The company aims to establish a network of 5,000 EV charging stations nationwide through its subsidiary in the coming years.
Servotech Power Systems Ltd. have announced the establishment of its wholly-owned subsidiary, Servotech EV Infra Pvt. Ltd., as it ventures into the EV Charge Point Operator (CPO) business. This strategic move marks a significant step for the company as it expands its presence in the rapidly growing EV charging industry. The company, known for delivering high-quality EV chargers to renowned oil marketing companies and EV charging station providers, is poised to revolutionise India’s EV charging infrastructure through its subsidiary.
As the Indian government aims to have 30% of all vehicles in the country be electric by 2030, the company is strategically positioned to harness this immense growth potential. The company aims to establish a network of 5,000 EV Charging Stations nationwide in the coming years, leveraging its expertise and strong track record in EV charging technology. This undertaking will contribute significantly to building a robust EV charging infrastructure, promoting sustainable transportation solutions. This development has the potential to be a game-changer.
As a leading EV charger manufacturer with a significant market share, the company recognises this position’s substantial responsibilities. Their recent foray into the EV CPO business with The subsidiary reflects their commitment to advancing India’s EV infrastructure landscape to support the country’s growing number of electric vehicles. This subsidiary aligns seamlessly with its mission of providing reliable and accessible charging solutions, addressing the critical need for a well-developed charging network to bolster the EV market. The company is optimistic that its efforts will substantially contribute to fulfilling this mission, cementing its position as a prominent player in India’s sustainable and thriving EV ecosystem.