New Delhi: Servotech Power Systems Ltd., a prominent EV charger manufacturer in India, has recently been awarded a significant order for 1400 DC fast EV chargers from Indian Oil Corporation Limited (IOCL) and other EV charger OEMs. The order, valued at INR 111 crores, includes two charger variants of 60 kW and 120 kW.

Under the agreement with IOCL, Servotech will be responsible for the manufacturing, supply, and installation of DC EV chargers nationwide, with a focus on deploying them at Indian Oil petrol pumps and other designated locations. Additionally, Servotech will cater to the remaining charger requirements of various EV charger OEMs.

Servotech has also received orders for 1500 DC fast EV chargers from HPCL and OEMs, along with an order for 1800 DC EV chargers from BPCL. The cumulative order volume from oil marketing companies and EV charger OEMs now stands at 4700 units, totaling INR 333 crores.

The company has committed to completing the installation of all these chargers by the end of FY25. By March 31, 2024, Servotech aims to deploy 5% of the 4700 units of DC EV chargers and fulfill the deployment of the 2649 AC EV chargers ordered by BPCL.

Sarika Bhatia, Director of Servotech Power Systems Ltd., expressed gratitude for the opportunity to contribute to India’s E-Mobility revolution alongside major oil marketing companies such as IOCL, HPCL, and BPCL. Emphasizing their commitment to accelerating the transition to a sustainable future, Bhatia highlighted Servotech’s manufacturing capabilities and quality-conscious approach that have earned the trust of industry leaders.

Bhatia underscored Servotech’s vision to facilitate India’s transformation into a nation where EVs are not just a concept but a reality. By collaborating with oil marketing companies to install EV chargers at their petrol pumps, Servotech aims to establish a robust EV infrastructure that ensures accessibility for all across the country.

The company’s advanced DC fast EV chargers are designed to create e-mobility hubs that streamline transactions, improve accessibility, enhance user experience, and simplify navigation for EV drivers. With proactive measures in place, Servotech is committed to driving a seamless transition towards a greener and more sustainable transportation ecosystem.