Servotech Power Systems has secured a significant deal with Hindustan Petroleum Corporation Limited (HPCL) to deliver electric vehicle (EV) chargers, following a similar agreement with Bharat Petroleum Corporation Limited (BPCL) in late January.
The deal with HPCL, valued at 102 crores, will see Servotech manufacture, supply, and install DC chargers nationwide, with a focus on deployment at HPCL’s retail outlets.
The chargers provided by Servotech will include both 60 kW and 120 kW variants, catering to different charging needs. Sarika Bhatia, Director of Servotech Power Systems, expressed the company’s commitment to accelerating the transition to a sustainable future in collaboration with HPCL.
This latest agreement adds to Servotech’s growing portfolio in the EV charging infrastructure sector. As of January 2024, the company has deployed 4,000 EV chargers across India, demonstrating its strong presence in the market.
See also:Ā Indian Developers Invest in Residential EV Charging Stations to Cater to Growing Demand
HPCL, on the other hand, has been actively expanding its EV charging infrastructure. In 2021, the company pledged to commission 5,000 EV chargers by 2024 and has since made agreements with various partners, including Convergence Energy Services Ltd (CESL), Tata Power, and Magenta EV Systems, to set up charging infrastructure at its retail outlets.
In a move to further enhance its EV ecosystem, HPCL recently partnered with Taiwan’s Gogoro, a pioneer in two-wheeler and battery-swapping technology, to develop a widespread battery-swapping infrastructure across India.
