E&E
Exicom’s Ambitious EV Charging Plans: What You Need to Know
Exicom Tele-Systems is targeting global leadership in the EV charging market, aiming for 50% of its revenue from this sector by 2030.
Exicom Tele-Systems, a leading player in India’s EV charging industry, has set ambitious plans to become a global leader in the EV charging market. The company aims to have its EV charger business contribute 50% of its total revenue by 2030. This goal aligns with the rising demand for electric vehicles (EVs) worldwide and the growing need for sustainable transportation solutions.
“Focusing on EV Charging”
Exicom has been supplying EV chargers to major Indian car manufacturers like Mahindra & Mahindra and MG Motor.
With India pushing for cleaner transportation options and government policies encouraging EV adoption, Exicom is focusing more on the EV charging market. This shift supports India’s goals to reduce carbon emissions, promote renewable energy, and decrease reliance on fossil fuels. As the demand for electric vehicles continues to grow, Exicom is ready to meet the increasing need for accessible and efficient EV charging infrastructure.
Government policies such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme are key drivers of this shift. These initiatives promote local manufacturing and support the growth of the EV market, allowing Exicom Tele-Systems to be a major contributor to India’s green future.
“Boosting Manufacturing in India”
To meet the rising demand for EV chargers in India, Exicom is heavily investing in its manufacturing capabilities.
The company is building a new plant in Hyderabad to significantly increase production capacity. By manufacturing locally, Exicom can offer more affordable charging solutions, which is crucial for speeding up the adoption of electric vehicles across India. This expansion also supports India’s “Make in India” initiative, which encourages local manufacturing and the creation of new jobs.
Exicom’s new plant will also contribute to India’s goal of becoming a global hub for sustainable manufacturing, particularly in the electric vehicle and renewable energy sectors. This move aligns with the country’s vision for a cleaner and more sustainable future.
“Expanding Globally”
While Exicom is focusing on the Indian market, it is also planning international expansion.
As the global EV market continues to grow, Exicom is targeting international markets in Southeast Asia, Europe, and the United States, where demand for EV charging infrastructure is also increasing. Southeast Asia, with its rapid urbanization and interest in sustainable technology, presents a promising market for Exicom’s charging solutions. Europe, a leader in EV adoption, offers a mature market, while the U.S., one of the largest consumers of electric vehicles, presents a significant opportunity for Exicom to grow its business.
Through expansion into these international markets, Exicom aims to capitalize on the global shift towards electric vehicles and clean energy. The company plans to establish itself as a reliable provider of sustainable EV charging solutions worldwide.
“Looking to the Future”
Exicom Tele-Systems is well on its way to becoming a major player in the global EV charging market. By expanding manufacturing in India and targeting international markets, Exicom is positioning itself for success. With more countries supporting electric vehicles and clean energy, Exicom’s goal of generating 50% of its revenue from EV chargers by 2030 is both achievable and promising.
As the demand for electric vehicles and charging infrastructure continues to rise globally, Exicom Tele-Systems has an excellent opportunity to grow its business. Through innovation, sustainability, and global expansion, Exicom is ready to play a transformative role in the future of electric transportation and renewable energy.
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