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Servotech Renewables' Chief Operating Officer Prem Prakash told an August 2026 interview that EV chargers fell from roughly 42 to 43 percent of revenue in Q4 FY26 to about 2.5 percent in Q1 FY27, while solar products rose to 94.8 percent from around 51 percent. He attributed the shift to project execution timelines rather than strategy, saying EV charger revenue fluctuates with central and state government policies and demand cycles. The firm is expanding into batteries, energy storage and Dubai as part of a wider clean energy push.

Why it matters: Sharp quarterly swings in charger revenue highlight how dependent Indian suppliers remain on government procurement cycles and project phasing. Buyers and funders tracking Servotech's pipeline should watch for policy announcements that could reverse the Q1 mix in coming quarters.

Indian firms Servotech Renewable Power and Electra EV have secured a patent from the Indian Patent Office for a charging device that enables low-voltage EVs operating below 200V DC to access fast DC charging through existing high-voltage CCS2 infrastructure. The technology uses integrated power management and voltage conversion to bridge the gap for small commercial EVs, pickup vans and vehicles built to the GB/T Bharat DC 001 standard, which have historically been unable to use India's widely deployed high-voltage fast-charging network. CCS2 infrastructure supports ultra-fast charging capabilities of up to 500kW or more.

Why it matters: The patent could expand the addressable market for existing CCS2 charging infrastructure in India by making it compatible with low-voltage commercial fleets and GB/T Bharat DC 001 vehicles. CPOs may see increased utilisation of high-voltage chargers without needing separate low-voltage hardware, while procurement teams can consider dual-use infrastructure for mixed-voltage fleets.

Noida Power Company Limited (NPCL) and Servotech have inaugurated an EV charging plaza in Tilpata, Greater Noida, featuring two charging points with four guns offering 120 kW and 60 kW fast charging. The facility can charge up to four electric buses simultaneously and fully charge two wheelers in 45 to 60 minutes, with slow charging for two and three wheelers also available. NPCL is expanding charging access into residential and commercial areas, with plans to install stations within residential societies.

Why it matters: The plaza demonstrates how distribution companies are partnering with infrastructure firms to deploy high capacity charging for commercial fleets alongside consumer vehicles, a model that could inform procurement strategies for mixed use sites. The planned expansion into residential societies signals growing opportunities for CPOs to secure contracts in India's housing and industrial sectors.