Servotech wins order for 1500 DC fast EV chargers from state-run HPCL, OEMs

In a major development related to the electric vehicle infrastructure of India, Servotech Power Systems Ltd. has bagged a significant order for nearly 1500 DC fast EV chargers from state-run Hindustan Petroleum Corporation Limited (HPCL) and other EV charger OEMs. 

According to an exchange filing, the order is worth Rs 102 crores and involves two charger variants of 60 kW and 120 kW.

Servotech said that the order will involve manufacturing, supplying and installing DC EV chargers nationwide with priority being on deployment at HPCL's retail outlets. Additionally, Servotech will also manufacture and supply the rest of the chargers to EV charger OEMs. 

This move aims to promote EVs in India by building a consumer-friendly and well-connected EV charging infrastructure. It will also promote decarbonized mobility and cater to the evolving needs of the sustainable automotive industry.

Commenting on the order, Sarika Bhatia, Director of Servotech Power Systems Ltd., said that the company's goal is to make India a nation where EVs are not just a dream but a living reality through a shared vision and relentless dedication.

"We are confident that our high-quality and technologically advanced DC fast EV chargers will help to establish e-mobility touchpoints, optimize transactions, improve availability, simplify discovery, and facilitate navigation for EV users," Bhatia said.