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Servotech Power, UP govt signs MoU to set up EV charger plant

Monday, 14 Aug 2023
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Servotech Power Systems will invest Rs 300 crore to set up an EV charger manufacturing plant in Uttar Pradesh and has signed a memorandum of understanding (MoU) with the Uttar Pradesh government to this end. The MoU was signed by Servotech's top officials and UP's Industrial Development Minister Nand Gopal Gupta 'Nandi'.

The manufacturing facility is being set up under the Uttar Pradesh Electric Vehicle Manufacturing and Mobility Policy, 2022.

The MoU is a step towards the goal of making Uttar Pradesh a leading EV manufacturing hub in India, and is expected to create significant job creation in the state.

Servotech Power Systems is a leading manufacturer of EV chargers, solar products and other products.

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