Servotech Power Systems Ltd., a prominent entity in India’s electric vehicle (EV) charging domain, has unveiled a strategic initiative aimed at bolstering the nation’s self-reliance in critical EV charger components. This visionary move underscores Servotech’s commitment to driving innovation and sustainability within the burgeoning EV industry.
Contents
- 1 Servotech Power Systems Advances India’s EV Charging Industry with In-house Components Manufacturing
- 1.1 Technical Collaboration for Enhanced Self-Sufficiency
- 1.2 Cutting-Edge Manufacturing Facility for Essential EV Charger Components
- 1.3 Scalable Production Capacity Aligned with Market Growth
- 1.4 Visionary Insights from Servotech’s Leadership
- 1.5 Key Milestones and Transformative Impacts
- 1.6 Servotech’s Pledge to Sustainable Innovation
Servotech Power Systems Advances India’s EV Charging Industry with In-house Components Manufacturing
Technical Collaboration for Enhanced Self-Sufficiency
In pursuit of this pivotal objective, Servotech has solidified a technical collaboration with a leading international company, marking a significant milestone in its quest to fortify the domestic supply chain for EV charger components. Emphasizing a departure from import dependency, this alliance positions India as a key contributor to the global EV charger supply chain.
Cutting-Edge Manufacturing Facility for Essential EV Charger Components
Servotech is actively engaged in the establishment of an advanced manufacturing facility dedicated to the production of Power Modules, Control Circuits, and PLCs – vital constituents at the heart of EV chargers. This strategic shift is poised to revolutionize the current landscape by fostering indigenous production capabilities, thereby ensuring a sustainable and resilient EV ecosystem.
Scalable Production Capacity Aligned with Market Growth
The new state-of-the-art plant will commence operations with an initial annual production capacity of 24,000 power modules and is primed to scale up to an impressive 2.4 lakh power modules annually. This strategic scaling aligns seamlessly with the burgeoning Indian EV market, which is projected to necessitate approximately 6 lakh units annually. Such foresight demonstrates Servotech’s resolute ambition to capture a substantial share of the rapidly expanding EV charging sector.
Visionary Insights from Servotech’s Leadership
Arun Handa, Chief Technical Officer at Servotech Power Systems Ltd., articulated the company’s vision, stating, “Our objective is to position Servotech as the premier supplier of EV Chargers and the preferred OEM supplier of Power Modules for Indian EV Charger manufacturers. By establishing a robust domestic supply chain, we aim to catalyze the growth of the EV ecosystem, making charging solutions more accessible and cost-effective for a wider populace.”
Key Milestones and Transformative Impacts
The envisioned timeline for the full operationalization of the new plant is December 2024. This strategic initiative is poised to yield transformative impacts, including reduced reliance on imported components, the creation of high-skilled employment opportunities within India, bolstered economic growth in the technology sector, and the advancement of India’s EV charging capabilities.
Servotech’s Pledge to Sustainable Innovation
The comapny remains steadfast in its commitment to spearheading India’s transition to clean energy solutions. This strategic investment in indigenous manufacturing underscores the company’s unwavering dedication to delivering dependable, cost-effective, and readily accessible EV charging solutions nationwide, heralding a new era of sustainable mobility.
Source: Servotech Power Systems
