The Government of Uttar Pradesh and Servotech Power Systems Ltd., India's top EV charger manufacturer, signed an MoU to establish an EV charger manufacturing factory in the state with backward integration.

The Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy 2022 will direct the establishment of the plant.

The MoU was signed by Raman Bhatia, Managing Director, Servotech Power Systems Ltd., and Nand Gopal Gupta ‘Nandi’, Minister of Industrial Development, Government of Uttar Pradesh, in the presence of Daya Shankar Singh, Transport Minister, Government of Uttar Pradesh, Abhishek Prakash, CEO, Invest UP, IAS Prathamesh Kumar, Spl. Secretary to Chief Minister and Addl. CEO, Invest UP and other dignitaries.

As per this MoU, Servotech will invest nearly 300 crore for this project in phases and will create employment for over 500 people.

This manufacturing plant will be partially operational in the first quarter of 2025 and will have the capacity to manufacture 10,000 EV DC Fast chargers per year.

The chargers will be manufactured for both domestic and export markets.