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Exicom crosses 5000 EV chargers mark, plans to invest 200 crores

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EV chargers

Leading power solutions provider company in India, Exicom has crossed the mark of 5000 Electronic Vehicle chargers in 200 cities across the country.  The company has a substantial presence in the telecom, mobility and stationary energy segment.

Exicom installed its milestone 200KW charger for Tata Power at a transport depot in Delhi. It was the first company in India to win the EV charging tender from EESL (Energy Efficiency Services Limited) in 2018.  The majority of the EV chargers are installed at bus depots, fleet operators, public charging stations, residential communities and households.

Anant Nahata, managing director and CEO, of Exicom Group, said “The deployment of 5,000 EV chargers is just a stepping stone towards achieving the bigger vision of supporting a charging network for EVs for our country with products that are reliable and industry-leading in terms of performance.”

Exicom manufactures chargers at its Gurgaon facility in Haryana and plans to establish a greenfield factory there in 2022. The new unit will increase the production capacity. In this way, the company will be able to cater to not only domestic demand but also export markets. In addition to providing EV chargers to customers in South East Asia, DC fast charging equipment is currently being provided to Malaysia’s very first multi-fuel filling station in Sarawak. During the coming fiscal year, Exicom hopes to ship more than 20,000 electric vehicle chargers to its customers.

The power solutions company has also confirmed investments worth Rs 200 crore in the next three years to commission the new factory. During FY20, the company plans to roll out 20000 charging stations. This will be three times the growth of the previous year. According to the company Maharashtra, Delhi-NCR, Telangana, Karnataka and Tamil Nadu are its top 5 markets.

As diesel and petrol prices have risen sharply in India, electric vehicle sales have been increasing rapidly. Along with high fuel prices and EV government incentives, growing awareness in urban locations has also contributed to higher consumer demand during the past few months.

Currently, Exicom manufactures EV chargers for MG Motors, JBM, Tata Motors, Audi, amongst others and is leading the home charging segment.

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