Exicom sees a boost as major auto brands go for EV expansion

NEW DELHI: Electric vehicle charging solutions maker Exicom TeleSystems sees a boost to its business from the expansion in EV portfolios by major brands and uptake of the technology in overseas markets as well, a top official of the company said.

While speaking at the Bharat Mobility International Expo, Exicom managing director Anant Nahata told PTI that the company is on expansion spree and expects its third EV charger manufacturing unit in Hyderabad to become operational within four months.

He said that electric mobility has seen huge success in India, but in terms of cars, it is still between 3-4 per cent penetration.

Digitalmitra