Servotech Power Systems establishes Servotech EV Infra to boost EV charging infrastructure
Servotech Power Systems Ltd, a premier EV Charger manufacturer in India, has announced the formation of its wholly owned subsidiary, Servotech EV Infra Pvt Ltd. This move marks Servotech Power Systems’ foray into the EV Charge Point Operator (CPO) business, aiming to manufacture and supply EV chargers to Servotech EV Infra. This development delineates the distinct roles of the two entities, ensuring the protection of their respective interests.
With the Indian government targeting 30% of all vehicles to be electric by 2030, the EV charging market is poised for significant growth. Servotech EV Infra plans to capitalize on this opportunity with its expertise in EV charging technology. The company aims to establish 5000 EV Charging Stations nationwide, contributing to the development of a robust EV charging infrastructure and promoting sustainable transportation.
Raman Bhatia, Founder and Managing Director of Servotech Power Systems Ltd., commented, “The creation of Servotech EV Infra Pvt Ltd is a natural progression in our journey and a significant game-changer in the EV infrastructure landscape. Our efforts in expanding into the EV CPO business reflect our commitment to enhancing India’s EV ecosystem.”
Servotech’s expansion into the EV CPO business is a strategic move to strengthen its position in the rapidly growing EV market. The company’s mission to provide reliable and accessible charging solutions aligns with the critical need for a well-developed charging network to support the increasing number of EVs in India.