Servotech Power Systems Limited has announced the establishment of its wholly owned subsidiary, Servotech EV Infra Pvt Ltd. This strategic move marks the company’s entry into the EV Charge Point Operator (CPO) business, signifying a significant expansion of its operations in the EV sector.
Servotech EV Infra Pvt Ltd is poised to take on the role of a CPO, focusing on installing EV charging stations nationwide. With its extensive experience producing high-quality EV chargers for significant oil marketing companies and EV charging station providers, Servotech is now set to significantly impact India’s EV charging infrastructure. The subsidiary will partner with Servotech Power Systems to manufacture and supply EV chargers, further strengthening the company’s commitment to the growing EV market.
Forging Ahead in EV Charging Infrastructure Development
Raman Bhatia, Founder and Managing Director of Servotech Power Systems, shared his insights on this significant venture: “The inception of Servotech EV Infra Pvt Ltd aligns perfectly with our pioneering spirit in the EV charging sector. This new subsidiary is not just an expansion but a pivotal element in our mission to revolutionize India’s EV infrastructure.”
The Indian government’s ambitious target of achieving 30% electric vehicles by 2030 sets a promising backdrop for the EV charging market’s expansion. Servotech EV Infra, with its proven expertise in EV charging technology, is strategically positioned to capitalize on this expected growth. The company aims to establish 5,000 EV Charging Stations nationwide in the coming years, a move that will contribute to building a comprehensive and robust EV charging network, essential for supporting sustainable transportation in India.
Raman Bhatia further added, “As a leading player in the EV charger market, we recognise our responsibility in shaping the future of EV charging solutions. Our efforts through Servotech EV Infra will be instrumental in developing a well-structured charging network, crucial for accommodating the increasing number of EVs in India. We are confident that this initiative will greatly contribute to India’s e-mobility goals and reinforce our position as a key player in the nation’s sustainable EV ecosystem.”
