Servotech Power Systems, a leading power technology company, has recently unveiled its ambitious plan to set up 5,000 EV charging stations across India. The company has established a subsidiary called Servotech EV Infra, which will operate as a Charge Point Operator (CPO) for these EV chargers.
With the government’s target of having 30% of all vehicles in the country be electric by 2030, the EV charging market is expected to experience rapid growth in the coming years. Servotech Power Systems aims to position itself as a significant player in this emerging market by capitalizing on its expertise in EV charging technology.
“We believe that this move into the EV CPO business with Servotech EV Infra will be a game changer. It reflects our commitment to making a substantial impact on the EV infrastructure landscape and supporting the increasing number of EVs in the country,” stated Raman Bhatia, Founder and Managing Director of Servotech Power Systems.
In addition to its plans for installing EV charging stations, Servotech Power Systems is investing INR 300 crore to establish an EV charger manufacturing plant in Uttar Pradesh. This investment aligns with the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy 2022, further demonstrating the company’s dedication to promoting sustainable transportation solutions.
Servotech Power Systems’ foray into the EV charging market showcases its forward-thinking approach and commitment to advancing clean and green mobility in India. As the demand for electric vehicles continues to rise, the installation of these charging stations will play a pivotal role in supporting the infrastructure needed for widespread EV adoption.
1. What is Servotech Power Systems planning to do?
Servotech Power Systems plans to install 5,000 EV charging stations across India.
2. What is Servotech EV Infra?
Servotech EV Infra is a subsidiary of Servotech Power Systems that will operate as a Charge Point Operator (CPO) for the EV chargers.
3. What is the government’s target for electric vehicles in India?
The government is aiming to have 30% of all vehicles in India be electric by 2030.
4. What investment is Servotech Power Systems making in Uttar Pradesh?
Servotech Power Systems is investing INR 300 crore to set up an EV charger manufacturing plant in Uttar Pradesh.
5. What policy is Servotech’s investment in Uttar Pradesh aligned with?
Servotech Power Systems’ investment in Uttar Pradesh aligns with the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy 2022.