New Launch21 May 2025, 07:21 pm
Havells India Ltd. to Enter Electric Vehicle Supply Equipment (EVSE) Market with INR 7-10 Crores Investment
AI Summary
Havells India Ltd. has announced its entry into the Electric Vehicle Supply Equipment (EVSE) market with the launch of EV Chargers. This new line of business will be part of the existing switchgear business and is expected to enhance the company's product proposition in the renewable energy ecosystem. The EV charger market is estimated to be approximately Rs. 1500 cr. The business is expected to be operational by the end of Q3 FY 2026. The Total Amount to be invested in the business is in the range of INR 7-10 crores.
Key Highlights
- Havells India Ltd. is entering the Electric Vehicle Supply Equipment (EVSE) market with the launch of EV Chargers.
- The new line of business will be part of the existing switchgear business.
- The EV charger market is estimated to be approximately Rs. 1500 cr.
- The business is expected to be operational by the end of Q3 FY 2026.
- The Total Amount to be invested in the business is in the range of INR 7-10 crores.