Servotech has begun indigenous manufacturing of EV charger components, aligning with the Make in India initiative, further enhancing our role in India’s clean energy and sustainable infrastructure sectors, articulates Raman Bhatia, Founder and Managing Director of Servotech Power Systems Limited.

Q1: What were the key factors behind the company’s strong 41 percent year-on-year revenue growth in Q1FY25? With net profit growth at 9 percent, what strategies can be implemented to further enhance profitability?

The strong revenue growth was an amalgamation of many factors. However, key factors among them were the growing demand for EV chargers and renewable energy solutions, supported by government initiatives like the FAME scheme, PM Surya ghar muft bijli yojana, etc. The company’s strategic focus on expanding its presence across new markets, coupled with partnerships for large-scale EV infrastructure projects, also contributed significantly to revenue growth.

Additionally, continuous innovation and the introduction of high-tech products in the EV and solar segments helped capture a larger market share. Despite this strong revenue growth, there is room for improving profitability. Strategies to enhance margins include cost optimization through streamlining operations and improving supply chain efficiency, diversification into high-margin product lines, and expanding service offerings such as maintenance or subscription-based models. Furthermore, investing in automation and digital tools can help improve operational efficiency, reduce costs, and enhance overall profitability.

Q2: Could you provide insights into the company’s product portfolio and the contribution of each segment?

The company’s product portfolio majorly includes technologically advanced EV chargers which include a high range of both AC and DC EV Chargers and solar solutions like solar panels, solar inverters, and solar batteries. The company’s major source of revenue comes through EV chargers and solar solutions which are in high demand due to the shift toward sustainable energy.

We want to further capitalize on the growing market by expanding its offerings and scaling its operations in both the EV charging and solar energy sectors, solidifying its position as a key player in the green energy industry.

Q3: What is the company’s current order book, and how is it distributed among clients, particularly Oil Marketing Companies (OMCs)?

Servotech Power Systems Ltd. has a strong and diversified order book, demonstrating high demand for EV charging and solar solutions, especially from Oil Marketing Companies (OMCs). In 2024, the company secured an order for approximately 5,100 units of DC Fast EV chargers from BPCL, IOCL, HPCL, and other EV charger OEMs. Additionally, Servotech has an order for 52 EV charging stations from nodal agencies and DISCOMs.

The company also continues to work on solar projects, including a 1.2 MW Solar Energy Storage and Grid-connected System order from UPNEDA, expanding its presence in the renewable energy sector by promoting solar power solutions nationwide.

Q4: Is the company planning any capital expenditures? Additionally, what are its current top three strategic priorities?

Yes, the company is planning capital expenditures to support its growth in both EV charging infrastructure and renewable energy solutions. Investments will focus on expanding manufacturing capabilities, enhancing R&D for product innovation, and scaling the deployment of solar and EV charging systems.

The company’s top three strategic priorities include:

– Expanding Manufacturing Facility to meet the growing demand for EV chargers and solar energy solutions efficiently handling larger volumes of orders, reducing lead times, and maintaining high-quality standards across its product portfolio.

– R&D and Product Development through investing heavily in research and development to introduce new technologies, such as faster-charging solutions, smart energy management systems, and advanced solar inverters, catering to both domestic and international markets.

– Investment and In-house Development of EV Charger Components to reduce reliance on imports but also enhance the company’s control over product quality, supply chain resilience, and cost efficiencies.

Q5: What is your outlook for India’s electric equipment industry? Also, how does the company plan to leverage opportunities from government initiatives such as Make in India, the FAME Scheme, and the PM Suryodaya Yojana?

The future of India’s electrical equipment industry looks highly promising. According to reports, the market is projected to grow at a CAGR of 11.68 percent from 2023 to 2027, reaching a value of USD 52.98 billion, with the industry expected to double in size by 2030, achieving a market valuation of USD 130 billion.

Key drivers of this growth include the increasing number of residential and commercial building projects, rising power generation from renewable energy sources, and growing investments in the power sector. Servotech is well-positioned to capitalize on these opportunities, leveraging government initiatives like the PM Suryodaya Yojana. As an authorized vendor, the company has partnered with 62 DISCOMs to deliver cutting-edge solar solutions.

Additionally, Servotech has begun indigenous manufacturing of EV charger components, aligning with the Make in India initiative, further enhancing its role in India’s clean energy and sustainable infrastructure sectors.

Originally Published on: https://www.dsij.in/dsijarticledetail/interview-with-raman-bhatia-founder-and-managing-director-of-servotech-power-systems-limited-id004-43026

Raman Bhatia, Managing Director of Servotech Power Systems Ltd., has more than 25 years of experience in the field of renewable energy. He led the electric vehicle chargers and solar products business for Servotech Power Systems Ltd. When the company got listed on the NSE in 2017, he made a success out of the same. Leadership is most passionate about sustainability, clean energy solutions, and multiple awards under his leadership in the ‘green energy’ space.

The rise of sustainable energy is pivotal in the global battle against climate change, serving as an essential component for both planetary well-being and economic growth. As societies confront the pressing challenges of resource depletion, exploring alternatives like solar, wind, and hydropower becomes crucial for transitioning toward a sustainable future. Various sustainable energy sources offer significant benefits, but challenges must be overcome for widespread adoption. The role of industry leaders in fostering innovation and collaboration is crucial, as their efforts are transforming energy systems to create a greener tomorrow.

In an exclusive interview with SiliconIndia, Raman Bhatia, Managing Director of Servotech Power Systems Ltd. emphasized that digital transformation and strategic partnerships can be the best tools to foster innovation and ensure sustainability in a rapidly evolving market. Sustainability coupled with new technologies can efficiently meet new challenges while taking hold of new growth avenues for long-term growth.

1. How are industry leaders fostering innovation to stay competitive in today’s rapidly evolving market?

Embracing digital transformation is key to staying competitive in today’s rapidly evolving market. By investing in research and development (R&D) and forging strategic partnerships, leaders are leveraging advanced technologies like AI, and IoT, to streamline operations, enhance customer experiences, and create innovative products. Cultivating a culture of innovation that fosters employee creativity, experimentation, and calculated risk-taking keeps them ahead of market trends. Additionally, collaborating with startups and academic institutions allows access to cutting-edge ideas and technologies, driving continuous improvement and maintaining a competitive edge in an ever-changing landscape.

2. What key strategies are being adopted to promote sustainable growth while balancing profitability?

To achieve sustainable growth while balancing profitability, companies are adopting renewable energy solutions, optimizing resource efficiency, and embracing circular economy models. Leaders are prioritizing sustainable supply chains, using data analytics to minimize waste, and exploring new revenue streams in eco-friendly products and services to attract environmentally conscious consumers. Key strategies include focusing on long-term planning, reducing environmental impact, and maintaining social responsibility, all while aligning business practices with ethical and sustainable principles for lasting growth.

Leaders are prioritizing sustainable supply chains, using data analytics to minimize waste, and exploring new revenue streams in eco-friendly products and services to attract environmentally conscious consumers.

3. What role do sustainable practices play in shaping the future of businesses across different sectors?

Sustainable practices are essential for shaping the future of businesses by ensuring long-term viability, reducing environmental risks, and complying with regulatory standards. With growing consumer demand for eco-friendly products, companies are pressured to adopt sustainable strategies. In sectors like energy, automotive, and manufacturing, these practices drive innovation, lower costs through energy efficiency and waste reduction, and attract investors. By focusing on sustainability, businesses can enhance customer retention, mitigate risks, and unlock new opportunities for growth while addressing climate change.

4. What innovations in renewable energy are seen as pivotal to driving long-term sustainability efforts?

Key innovations in renewable energy include breakthroughs in solar technologies, advanced energy storage solutions like next-gen batteries, and smart grid systems that optimize energy distribution. Hydrogen fuel is emerging as a clean energy carrier for transportation and industry, while bioenergy innovations are reducing reliance on fossil fuels. These advancements are driving the global transition toward clean energy and enhancing the efficiency, cost-effectiveness, and reliability of renewable power.

5. How is digital transformation reshaping traditional industries and the way they operate?

Digital transformation is revolutionizing traditional industries by automating processes, optimizing supply chains, and enabling data-driven decision-making. Technologies like cloud computing, AI, and IoT are helping businesses enhance customer experiences, personalize services, and accelerate innovation. In sectors such as manufacturing, retail, and finance, digital tools are streamlining operations, reducing costs, and creating opportunities for new business models. This transformation is reshaping industries by improving efficiency, disrupting traditional value chains, and driving personalized, data-driven customer experiences.

6. How are businesses adjusting their budgets to meet changing market demands and ensure sustainable growth?

Businesses are reallocating budgets to prioritize investments in technology, sustainability initiatives, and innovation. By trimming unnecessary expenses and automating repetitive tasks, companies can invest in digital tools that provide long-term savings. They are adopting agile financial strategies that enable rapid adaptation to changing market demands while maintaining a focus on profitability and sustainable growth. This adjustment involves prioritizing innovation through research and development, investing in sustainable practices to enhance competitiveness, optimizing costs through process improvements, and building resilience against economic downturns and market fluctuations.

7. What emerging technologies hold the most potential for enhancing efficiency and customer engagement across sectors?

Emerging technologies such as artificial intelligence (AI), machine learning, blockchain, and 5G are playing a transformative role in the renewable energy sector, significantly enhancing efficiency and customer engagement. AI-driven solutions optimize energy consumption and improve predictive maintenance, while machine learning algorithms analyze vast amounts of data for better decision-making. Blockchain technology facilitates secure and transparent energy transactions, enabling peer-to-peer energy trading and enhancing supply chain traceability. Internet of Things (IoT) devices connect renewable energy sources, such as solar panels and wind turbines, to smart grids, allowing for real-time monitoring and improved resource management. Additionally, advancements in robotics automate maintenance tasks, enhancing safety and operational efficiency. These technologies are paving the way for a more sustainable energy future, driving innovation and growth in the renewable energy landscape.

Note: This Interview is Originally Published on SiliconIndia.com

Click the link: https://industry.siliconindia.com/viewpoint/ceo-insights/sustainable-solutions-how-industry-leaders-are-shaping-the-future-of-renewable-energy-nwid-47118.html

New to the world of EVs and EV charging? There are a few key terms you should know. In this blog, we’ll simplify essential EV terminology to help you understand how electric vehicles and their charging systems work. From batteries to charging, this quick guide is designed to make EV technology easy to grasp for people who want to know more about EVs and EV charging.

List of Basic Electric Vehicle Terms that you should know

A

AC (Alternating Current): A form of electric current that consumers use when they plug in kitchen appliances, fans, televisions, etc.

Amp (Short for Ampere): Unit used to measure electric current.

B

Battery: The battery is the energy center of the EV and is recharged by plugging the EV into a charging point.

Battery Pack: The battery system in an EV, is composed of modules, high-voltage hardware & protective features.

BEV (Battery Electric Vehicle): BEVs are vehicles that utilize the energy stored in rechargeable battery packs.

Battery Management System: An electronic system within the vehicle that manages & protects the battery.

C

Charging: EVs require an EV charger to keep the battery full, just like any chargeable device. This process is called charging.

Charging Point: A piece of equipment that supplies electrical power for charging EVs.

Charging Station: A facility with one or more electrical outlets for recharging the batteries of EVs.

CCS (Combined Charging System): It is a standard for charging EVs with AC & DC. Both AC & DC vehicle connectors can be charged via the vehicle inlet. It is a European standard connector now used globally.

CSMS (Charging Station Management Software): A system built for managing, controlling & optimizing the EV charging process.

Captive Charging Station: an exclusive facility for charging of EVs owned or controlled by the owner of the charging station or governed by him under a business agreement. 

Central Nodal Agency: Central Nodal Agency is responsible for the rollout of public EV charging infrastructure across the country. 

Charge Point Operator (CPO): any individual/entity operating the EV Charging Station. 

Charger Management System (CMS):  a system used by fleet operators, charge point operators, and others, to monitor and optimize electric vehicle charging operations. 

Community Charging Station:  semi-public charging station installed at Group Housing Societies or other residential accommodations where only residents or authorized visitors can get their EV charged.

D

DC (Direct Current): One-directional flow of electric charge. Fast chargers for EVs make use of DC.

DC Fast Charging: Offers accelerated charging away from home, primarily available at public charging stations. This type of charging allows for high power transfer and faster recharges.

E

EV (Electric Vehicle):  any vehicle propelled, partly or wholly, by an electric motor drawing current from a rechargeable storage battery, other portable energy storage devices, or other self-generating electric source, 

Electric Vehicle Charging Infrastructure (EVCI):  Network of charging stations catering to diverse EV charging requirements and includes components such as EVSE, connection to DISCOM’s supply system including electricity meter, Power Management System for energy optimization, energy distribution, grid stability and renewables integration, Communication network to assist data exchange in real-time and remotely manage EV charging stations, cables, connectors, RFID tags, software applications, circuit breakers, solar panels (if connected), civil work, smart meter, transformer, etc.

 Electric Vehicle Supply Equipment (EVSE): element in Electric Vehicle Charging Infrastructure (EVCI) that supplies electric energy for recharging the battery of electric vehicle

F

FCEV (Fuel Cell Electric Vehicle): A type of EV that uses a fuel cell instead of a battery, or in combination with a battery.

G

Green House Gases: Conventional vehicles emit greenhouse gases (such as carbon dioxide & methane). These are the ultimate causes of global warming.

Grid: Electricity supply mechanism. The EV ultimately draws power from the grid.

Group Housing Society (GHS): a building unit constructed or to be constructed with one or more floors having more than two dwelling units having common service facilities where land is owned jointly (as in the case of co-operative societies or the public agencies, such as local authorities or housing boards, etc.) 

H

HEV (Hybrid Electric Vehicle): An HEV utilizes a dual system of electric propulsion & an internal combustion engine.

Home charging: Plugging your EV when it is parked at home (typically overnight). A dedicated home charging point is the safest way of doing this.

I

ICE (Internal Combustion Engine): An engine powered by fuel in the form of petrol or diesel.

Incentives: Governments offer benefits to encourage buyers to choose an EV.

K

kW (kilowatt): A unit of electric power.

kWh (kilowatt-hour): The basic measurement of an EV’s energy – how much power (kilowatts) it can supply over a period of time (hours).

L

Lithium-ion battery: Also known as a Li-ion, it is a common rechargeable battery.

Level 1 charging: Charging your EV using a common household outlet up to 120v. Level 1 is the slowest method of charging and can take up to 24 hours to fully charge your EV.

Level 2 charging: Charge your EV at 240v using an installed outlet. Level 2 chargers are the most recommended chargers for EV owners.

Level 3 charging: Also known as DC charging, the fastest method of charging for all EVs. It can fully charge an EV battery in about half an hour.

N

Network Service Provider (NSP): with respect to any electronic record is an intermediary which receives, stores transmits, or provides any service with respect to that record. This includes telecom service providers, internet service providers, web-hosting service providers, search engines, online payment sites, online auction sites, online places, and cyber cafes. 

O

OEM (Original Equipment Manufacturer): A manufacturer of vehicles, vehicle parts & related services. Usually, the term is used for EV manufacturers.

Off-peak charging: Charging your electric vehicle at low-cost off-peak hours (usually at night).

OCPP (Open Charge Point Protocol): A protocol of communication between EV charging stations & charging management systems (even when produced by different vendors). 

 Open Access: It means non-discriminatory provision for the use of transmission lines or distribution systems or associated facilities with such lines or systems by any licensee or consumer or a person engaged in generation in accordance with the regulations specified by the Appropriate Commission.

Open Automated Demand Response (Open ADR): It is an open, highly secure, and two-way information exchange model and Smart Grid standard to standardize, automate, and simplify Demand Response (DR) and Distributed Energy Resources (DER) to enable utilities and aggregators to cost-effectively manage growing energy demand & decentralized energy production, and customers to control their energy future

Open Charge Point Interface (OCPI): a communication protocol that supports information exchange between multiple network service providers (NSPs) and charge point operators to enable automated roaming between public charging networks for the ease of EV charging. 

 Open Charge Point Protocol (OCPP): an open protocol used for communication between EVSE and the Charger Management system. 

P

PHEV (Plug-in Hybrid Electric Vehicle): A hybrid electric vehicle whose battery pack can be recharged by plugging a charging cable into an external power source.

Public charging: Charging infrastructure in public spaces accessible to everyone.

PM E-Drive: PM E-Drive, or the PM Electric Drive Revolution in Innovative Vehicle Enhancement, is a scheme by the government. It provides INR 36.79 billion in incentives to promote battery-powered two-wheelers, three-wheelers, ambulances, trucks, and other advanced EVs.

 Public Charging Station (PCS): EV charging station where any electric vehicle can get its battery recharged, without access restriction.

R

Range: The total distance an EV can travel on one full charge before the battery needs to be recharged.

Range anxiety: Stress caused due to the fear that an electric car will run out of battery power before the destination is reached.

Regenerative braking: A method of breaking used by an EV in which energy generated from the braking of the vehicle is stored and used.

Roaming: Roaming for EV charging enables drivers to charge their EVs with charging stations of different networks, using a single account.

S

SoC (State of Charge): The level of charge of an electric battery relative to its capacity.

Smart Charging: It is a way to optimize the charging process according to distribution grid constraints, utilization of renewable energy sources, and customer preference. This helps reduce transformer overloading requirements for enhancing the capability of the grid and mitigating voltage fluctuation in grids having high penetration of renewable energy sources. Smart charging includes bi-directional vehicle-to-grid integration

State Nodal Agency (SNA): an agency designated by the government for the rollout of Public EV Charging Infrastructure in the state. 

T

Top-up charging: Make use of the time your EV is not in use to add charge to your battery (usually when outside).

U

Unified Energy Interface (UEI): a standard and interoperable network based on open source Beck Protocol, which facilitates interoperability among charging networks, flexible demand response, grid services, and cloud storage. 

V

V2G (Vehicle to grid): A system that allows Electric Vehicles to communicate with the power grid to manage the flow of electricity in either direction.

W

Watt: The basic measurement of electrical power.

Z

Zero emission: Zero emission refers to an engine, motor, or process that emits no greenhouse gas.

On 11th September 2024, the Government of India announced the launch of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE Scheme). This initiative aims to propel India towards a sustainable and electric mobility future. With an investment of ₹10,900 crore over the next two years, the scheme focuses on promoting electric vehicles (EVs) across various categories and establishing essential infrastructure for their smooth operation.

What is the PM E-Drive Scheme?

PM E-DRIVE stands for Prime Minister’s Electric Drive Revolution in Innovative Vehicle Enhancement. This comprehensive scheme has been designed to push for large-scale adoption of electric vehicles, reduce the country’s dependence on fossil fuels, and tackle environmental concerns like air pollution.

The PM E-Drive Scheme is a government initiative aimed at accelerating the adoption of electric vehicles (EVs) in India. Announced with a budget of ₹10,900 crore, this scheme focuses primarily on electrifying two-wheelers, ambulances, and commercial vehicles like trucks, with the goal of reducing India’s reliance on fossil fuels and curbing vehicular emissions. Unlike previous programs, such as FAME I and FAME II, which offered broad incentives for electric cars and other EVs, the PM E-Drive Scheme takes a more targeted approach, excluding electric cars and emphasizing public and commercial transportation sectors that are slower in EV adoption.

Key Components of the PM E-DRIVE Scheme

The PM E-DRIVE Scheme consists of various components to ensure the holistic promotion and adoption of electric mobility in India. Here’s a breakdown of the major elements:

1. Subsidies and Incentives:

• ₹3,679 crore has been allocated for subsidies to incentivize the purchase of electric two-wheelers (e-2Ws), electric three-wheelers (e-3Ws), e-ambulances, e-trucks, and other emerging electric vehicles.
• These incentives are crucial for making EVs more affordable and accessible to the general public, helping to increase their penetration across different sectors.
• Special E-vouchers will be provided to buyers, enabling them to avail of demand-side incentives under the scheme.

2. Incentives for E-trucks:

A dedicated allocation of ₹500 crore has been made to incentivize the deployment of electric trucks (e-trucks) in the country. These incentives are expected to accelerate the transition of the logistics and goods transportation sector towards cleaner electric vehicles.

3. E-ambulances:

₹500 crore has also been reserved for the deployment of e-ambulances, further modernizing emergency medical services by introducing environmentally friendly, battery-operated ambulances across the nation.

4. Infrastructure Development:

The scheme lays a strong emphasis on building the necessary charging infrastructure for electric vehicles. To this end:

• 22,100 fast chargers will be installed for four-wheelers (e-4Ws).
• 1,800 fast chargers will be set up for electric buses (e-buses).
• 48,400 fast chargers will cater to electric two-wheelers (e-2Ws) and three-wheelers (e-3Ws).
• An additional ₹2,000 crore will be allocated for the EV public charging station (PCS) network, ensuring that EV users have access to charging facilities across the country.

5. Public Transport Electrification:

A significant ₹4,391 crore has been set aside for the procurement of 14,028 electric buses (e-buses) to be operated by State Transport Undertakings (STUs) and other public transport agencies. This move is expected to enhance public transport while significantly reducing carbon emissions and urban air pollution.

6. Preference for E-buses in Cities/States:

Under the PM E-DRIVE Scheme, priority will be given to cities and states that are actively procuring electric buses after scrapping old State Transport Undertaking (STU) buses. This step ensures that regions transitioning to eco-friendly buses will benefit the most from government support.

Expected Impact of PM E-DRIVE Scheme

The PM E-DRIVE Scheme is set to transform India’s mobility sector by accelerating the transition to electric vehicles. With substantial subsidies, infrastructure investments, and a focused approach on electrifying public transport, the initiative will bring the following benefits:

• Cleaner Air: The shift from internal combustion engine vehicles to electric vehicles will reduce air pollution, especially in urban areas.
• Energy Independence: By reducing reliance on fossil fuels, the scheme will help India in its energy independence journey.
• Boost to EV Industry: The incentives and infrastructure boost will drive growth in India’s electric vehicle manufacturing sector.
• Better Public Transport: With the electrification of thousands of public transport buses, citizens can expect a smoother, quieter, and cleaner commuting experience.

Conclusion

The PM E-DRIVE Scheme is a bold and forward-thinking initiative by the Indian government to promote electric mobility. With substantial financial support, infrastructure development, and targeted incentives, the scheme will significantly accelerate the adoption of EVs across different sectors. This move is a major step towards achieving India’s green mobility goals, reducing carbon emissions, and setting an example for sustainable urban transport solutions. India is taking a giant leap into the future with this electric revolution, paving the way for a cleaner, greener tomorrow.

As the adoption of electric vehicles (EVs) accelerates globally, the demand for efficient and reliable charging infrastructure has become a critical factor for the success of EV businesses. Managing a network of charging stations involves complex logistics, from ensuring optimal energy distribution to maintaining a seamless user experience. This is where EV Charging Management Software plays a pivotal role. By offering real-time monitoring, remote control, and advanced data analytics, this software not only streamlines operations but also enhances service quality and scalability. For EV businesses, investing in robust charging management software is essential to meet growing consumer expectations, optimize operational efficiency, and support the sustainable expansion of the electric mobility ecosystem

Read also: How to Open an Electric Car Charging Station in India

What is an EV Charging Management Software? 

An EV Charging Management Software is a software that manages EV charging stations. Through real-time monitoring and advanced data analytics, this software streamlines operations like payments, energy usage, and billing management. With an increase in the development of EV charging stations, investing in EV charging management software becomes extremely important to ensure smooth functioning and coordination. For EV businesses, the software is essential to meet the growing customer demands of EV Chargers, optimize operational efficiency, and support the sustainable expansion of the electric mobility ecosystem. 

How does EV Charging Management Software function?

It works by connecting to the charging station hardware and collecting data about the charging process, such as the charging status, energy consumption, and the duration it takes to charge a vehicle. This information is processed to provide various features and services to EV charging station operators and users. For operators, the software provides real-time monitoring of charging stations, allowing them to track the usage and performance of each station and quickly identify and resolve any issues or malfunctions that may arise. Additionally, operators can use the system to handle user accounts by setting up various billing and payment options, as well as keeping track of payments received and revenue generated from the charging station. Overall, the software provides users with a simple and smooth interface for accessing and using the charging station. 

Read also: Key Factors to Consider When Choosing an EV Charger

Need of EV Charging Management Software for EV Businesses

Investing in EV charging management software is essential to the expansion of the electric mobility ecosystem of EV Businesses. Here is the list of needs for EV Charging Management Software for EV Businesses.

1. Managing Complex Charging Networks

One of the biggest challenges is managing a growing network of charging stations and EV charging management software does it very efficiently. It enables businesses to monitor and control their entire charging network from a centralized platform, providing real-time data on station status, energy usage, and user behavior. This not only helps maximize the efficiency of the charging stations but also minimizes downtime and maintenance costs.

2. Enhancing User Experience

In the competitive EV market, customer satisfaction is paramount. Charging management software plays a crucial role in enhancing this user experience by offering features such as mobile app integration, automated billing, and real-time notifications. These features not only improve customer satisfaction but also encourage repeat usage, which is vital for the success of any EV charging business.

3. Optimizing Energy Consumption

With the integration of renewable energy sources into the grid, managing energy consumption has become more complex. Charging management software helps businesses optimize energy usage by dynamically adjusting charging schedules based on grid demand, energy prices, and renewable energy availability. This not only reduces operational costs but also supports the sustainability goals of the business by minimizing the carbon footprint associated with EV charging.

4. Facilitating Scalability

As the EV market grows, so too must the infrastructure that supports it. EV Charging management software is essential for businesses looking to scale their operations quickly and efficiently. It allows for the easy addition of new charging stations, integration with various payment systems, and customization of services to meet the needs of different customer segments. This flexibility is crucial for businesses that want to remain competitive in a rapidly evolving market.

5. Data-Driven Decision Making

Data is a powerful tool in any industry, and the EV sector is no exception. Charging management software provides businesses with valuable insights into customer behavior, energy usage patterns, and station performance. This data can be used to make informed decisions about where to invest in new infrastructure, how to optimize pricing strategies, and how to improve overall service delivery. By leveraging data analytics, businesses can gain a competitive edge and drive growth in the EV charging market.

Conclusion

In conclusion, as the electric vehicle market continues to expand, the need for sophisticated EV charging management software will only grow. For businesses in the EV sector, investing in such software is not just a necessity—it’s a strategic move that can drive efficiency, enhance customer satisfaction, and support sustainable growth. By adopting advanced charging management solutions, businesses can position themselves at the forefront of the EV revolution, ensuring long-term success in a rapidly changing landscape.

Read also: Top EV Charging Station Companies in India 2024

The last few years have seen a lot of growth and changes towards sustainability. Who would have thought that solar energy would be able to create such a significant impact on our lives by creating an alternative energy source to fuel our lives?

Solar panels play an important role in the journey toward making India a solar-powered nation. As customers who want solar panels, we often get confused about which brand to choose. Many solar panel brands in India are producing top-notch and high-quality solar panels and in this blog, we are going to tell you about the top solar brands in India that will help you easily switch to solar energy! 

List of the Top Solar Panel Brands in India 2024

Here is the list of top solar panel brands in India that will provide high-quality solar panels and help you easily switch to solar!

1. Servotech Power Systems Ltd.

Servotech Power Systems is one of the renowned brands in the solar energy sector. With over 20 years of experience, the company manufactures top-notch solar solutions, including solar panels, solar inverters, and solar batteries. Servotech is India’s leading solar company with an extensive project portfolio and has successfully delivered various solar power projects to numerous state governments, state nodal agencies, fuel retailers, oil refineries, and other key stakeholders. The company’s commitment to quality and innovation has made it a trusted name in the industry, contributing significantly to India’s renewable energy landscape.

2. Tata Power

Tata Power Solar Systems is a prominent industry leader in the solar energy business. Recognized for its excellence in producing top-tier solar panels within the Indian market, the company has successfully delivered an impressive 1.4 GW of solar modules globally over the last two decades. With a diverse product portfolio that includes solar PV modules, solar rooftop solutions, and solar water pumps catering to a wide range of applications.

3. Vikram Solar

Vikram Solar is one of the most reliable solar panel brands in India. With 10+ years of experience and a presence across 32 countries, Vikram Solar has done several key residential and commercial solar projects.

4. Loom Solar

Loom Solar is one of India’s leading solar panel-making companies specializing in mono-perc solar panels and lithium batteries. The company manufactures a wide range of solar panels, from 10 watts to 450 watts, which are super high-efficiency panels. Established in 2018 with its main office in Faridabad, Haryana, Loom Solar has an impressive manufacturing capacity of 100 MW. 

5. Goldi Solar

Founded in 2011, and headquartered in Surat, Gujarat, Goldi Solar manufactures high-end solar panels with a client base comprising several international brands in 20+ countries. The company has a manufacturing capacity of 500 MW and has added another 2000 MW, leading to a capacity of 2.5 GW.

6. Navitas Solar

Navitas Solar, with over three decades of experience, specializes in manufacturing Polycrystalline, Mono PERC, and TOPCon Solar Panel PV Modules ranging from 40 to 720 Watts per panel. The company has a remarkable manufacturing capacity of 2 GW. Navitas Solar has served 1000+ clients across India, 

7. Adani Solar

Adani Solar is a subsidiary of Adani Enterprises Ltd. and boasts a robust cumulative capacity exceeding 1.5 gigawatts for solar cells and modules. With a robust portfolio of solar PV modules and solar power solutions, Adani Solar focuses on research and development. The company continually strives to push the boundaries of solar technology, driving efficiency and performance to new heights.

8. Renewsys Solar

Specializing in producing solar modules and essential components such as solar PV cells, black sheets, and encapsulants, RenewSys Solar has been catering to the renewable energy needs of over 40 nations worldwide. The company has two state-of-the-art manufacturing facilities in India that have helped cement its position as a global solar energy modules provider. The company’s commitment to quality and innovation underscores its significant contribution to the advancement of sustainable energy solutions internationally.

9. Waree Solar

Formed in 1989, Waaree Energies Ltd is a Mumbai-based corporation with over 360+ locations in India and 68 overseas countries. It is one of the top solar panel-making companies in India, with stunning 2 GW module production facilities in Surat. Waaree Energies is also the first organization in the country to have an in-house NABL Lab Facility. With over 32 years of expertise, they provide solar rooftop solutions and various other services.

Conclusion 

The government has been actively promoting the use of solar energy across India by introducing new schemes, subsidies, and policies. The future looks promising for solar energy and related industries. With the rising global demand for sustainable solar solutions, the top 10 solar panel manufacturers are set for significant growth. Their role in India’s energy transition is crucial, and their contributions will be essential to reaching the country’s ambitious renewable energy goals.

The PM Surya Ghar Muft Bijli Yojana 2024 Online Registration Process has already begun and it is time to avail government subsidies. In this blog, we will tell you everything that you need to know about the PM Surya Ghar Muft Bijli Yojana. Read till the end of the blog and you will know about the full scheme, Objectives, Eligibility, Benefits, and How to Apply Online for this scheme.

What is PM Surya Ghar Muft Bijli Yojana? 

When announcing the interim budget 2024-25, Nirmala Sitharaman announced a new rooftop solar scheme, subsequently, the Prime Minister on 15 February 2024 launched the PM Surya Muft Bijli Yojana. The government aims to install solar panels in 1 crore households throughout the country throughout this scheme. Under this scheme, households who are installing solar panels on their rooftops will get 300 units of free electricity. Through this scheme, poor and middle-class households will be able to save up to Rs. 15,000 to Rs. 18,000 annually by getting solar electricity and selling surplus power to electricity distribution companies. Substantive subsidies that will cover up to 40% of the cost of installation of the solar panel will be provided directly to people’s bank accounts by the central government, and bank loans will be provided to ensure that there is no cost burden on the people. This scheme will also help the government save around Rs. 75,000 crore per year on electricity costs. Documents like proof of identity, proof of address, and electricity bill are required to inform you of the benefits of this scheme. 

Read also: Here Is What You Should Know About Pradhan Mantri Suryodaya Yojana

Objectives of PM Surya Ghar Muft Bijli Yojana

The objective of this scheme is to move towards sustainable energy practices, reduce the electricity costs of the house by installing rooftop solar panels and using solar energy, overall, decreasing dependency on conventional energy sources.

Eligibility for PM Surya Ghar Muft Bijli Yojana

• Applicants must own a place suitable for rooftop solar panel installation.
• Applicants must have a valid electricity connection.
• Applicants must be Indian.
• Applicants must be from the poor or middle class.
• Applicants should not have previously received any other subsidy for solar panels.

Benefits of the  PM Surya Ghar Muft Bijli Yojana

• Annual savings of Rs. 15,000 to Rs. 18,000  from solar electricity and selling excess power to distribution companies.
• Households receive loan facilities at low interest rates without any collateral or subsidies for installing solar panels.
• Entrepreneurship opportunities for vendors supplying and installing solar panels.
• Employment opportunities for youth possessing technical skills in solar panel installation and maintenance.
• Reduction in electricity costs for the government.
• Increased use of renewable energy and reduction in carbon emissions

Subsidy Structure 

Under this Rooftop Solar Scheme, the government will provide the subsidies for installing solar panels:

• For 2 kW – Rs. 30,000 per kW 
• For 3 kW – Rs. 18,000 per kW 
• For systems larger than 3 kW – Maximum Rs. 78,000

The suitable rooftop solar plant capacity for households is as follows:

Average monthly electricity Consumption (units)	Suitable Rooftop Solar Plant Capacity	Subsidy
0-150	1-2 kW	Rs. 30,000 to Rs. 60,000
150-300	2-3 kW	Rs. 60,000 to Rs. 78,000
>300	Above 3 kW	Rs. 78,000

Group Housing Societies (GHS) and Resident Welfare Associations (RWA) can get a subsidy of Rs. 18,000 per kW for shared facilities, including EV charging stations, up to 500 kW capacity, and the cost is Rs. 3 per kW for each house. This subsidy also covers individual rooftop solar plants installed by residents.

PM Surya Ghar Muft Bijli Yojana 2024 Registration Process

1. Visit the Official Website: Visit the PM Surya Ghar Muft Bijli Yojana’s official website.
2. Apply for Rooftop Solar: Click on the ‘Apply for Rooftop Solar’ button on the left side of the homepage.
3. Select Details: Choose your state, district, and electricity distribution company. Enter your customer account number and click ‘Next’.
4. Enter Contact Information: Provide your mobile number and email address, then follow the instructions to complete the registration.
5. Log In: Log in to your account using your account number and mobile number.
6. Apply for Rooftop Solar: Complete the application form for ‘Rooftop Solar’.
7. Feasibility Approval: Feasibility Approval is the process in which there is a final check by the concerned electricity company to ensure that the provided details are correct and that the area is sufficient and feasible for rooftop solar installation. Once it is approved by DISCOM, install the solar plant through a registered vendor in your DISCOM area. Find a registered vendor near you by clicking here and entering your state in the search bar.
8. Submit Plant Details: After installation, submit the plant details and apply for a net meter.
9. Inspection and Certification: Following the net meter installation and DISCOM inspection, a commissioning certificate will be generated from the portal.
10. Receive Subsidy: Once you have the commissioning report, log into the PM Surya Ghar Muft Bijli Yojana portal to submit your bank account details and a canceled cheque. The subsidy will be deposited into your bank account within 30 days after submitting the details.

Read also: UP Government all set to Solarize 25000 Homes in Varanasi

When we think about installing solar panels, sunny summer days may seem like the perfect time. But what if we told you that the rainy season is actually the best time to get started? It might sound surprising, but there are many reasons why installing solar during the monsoon season can be a smart move. The monsoon season offers unique advantages for homeowners and businesses considering to install solar panels.

As a leading solar manufacturer in India, we often hear questions like: “Will solar panels work in cloudy weather and at night?” “Will solar generate power when there is no sun and only rain?” “What about rusting and corrosion during heavy rains?” We provide detailed insights and data to clarify these common concerns.

Top 7 Reasons Why the Monsoons are the Perfect Season to Install Solar Panels

Let’s discuss why the monsoon is the right time to install solar systems. Here are the top 7 reasons why the monsoons are the perfect season to install solar panels:

1. Lower Demand, Better Deals

During the monsoon season, the demand for solar panel installations tends to decrease. Many people believe that solar panels won’t be as effective during cloudy and rainy days, which isn’t entirely accurate. This reduced demand often translates into better deals, discounts, and promotions from solar installation companies. Taking advantage of these offers can significantly reduce your initial investment costs.

2. Efficient Testing Conditions

Monsoons provide varied weather conditions, including cloudy skies, rain, and occasional sunshine. This range of weather conditions allows for effective testing of the solar panel system. Installers can better evaluate and optimize the system’s performance under diverse conditions, ensuring it works efficiently throughout the year.

3. Power generation slows during monsoons but never stops.

Solar panels rely on light to generate electricity. So, even during the rainy season, they continue to produce power. While heavy rain can reduce power generation, it doesn’t stop it completely due to the ability to absorb light. Moreover, solar panels will generate enough electricity in the summer to compensate for any reduction during the rainy season. Overall, investing in solar energy is an all-weather investment

4. Rainfall plays a crucial role in naturally cleaning solar panels 

One clear advantage of installing your solar panels during the rainy season is that rain naturally cleans the surfaces. Dust and dirt can accumulate on solar panels, reducing their effectiveness, but rainwater washes this away. This means maintenance requires minimal effort, keeping your panels efficient with less need for manual cleaning.

5. Foundation Strength

The foundation of your solar panel system is made from concrete. Installing it during the rainy season can benefit the curing process. Moreover, curing happens faster if it is done during rain. Rain helps naturally cure concrete, making it stronger than artificially cured foundations with a gain of over 30%. This additional power ensures that your system stays solid and long-lasting through the years.

6. Rain impacts mounting structures, panels are rain-resistant.

You might be concerned about the effects of rain on your solar panels, but the good news is they come with built-in water resistance features. However, it is essential to monitor the mounting structure, which is made from rust-proof materials such as zinc-coated and galvanized steel, or aluminum. These materials withstand the elements, keeping your panels intact and free from rust. Strong mounting structures are designed to resist high winds, ensuring your system remains intact. For example, some mounting structures are built to remain firm even when faced with cyclonic winds moving at 170 mph.

7. Government Incentives and Policies

Governments often roll out incentives and policies to promote renewable energy installations throughout the year. During the monsoon, there might be specific schemes or rebates aimed at encouraging installations before the end of the financial year. Keeping an eye on these incentives can provide additional financial benefits.

Conclusion

Installing solar panels is a long-term investment in sustainability. Over time, the cumulative benefits of reduced electricity bills, lower carbon footprints, and energy independence far outweigh the initial investment and seasonal considerations. Servotech Power Systems Ltd is your trusted partner in making this transition. Our expertise and dedication to quality make us the leading solar company in the area. So, if you’re ready to experience the power of the sun, reduce your environmental impact, and also save on energy costs, contact our experts today. We’re here to help you make an informed decision and start saving with solar energy.

How does the existing subsidy structure for coal-fired electricity impact the affordability of rooftop solar systems?

The existing subsidy structure for coal-fired electricity distorts the true energy cost and creates an uneven playing field for rooftop solar systems. Coal power plants receive subsidies that bring down the upfront cost for electricity generation companies. These subsidies often don’t reflect the full environmental and health costs of coal pollution. The subsidized generation cost translates to lower retail electricity prices for consumers. This makes rooftop solar, which has a higher upfront cost despite lower long-term running costs, seem less attractive financially. Lower retail electricity prices due to coal subsidies decrease the potential savings from generating your own solar power. This lengthens the payback period for rooftop solar investments, making them less appealing for cost-conscious consumers. In essence, coal subsidies artificially cheapen grid electricity, hindering the economic viability of rooftop solar and slowing down the transition to cleaner energy sources.

What are some of the key challenges identified in achieving widespread adoption of rooftop solar systems in India, particularly in rural areas?

Widespread adoption of rooftop solar in rural India encounters several challenges unique to these areas. While solar panels promise long-term savings, the initial investment poses a significant barrier for rural households with limited disposable income. Therefore, subsidies and tailored financing options are essential to make solar energy accessible. Moreover, many rural regions suffer from unreliable or nonexistent grid infrastructure, limiting the benefits of rooftop solar as generated power cannot be fed back to the grid for net metering. Addressing this issue requires significant investment in grid infrastructure. Additionally, the lack of access to information and technical expertise about solar technology inhibits adoption in rural communities, emphasizing the need for educational outreach programs. Furthermore, the structural suitability of common rural roof types, such as thatched roofs, for solar panel installations poses a challenge, necessitating alternative mounting solutions or exploring ground-mounted options. Moreover, the perception of complex maintenance requirements can discourage rural households from embracing solar energy. To overcome this, easy-to-maintain systems and accessible local service providers are essential. By implementing targeted policies, providing financial incentives, and conducting capacity-building initiatives, the vast potential of rooftop solar in rural India can be unlocked.

What are the factors that should be focused on to achieve the 40 GW target by 2026?

India can create a conducive environment for rapid rooftop solar deployment and achieve the ambitious 40 GW target by 2026 and achieve the same via a multi-pronged approach focusing on technical and financial aspects. Develop innovative financing models like rooftop solar loans with attractive interest rates, long repayment terms, and power purchase agreements (PPAs) for larger installations. This can improve affordability and spread the upfront cost. Simplify and streamline net metering policies to incentivize excess power feed-back to the grid. This can encourage larger rooftop installations and presumption models where consumers are both producers and consumers of electricity. Target subsidies towards low-income households in rural areas to bridge the affordability gap. Upgrade and expand the distribution grid infrastructure, especially in rural areas, to handle the increased power injection from rooftop solar systems and ensure reliable grid integration. Promote research and development in areas like building-integrated photovoltaics (BIPV) for efficient use of rooftop space, and explore cost-effective, lightweight mounting solutions suitable for different roof types.

How has India’s solar energy capacity evolved over the past decade, and what role do residential rooftop installations play in achieving the country’s renewable energy targets?

India’s solar energy sector has experienced remarkable growth in the past decade, surging from a modest 1.9 GW in 2010 to over 100 GW by 2023. This phenomenal expansion can be attributed to several factors. Technological advancements in photovoltaic technology have notably slashed panel costs, rendering solar energy more economically feasible. Moreover, supportive policies such as subsidies, net metering, and production-linked incentives have propelled the widespread adoption of large-scale solar projects. However, residential rooftop installations, although currently representing a smaller segment of the total solar capacity, offer unique advantages. Firstly, rooftop solar facilitates decentralized power generation, diminishing reliance on centralized power plants and transmission infrastructure. Additionally, rooftop solar generation during peak demand periods, particularly in the afternoons, alleviates strain on the grid. Furthermore, rooftop solar contributes to enhancing grid resilience by diversifying the energy mix and bolstering grid stability. While large-scale solar farms remain pivotal, the widespread adoption of rooftop solar is imperative for India to achieve its ambitious renewable energy targets.

The Interview is originally published in Entrepreneur India April issue

Read Full Interview: https://www.entrepreneur.com/en-in/growth-strategies/will-india-meet-revised-solar-rooftop-deadline-of-2026/472108