Servotech Power Systems Ltd., a prominent manufacturer of EV chargers in India, has clinched a significant deal to supply 1400 DC fast EV chargers to Indian Oil Corporation Limited (IOCL) and other EV charger OEMs. Valued at 111 crores, the order encompasses two charger variants of 60 kW and 120 kW. Servotech will undertake the manufacturing, supply, and installation of these chargers nationwide, with a focus on deploying them at Indian Oil petrol pumps and other designated locations. This strategic move is expected to accelerate the adoption of decarbonized mobility and address the evolving requirements of the EV charging infrastructure.
In addition to the IOCL contract, Servotech recently secured orders for 1500 DC Fast EV chargers from HPCL and 1800 DC EV chargers from BPCL, bringing the total number of orders from oil marketing companies and EV charger OEMs to 4700 units. The combined value of these orders stands at 333 crores.
Committing to the deployment of all these chargers by the end of the FY 2024-25, Servotech aims to install 5% of the 4700 DC EV chargers by March 31st, 2024. Furthermore, the company will fulfill the deployment of 2649 AC EV chargers ordered by BPCL by the same deadline.
Sarika Bhatia, Director of Servotech Power Systems Ltd., expressed pride in the company’s contribution to India’s E-Mobility revolution alongside major oil marketing companies. She emphasized Servotech’s commitment to accelerating the transition to a sustainable future, highlighting the selection by industry leaders based on manufacturing capabilities and quality-conscious EV chargers. Bhatia underscored the vision of transforming India into a nation where EVs are not just a vision but a reality, leveraging the network of oil marketing companies to build a robust EV infrastructure accessible to all.
“Our top-notch DC fast EV chargers are poised to create e-mobility hubs, streamlining transactions, enhancing accessibility, simplifying user experience, and aiding navigation for EV drivers. With our proactive assistance, we’re driving a seamless shift toward a greener, more sustainable transportation landscape,” Bhatia added, emphasizing Servotech’s role in facilitating a smoother transition to electric vehicles
