EV Charging Business Will Grow At 50 Per Cent In Next Three Years: Delta Electronics

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  • Delta Electronics stated that from next year they have a formal budget they have to chase in the market revenue of USD 10 million
  • The company has committed an investment of USD 500 million by up to 2026
  • Recently, the company unveiled an ‘E-Mobility Tech Experience Centre’ at its facility in Gurugram

According to a report by ET, a senior company official from Delta Electronics stated that its electric vehicle charging business in India will grow around 50 per cent per annum in the next three years with more carmakers bringing their EVs into the country.

In an interview with the news daily, Akshaye Barbuddhe, India Business Head, EV Charging Solutions, Delta Electronics informed that this year, they have supplied close to over 700 EV chargers of different types and different capacities

Formal budget

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He further stated that when more EVs are launched, it adds to the fuel. Adding e-mobility would also bring the sharing of charging infrastructure in the future. Till this year there was no formal business “but from next year we have a formal budget we have to chase in the market revenue of USD 10 million”.

He also informed the news daily that the company has committed an investment of USD 500 million by up to 2026. Of this USD 200 million is on setting up the first phase of Krishnagiri plant and R&D lab. He added that the Krishnagiri units will be developed in five phases, which include SEZ as well.

Recently, Delta Electronics India unveiled an ‘E-Mobility Tech Experience Centre’ at its facility in Gurugram. The company informed that the lab has been established to give customers, business partners and electric vehicle (EV) charging service providers experience of the whole ecosystem of EV charging solutions in the company’s portfolio.

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