Servotech’s manufacturing, supply, and installation of DC EV Chargers nationwide, with a focus on deployment at HPCL’s retail outlets. Additionally, Servotech will manufacture and supply the remaining chargers to other EV charger OEMs. This initiative is a significant stride towards enhancing the consumer-friendliness of EVs by establishing a robust and well-connected EV charging infrastructure. It also aligns with the goal of promoting decarbonized mobility and meeting the evolving requirements of the sustainable automotive industry.
Sarika Bhatia, Director of Servotech Power Systems Ltd., expressed gratitude for being part of India’s E-Mobility revolution and emphasized the commitment to accelerating the transition to a sustainable future in collaboration with HPCL. As a leading EV charger manufacturer, the aim is to transform India into a nation where EVs are not merely a concept but a tangible reality, driven by a shared vision and unwavering dedication.
Bhatia further highlighted the confidence in Servotech’s high-quality and technologically advanced DC fast EV chargers, which are poised to establish e-mobility touchpoints, streamline transactions, enhance availability, simplify discovery, and facilitate navigation for EV users. The company’s active support ensures a seamless transition towards a cleaner and more sustainable transportation ecosystem.
This press release serves to inform Servotech’s shareholders about the company’s recent success in the burgeoning EV charger market. The order from HPCL and other OEMs underscores the validation of Servotech’s products and capabilities, positioning the company favorably for future growth in the Indian EV market
