Exicom Aims for 50% Revenue from EV Chargers by 2030

06 Dec 2024 CW Team

India’s Exicom Tele-Systems, a leading supplier for automakers like Mahindra & Mahindra and MG Motor, projects its electric vehicle (EV) charger business will contribute half of its annual revenue by 2030, according to CEO Anant Nahata.

With India accelerating its clean energy transition by lowering import taxes on certain EVs and allocating substantial incentives for local EV and component manufacturing, Exicom is capitalizing on the surging demand. Currently, six out of ten e-cars sold in India are bundled with Exicom’s chargers.

In fiscal 2024, the EV charger segment generated 2.43 billion rupees (approximately $28.7 million), accounting for 25% of the company’s total revenue. Exicom plans to double this by 2030, supported by India’s EV market growth rate of 30%-50% annually.

To meet this target, the company will begin EV charger production at a new facility in Hyderabad next year, more than quadrupling its current production capacity. Additionally, Exicom is eyeing international markets, including Southeast Asia, Europe, and the United States, to expand its customer base of EV makers and charging operators.

Earlier this year, Exicom announced its acquisition of Tritium, an Australian EV charger manufacturer with a facility in Tennessee, U.S. This acquisition bolsters Exicom’s production and market presence.

Nahata highlighted that the company is exploring “organic and inorganic ways of growth” as part of its long-term strategy to cement its leadership in the global EV charging ecosystem.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..