Servotech Power Systems, a solar EPC and electric vehicle (EV) charging solutions provider, is looking to deepen its presence in the renewable energy space with backward integration in the solar value chain. The company has announced plans to set up solar cell and module manufacturing facilities.
With the Ministry of New and Renewable Energy’s mandate for the use of domestically manufactured solar PV cells coming in force from June 1, 2026, the company is gearing up to seize the domestic opportunity. The mandate requires PV modules used in solar projects backed under government schemes, net-metering projects, and open access renewable energy initiatives to utilize domestically manufactured cells included in the ministry approved list.
“We have already committed capital expenditure for solar panel manufacturing, and work is underway for solar cell manufacturing in the next stage,” said Raman Bhatia, founder and managing director of Servotech, at the India-Global Green Tech Vision Forum 2025.
Looking ahead, Bhatia said, Servotech aims to transform more than two million rural households by deploying affordable renewable energy solutions, and install over 100,000 fast EV charging stations across India in the next five years. The company has entered into a partnership with French company Watt & Well to develop and manufacture EV charger components in India.
Servotech is also looking to expand globally in the EV charging segment. To tap global markets, especially in Africa and the U.S., Servotech has appointed global business strategist Errol Musk—father of Tesla CEO Elon Musk—as a member of its Global Advisory Board.
Back home, Servotech has secured significant contracts with Indian Railways, including projects with Northern, Eastern, and Central Railway zones. Most recently, it has won a 7.8 MW grid-connected rooftop solar project from the Northeast Frontier Railway’s Rangiya Division. The contract, valued at INR 336 million, also includes a five-year annual maintenance commitment.
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