Delta Electronics expects to grow EV

charging business to 50% in 3 years

Power and energy management firm Delta Electronics is expecting that its business of electric vehicles charging in India will grow around 50 per cent per annum in next three years with more car manufacturers bringing their EVs into the country.

The company till now has set up over 700 charging stations in India and is in the process to set up its third plant at Krishnagiri in Tamil Nadu as part of its $500- million investment programme till 2026.

Delta Electronics supplied over 700 EV chargers

Delta Electronics India Business Head, EV Charging Solutions, Akshaye Barbuddhe said that “This year, we have supplied close to over 700 EV chargers of different types and different capacities. We see that in the initial few years there will be a minimum 50 per cent growth and the market will evolve in three years.”

The EV charging ecosystem can only be expected to grow when the automobile manufacturers will bring more electric vehicles in India.

He says that, before there were very limited electric cars but currently we have at least four models. The EV market is developing and will develop more in three to four year, we can expect to fifty per cent.

At current we have homegrown electric cars by the auto majors Mahindra & Mahindra, Tata Motors and Hyundai Motors and MG Motors also set to launch in January 2020.

“As of now, we have a capacity of 100 EV chargers per month, which we can ramp up to 500 in three months time. We have no constraints but we will do it as per market demand said Barbuddhe.

The company has committed investment of $500 million by 2026 out of which $200 million is used on setting up of the first phase of Krishnagiri plant and R&D lab.

Delta Electronics has two other factories at Rudrapur and Hosur. Recently the company introduced its next-generation charging solutions such as DC City Charger and AC Max that will be used as the public charging infrastructure.

Electric vehicles charging stations are very important for an EV to charge, if sufficient charging stations are provided to the people, we will definitely see electric vehicles growth to 50% in just two to three years. 

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