Servotech Secures Order for 1400 Fast EV Chargers from IOCL

Servotech Secures Order for 1400 Fast EV Chargers from IOCL. Photo: Servotech

EV chargers manufacturer Servotech Power Systems Ltd. announced it has bagged an order of 1400 DC fast EV chargers from Indian Oil Corporation Limited (IOCL) and other EV charger OEMs. The total order is valued at Rs 111 crores and involves two charger variants of 60 kW and 120 kW, according to a press release by Servotech.

The order secured by IOCL involves Servotech manufacturing, supplying, and installing DC EV chargers nationwide, prioritising deployment at Indian Oil petrol pumps and other said locations. Additionally, Servotech will also manufacture and supply the rest of the chargers to EV charger OEMs, read the press release.

Sarika Bhatia, Director of Servotech Power Systems Ltd., said, “We are honoured to contribute to India’s E-Mobility revolution alongside major oil marketing companies like IOCL, HPCL, and BPCL. Together, we are committed to accelerating the transition to a sustainable future. It’s a source of pride that these industry leaders have chosen us based on our manufacturing capabilities and quality-conscious EV chargers.”

She further added, “As a premier EV charger manufacturer, we aim to transform India into a nation where EVs are not just a vision but a reality. With shared vision and unwavering dedication, we believe in making this dream come true. Leveraging the network of oil marketing companies and installing EV chargers at their petrol pumps, we’re building a robust infrastructure for EVs, making them accessible to all, everywhere”.

“Our top-notch DC fast EV chargers are poised to create e-mobility hubs, streamlining transactions, enhancing accessibility, simplifying user experience, and aiding navigation for EV drivers. With our proactive assistance, we’re driving a seamless shift toward a greener, more sustainable transportation landscape” said Bhatia.

Servotech will deploy 5% of the 4700 units of DC EV chargers by March 31st, 2024. Additionally, it will also complete the deployment of the 2649 AC EV chargers order received by BPCL by the same deadline.

Last month, Servotech also bagged an order for nearly 1500 DC fast EV chargers from Hindustan Petroleum Corporation Limited (HPCL) and other EV charger OEMs worth Rs 102 crores involving two charger variants of 60 kW and 120 kW.