Servotech Power to make EV chargers with ₹300 cr investment in UP

Servotech Power Systems has signed an MoU with the UP government to establish an EV charger manufacturing plant in the state with an investment of around ₹300 crore. The factory will have the capacity to manufacture 10,000 EV DC fast chargers per year, as per an official release. The project will generate employment for over 500 people.