+
Servotech & EMCOR Partner for 1000 EV Charging Stations
POWER & RENEWABLE ENERGY

Servotech & EMCOR Partner for 1000 EV Charging Stations

In a significant development aimed at enhancing India's electric vehicle (EV) charging infrastructure, Servotech Power Systems Ltd., a prominent NSE-listed EV charger manufacturer, and EMCOR Power Solutions, a key player in advanced EV charging solutions and battery technology, have signed a Memorandum of Understanding (MOU) to revolutionize EV charging infrastructure in the country.

EMCOR Power Solutions, the Indian startup of EMCOR International, a well-known Kuwait-based trading company with a strong focus on the Oil and Gas sector and ministerial departments, will provide Servotech Power Systems with 1000 Charge Point Operator (CPO) sites across India under the terms of this MOU. These sites will serve as the foundation for the installation of EV chargers, with Servotech Power Systems taking on the role of the manufacturer and installer of 30kW, 60kW, and even higher capacity DC fast EV chargers, strategically placed across India to meet the varying power needs of different locations. The project will be carried out in phases, beginning with the installation of 100 DC fast EV chargers in South India, followed by further expansion nationwide. This partnership represents a significant step toward efficient and comprehensive EV charging infrastructure in India.

Raman Bhatia, Managing Director of Servotech Power Systems Ltd., expressed his enthusiasm for the partnership, saying, "The signed MOU aims to accelerate nationwide adoption of Electric Vehicles by developing a well-equipped and technologically advanced EV charging infrastructure. We understand that the widespread adoption of EVs requires more than just cutting-edge EV chargers; it demands a comprehensive and robust charging infrastructure that is accessible to all. Our goal, as the leading EV charger manufacturer in India, with a substantial market share, is to turn this vision into reality. We are confident that our deep industry knowledge and expertise in manufacturing high-quality, reliable, and affordable charging solutions will make this partnership a resounding success."

"As the leading sustainable energy and power protection solutions provider, we, EMCOR Power Solutions, understand that the path to sustainability is paved through innovation, dedication, and strategic alliances. In the pursuit of fulfilling our vision of accelerating the transition to sustainable mobility, we have forged strategic partnerships. These partnerships signify our dedication to bringing world-class expertise and cutting-edge technology to the forefront of sustainable mobility solutions. We are fully committed to leveraging our vast experience and resources to drive transformative change in the sustainable mobility landscape. Through this partnership, we aim to enter the realm of EV charging and are excited about the possibilities this partnership holds and the positive impact it will bring to our nation's mobility landscape," said Byju Kuniyil, Managing Director of EMCOR Power Solutions and EMCOR International GTC, Kuwait.

In a significant development aimed at enhancing India's electric vehicle (EV) charging infrastructure, Servotech Power Systems Ltd., a prominent NSE-listed EV charger manufacturer, and EMCOR Power Solutions, a key player in advanced EV charging solutions and battery technology, have signed a Memorandum of Understanding (MOU) to revolutionize EV charging infrastructure in the country. EMCOR Power Solutions, the Indian startup of EMCOR International, a well-known Kuwait-based trading company with a strong focus on the Oil and Gas sector and ministerial departments, will provide Servotech Power Systems with 1000 Charge Point Operator (CPO) sites across India under the terms of this MOU. These sites will serve as the foundation for the installation of EV chargers, with Servotech Power Systems taking on the role of the manufacturer and installer of 30kW, 60kW, and even higher capacity DC fast EV chargers, strategically placed across India to meet the varying power needs of different locations. The project will be carried out in phases, beginning with the installation of 100 DC fast EV chargers in South India, followed by further expansion nationwide. This partnership represents a significant step toward efficient and comprehensive EV charging infrastructure in India. Raman Bhatia, Managing Director of Servotech Power Systems Ltd., expressed his enthusiasm for the partnership, saying, The signed MOU aims to accelerate nationwide adoption of Electric Vehicles by developing a well-equipped and technologically advanced EV charging infrastructure. We understand that the widespread adoption of EVs requires more than just cutting-edge EV chargers; it demands a comprehensive and robust charging infrastructure that is accessible to all. Our goal, as the leading EV charger manufacturer in India, with a substantial market share, is to turn this vision into reality. We are confident that our deep industry knowledge and expertise in manufacturing high-quality, reliable, and affordable charging solutions will make this partnership a resounding success. As the leading sustainable energy and power protection solutions provider, we, EMCOR Power Solutions, understand that the path to sustainability is paved through innovation, dedication, and strategic alliances. In the pursuit of fulfilling our vision of accelerating the transition to sustainable mobility, we have forged strategic partnerships. These partnerships signify our dedication to bringing world-class expertise and cutting-edge technology to the forefront of sustainable mobility solutions. We are fully committed to leveraging our vast experience and resources to drive transformative change in the sustainable mobility landscape. Through this partnership, we aim to enter the realm of EV charging and are excited about the possibilities this partnership holds and the positive impact it will bring to our nation's mobility landscape, said Byju Kuniyil, Managing Director of EMCOR Power Solutions and EMCOR International GTC, Kuwait.

Next Story
Infrastructure Urban

Budget Proposal Aims to Boost Investments

The recent budget proposal has introduced measures designed to promote investments and generate job opportunities across various industries, as reported by the Economic Times. This initiative seeks to stimulate economic activity and strengthen the country's growth trajectory by encouraging both domestic and foreign investments. Key aspects of the proposal include targeted incentives for sectors poised for expansion, such as renewable energy, infrastructure, and technology. The government aims to create a more favorable investment climate by offering tax benefits, subsidies, and streamlined reg..

Next Story
Infrastructure Urban

Indian Financial System Resilient Amidst Challenges

The Reserve Bank of India (RBI) Deputy Governor M. Rajeshwar Rao has emphasized the robust nature of the Indian financial system despite global economic headwinds, according to Economic Times. Rao?s comments reflect confidence in the stability and resilience of India's financial sector amidst a backdrop of international economic uncertainties and financial volatility. Rao highlighted that India?s financial system is well-equipped to handle external shocks due to its solid regulatory framework and prudent risk management practices. The country?s banking sector has demonstrated resilience throug..

Next Story
Infrastructure Energy

SC Allows State Tax on Mines, Minerals

Opposition leaders have welcomed the Supreme Court's recent decision permitting states to levy taxes on mines and mineral-bearing lands, as reported. The ruling is seen as a significant victory for state governments seeking greater control and revenue from natural resource extraction within their jurisdictions. The Supreme Court?s decision empowers states to impose taxes on mining operations and mineral-rich lands, which could enhance their revenue streams and enable better management of local resources. This move is particularly important for states with substantial mineral resources, as it a..

Talk to us?