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 […]
Marking a pivotal stride in amplifying India’s electric vehicle (EV) charging infrastructure, Servotech Power Systems Ltd., a leading NSE-listed EV charger manufacturer, has joined forces with EMCOR Power Solutions. This strategic alliance aims to pave the way for a seamless, well-equipped, and technologically advanced EV charging landscape. EMCOR Power Solutions, recognized for its groundbreaking EV […]
Servotech Power Systems Ltd., India’s top electric vehicle (EV) charger manufacturer, has penned a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh. This collaboration seeks to inaugurate a state-of-the-art EV Charger manufacturing facility in the state, emphasizing backward integration. The venture will be orchestrated under the aegis of the Uttar Pradesh Electric Vehicle […]
Servotech Power Systems, an India-based manufacturer of solar, electric vehicle (EV) chargers, and other power solutions, announced remarkable Q1 FY24 financial results, demonstrating an impressive 148.9% increase in revenue from operations, and a 415.3% YoY growth in EBITDA. The figures were announced at the company’s Board of Directors meeting held on July 21, 2023. In […]
Servotech Power Systems has incorporated a subsidiary, named Techbec Industries Limited (TIL) to manufacture batteries. The newly established entity will be engaged in the manufacturing of batteries, mainly lithium-ion batteries, and other allied activities. Owning a 63.5% share capital, Servotech Power Systems will be the holding company of Techbec Industries Limited. Raman Bhatia – Servotech […]