What Indian EV Charging Ecosystem Look Like?

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What Indian EV Charging Ecosystem Look like?
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Taking you through the Current scenario
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As of Feb24, 12,146 public charging stations
(PCS) are operational in india. According to
BEE, 85 of operational EV chargers are slow
chargers. The rest are fast chargers. As of
Oct23,43 private CPOs installed 59 of the
charging stations. Remaining 41 installed by 26
public CPOs OMCs are installing 22,000 EV
charging stations across cities and highways by
Dec'24. Under the FAME Scheme, HPCL, IOCL and
BPCL will set up 7,432 public fast charging
stations.
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What Future Demands?
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The India Electric Vehicle (EV) markets
expansion across various vehicle segments,
reflects the increasing acceptance and adoption
of electric vehicles in the country. To meet the
140 ratio, For India, the ideal about 10 lakh
chargers
ratio is 140 i.e. 1 charging station for 40 EVs
by 2030.
will be needed by 2030, requiring 1,50,000
chargers annually.
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What do reports suggest?
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In a recent report released by Axis Securities,
Servotech has emerged as a key player in
developing a comprehensive and robust EV charging
infrastructure
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Arihant Capital released a report on the EV and
charging industry, highlighting key players. In
the report, Servotech was praised for its
significant contribution to e-mobility and
advancing India's EV-powered future.
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What is Servotech?
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• Servotech is a leading manufacturer of EV
  chargers, specializing in the electric vehicle
  charging space.
• The company has supplied over 6,900 EV chargers
  across India.
• Servotech focuses on developing high- quality and
  technologically advanced EV chargers.
• The company's efforts aim to support the
  electrification of transportation

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Companys Future Plans
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The company plans to expand production capacity
to 60,000 chargers annually. This increase will
allow the company to meet 40 of the
annual demand for 1,50,000 chargers.
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