Automotive IndustryElectric VehiclesLatest NewsNews Snippets

Servotech Power Systems Wins 111 Cr. EV Charger jobs from IOCL & OEMs

Servotech Power Systems Ltd. has secured jobs from IndianOil and other Original Equipment Manufacturers (OEMs) for 1,400 Electric Vehicle (EV) DC fast chargers. The complete work has been valued at Rs. 111 crore as per Servotech’s press release dated 1st March 2024.

Servotech will manufacture, supply and install DC fast chargers across India, especially at IndianOil filling stations. These chargers will be supplied in two variants – 60 KW and 120 KW. Apart from the DC chargers for IndianOil, the rest of these 1,400 chargers will be supplied to other EV charger OEMs.

Recently, Servotech had secured an order for 1,500 EV chargers from Hindustan Petroleum and other EV charger OEMs.

As per Servotech’s release, the company has won orders for 4,700 DC EV chargers from oil marketing companies and EV charger OEMs till date, and these orders will be executed by the end of FY-25.