Servotech Power Systems Ltd., a leading manufacturer of Solar Products and EV Chargers rebrands as Servotech Renewable Power System Limited. The company has a long history in power conditioning products and name rebranding reflects its unwavering commitment to providing cutting-edge renewable energy solutions and aligns perfectly with its core vision: “Produce Green to Live Green”.

Originally focused on power conditioning products, Servotech has evolved over the past decade, progressively dedicating its resources and expertise to the renewable energy sector. This evolution has led to the company becoming a prominent manufacturer of solar products and EV chargers. The renaming to Servotech Renewable Power System Limited marks a crucial milestone in this journey, underscoring the company’s long-term vision to spearhead the transition to a sustainable energy future.

This rebranding is more than just a name change; it represents a complete realignment of the company’s focus. Servotech is now fully immersed in the “Produce Green to Live Green” philosophy, committing to developing and deploying technologies that minimize environmental impact and promote a cleaner future.

“We are incredibly excited to embark on this new chapter for Servotech,” said Raman Bhatia, Founder & Managing Director of Servotech Renewable Power System Ltd. (Formerly Servotech Power Systems Ltd.). “Our roots are in power conditioning, but our future is in green energy. This rebranding to Servotech Renewable Power System Ltd. communicates our unwavering commitment to driving the adoption of clean energy solutions and reflects our complete dedication to a sustainable future. We believe that producing green energy is essential for living green, and we are fully committed to this vision”, added Bhatia

Servotech aims to unlock vast opportunities, not only to contribute significantly to decarbonization efforts but also to emerge as a dominant player in the rapidly evolving energy landscape. The company is dedicated to providing innovative and comprehensive solutions that empower industries and communities to embrace a sustainable energy future, creating enduring value for both its esteemed customers and the environment.

India’s EV Market is witnessing explosive growth, driven by a confluence of factors: government incentives, surging consumer demand, and a burgeoning ecosystem of startups and established players. 2024 has been a pivotal year, marked by significant advancements across the Electric Vehicles India spectrum, from Electric Two-Wheelers India and Electric Cars India to charging infrastructure and battery technology. This blog post delves into the key developments that have shaped the EV Industry India landscape in 2024, providing insights into the future trajectory of this transformative industry.

In 2024, India’s EV Industry saw substantial growth, with sales reaching about 1.94 million units, a 26.5% increase over the previous year. The market is expected to develop at a compound annual growth rate (CAGR) of 22.4%, reaching $117.78 billion by 2032. Electric Two-Wheelers India led the EV market, with sales of approximately one million units in fiscal year 2024. Despite this development, issues such as limited charging infrastructure and high car costs continue to impact adoption rates. The government’s ambitious goal of having EVs contribute to 30% of new car sales by 2030 faces challenges, including a 20% increase in hybrid vehicle sales that exceeded growth in pure EVs. Overall, while India’s EV Industry is on the rise, concentrated efforts are required to overcome current challenges and meet stated targets.

PM E-DRIVE Scheme 2024

In 2024, India introduced the PM E-DRIVE Scheme, committing ₹10,900 crore (~$1.3 billion) over two years to increase EV adoption and improve charging infrastructure. The program focuses on promoting Electric Two-Wheelers India and three-wheelers, e-ambulances, e-trucks, and e-buses, as well as extending public charging infrastructure. This effort intends to minimize pollution and shift to cleaner fuels, contributing to the government’s goal of having EVs account for 30% of new car sales by 2030. PM E-DRIVE, which was announced on September 29, 2024, also funds modifications to vehicle testing agencies, representing a substantial step towards sustainable transportation.

Key Ministry Guidelines

In 2024, the Ministry of Heavy Industries (MHI) published major guidelines to strengthen India’s EV sector:

• Electric Mobility Promotion Scheme 2024 (EMPS 2024): The ₹500 crore initiative (April 1 to July 31, 2024) intends to promote the use of Electric Two-Wheelers India and three-wheelers, including e-rickshaws and e-carts. It focuses on offering economical and environmentally friendly public transport options, with incentives for automobiles with advanced EV Battery Technology in India.
  
• PM E-DRIVE: This two-year initiative, announced on September 29, 2024, gives ₹10,900 crore to assist electric vehicles such as e-2Ws, e-3Ws, e-trucks, e-buses, e-ambulances, EV public charging stations, and enhancing vehicle testing agencies.
  
• Operational Guidelines for Electric Mobility Promotion Scheme-2024: Issued in March 2024, these guidelines outline the operational framework for EMPS 2024, detailing the procedures for implementing the scheme and ensuring effective utilization of allocated funds.

These initiatives reflect the government’s commitment to fostering a sustainable and robust EV ecosystem in India.

EV Charging Infrastructure

In 2024, India made major efforts towards expanding its EV infrastructure. Public charging stations increased from 10,261 in September 2023 to 16,347 by March 2024, indicating greater EV usage. Karnataka took the lead, accounting for 24% of the national total with 5,705 stations, followed by Maharashtra (3,615), Delhi (1,931), Uttar Pradesh (1,845), and Tamil Nadu (1,221). By mid-2024, these states would collectively account for 60% of the nation’s charging infrastructure. Delhi intended to install 18,000 public and semi-public charging outlets, and Kerala’s State Electricity Board prioritized charging infrastructure to encourage EV growth.

The Role of AI in EV and IoT in EV in Transforming EV Operations

In 2024, the integration of AI in EVs and the Internet of Things (IoT) transformed India’s electric vehicle operations. AI in EV-powered solutions improved traffic navigation, collision avoidance, and route optimization, resulting in safer and more efficient transportation. IoT in EV-enabled real-time diagnostics has enabled innovative business models such as Battery-as-a-business (BaaS), resulting in cost-effective EV ecosystems. Furthermore, AI in EV-powered helpdesk solutions boosted customer service, hence improving the overall user experience. These breakthroughs demonstrate AI in EV and IoT in EV’s disruptive impact on the EV industry.

BIS EV Standards

In 2024, the Bureau of Indian Standards (BIS) issued two pivotal standards—IS 18590:2024 and IS 18606:2024—to improve the safety and quality of Electric Vehicles in India in several categories. These standards concentrate on important components including the powertrain and battery systems, guaranteeing that Electric Two-Wheelers India, four-wheelers, and heavy-duty vehicles fulfill strict safety criteria. BIS also created IS 18294:2023, which establishes safety requirements for e-rickshaws and e-carts, which are becoming increasingly popular throughout India. With these new standards, the BIS now has a total of 30 Indian Standards for electric vehicles and their components, including charging stations.

The Road Ahead: What 2025 Holds for the EV Industry

In 2025, India’s EV sector is expected to undergo revolutionary growth. Policies such as decreased GST on EV batteries, incentives for domestic production, and infrastructure status for charging stations are projected to boost adoption even further. The Vision 2030: PM Public Transport Sewa initiative, which includes plans to build 6,000 km of EV-ready highways along the Golden Quadrilateral and extend e-bus networks, demonstrates the government’s commitment to improving EV infrastructure.

Private sector involvement remains crucial, with companies such as Reliance Infrastructure exploring EV manufacture and global automakers releasing market-specific models. India’s EV Industry is expected to increase from $2 billion in 2023 to $7.09 billion by 2025, paving the path for an electrified and environmentally friendly future.

As global interest in renewable energy surges, 2025 will be a transformative year for solar technology. Innovations like bifacial and mono PERC solar panels are now replacing polycrystalline options for their efficiency and durability. Latest Solar panel technology such as perovskite, heterojunction, and tandem solar cells significantly enhance solar power performance, making it more affordable and practical. With solar systems lasting over two decades, understanding and adopting these advancements today will enable homeowners and businesses to maximize solar energy’s potential well into the future.

Current Technology in Solar Panels 

1. Bifacial Solar Panels

Bifacial solar panels offer a significant upgrade in solar technology by capturing sunlight on both sides. The top layer absorbs direct sunlight, while the bottom layer captures sunlight reflected from the ground. This design can boost energy production by up to 30% under high-sunlight conditions, generating more electricity than traditional panels. With up to 22% practical output currently and the potential for more as research progresses, bifacial panels are ideal for reflective surfaces or snowy areas. They also tend to be more durable, with low annual degradation rates of 0.45-0.55%.

2. PERC (Passivated Emitter and Rear Cell) Solar Cells

PERC technology enhances solar panel efficiency with a passivated layer on the rear side, allowing the capture of additional sunlight. This advancement has led to MonoPERC solar panels, which achieve up to 25% efficiency by harnessing light that would otherwise be lost. MonoPERC panels perform well in low-light conditions, making them adaptable to diverse climates. Although the initial cost may be slightly higher than traditional panels, the improved efficiency leads to faster payback and long-term savings, making them a valuable investment in solar technology.

Read also: Top Solar Panel Brands in India 2025

Latest Solar Panel Technology in India by 2025

Solar technology has a bright future with emerging innovations that promise to reshape the energy landscape:

1. Perovskite Solar Cells

 Perovskite cells are a promising alternative to traditional silicon-based cells, with a theoretical efficiency of over 30%. These cells are lightweight, flexible, and cheaper to produce electricity, making them ideal for a variety of applications, from rooftops to wearables.

2. Transparent Solar Panels

Transparent solar technology enables buildings to generate power while maintaining unobstructed views, integrating seamlessly into windows and glass surfaces. While thin-film panels may not be suitable for mass residential solar installations in India, they hold promise for commercial applications. This technology offers architectural freedom, allowing energy solutions without compromising aesthetics, and maximizes power generation by turning every glass surface into an opportunity for solar energy capture. Despite currently being less efficient than traditional panels, transparent solar panels are gaining popularity for their unique applications in modern architecture.

3. Heterojunction Solar Cells

Heterojunction technology (HJT) merges crystalline and amorphous silicon layers, resulting in solar cells that boast enhanced efficiency and stability. These HJT cells achieve efficiency rates exceeding 25% by improving sunlight absorption and minimizing electron recombination. Additionally, they perform exceptionally well in high-temperature environments due to their higher temperature coefficient, effectively reducing energy loss from overheating. This innovative technology represents a significant advancement in solar power productivity, making HJT cells a durable choice for various applications.

4. Tandem Solar Cells

Tandem solar cells layer two different types of photovoltaic materials — such as silicon and perovskites — to capture a broader spectrum of sunlight and thereby convert more light into electricity. 

By harnessing light across different wavelengths more effectively, tandem cells break through the theoretical efficiency limits of single-material solar cells.

As research progresses, tandem technology is expected to become more affordable and scalable, making ultra-high-efficiency solar panels the standard.

5. Thin-Film Solar Panels 

Thin-film panels, particularly cadmium telluride (CdTe) and copper indium gallium selenide (CIGS), have become more efficient and adaptable. These solar panels are lightweight, and flexible, and perform well in low-light and high-temperature conditions, making them ideal for urban environments and mobile applications.

6. Quantum Dot Solar Cells

Quantum dot solar cells, composed of semiconductor nanoparticles, are being developed to achieve higher conversion efficiencies by tuning their absorption spectrum. These cells offer potential efficiencies of 60% or more by capturing a broader range of light wavelengths.

7. Multi-Junction Solar Cells

 Multi-junction cells use multiple layers of materials, each capturing different parts of the light spectrum, enabling efficiencies as high as 50%. Currently used in space applications, these cells may soon be accessible for terrestrial use, especially in high-efficiency projects.

8. Floating Solar Farms

Floating solar farms are gaining attention for their innovative approach to energy generation, installed on lakes and reservoirs to address land use challenges. This technology offers several benefits: the water beneath the panels helps keep them cool, enhancing their efficiency and reducing the risk of overheating in high temperatures. Additionally, these solar installations help conserve water by minimizing evaporation from the surfaces of water bodies, thus preserving vital resources while generating clean energy.

9. AI and Smart Solar Technology  

Artificial intelligence is increasingly used to optimize solar installations, adjust panel positioning, and predict energy consumption. Integrating AI with solar technology can lead to smarter and more efficient power generation, especially for large-scale solar farms.

Read also: Top 10 Solar Panel Manufacturers in India

 Benefits of Adopting New Technology for Solar Energy

Adopting the latest solar technology brings numerous benefits, particularly as renewable energy becomes a central pillar of global energy strategies.

Increased Efficiency: New solar technologies can capture more energy from the same surface area and increase efficiency, making them ideal for limited space applications and urban settings.

Lower Long-Term Costs: Although the initial investment for newer technologies might be higher, enhanced efficiency, reduced material costs, and greater durability contribute to lower overall energy costs.

Enhanced Durability and Adaptability: Many advanced panels are designed to perform in diverse environments, from deserts to urban rooftops, ensuring stable energy production even in challenging conditions.

Environmental Impact: New solar technologies contribute to a greener, more sustainable production cycle by using sustainable materials and reducing dependency on high-energy manufacturing processes.

Greater Application Flexibility: Innovations like transparent panels and solar paint enable solar energy integration into windows, walls, and other non-traditional surfaces, transforming ordinary structures into energy-generating assets.

Latest Solar Panel Technologies vs. Traditional Panels: Efficiency Comparison

Feature	Latest Solar Technology	Traditional Solar Technology
Efficiency	Up to 30-50% with advanced cells	Generally around 15-20% for silicon panels
Performance in Low Light	Improved performance (e.g., HJT and bifacial panels)	Moderate performance
Temperature Coefficient	Better tolerance (e.g., HJT, thin-film panels)	More energy loss at high temperatures
Weight and Flexibility	Lightweight and flexible options are available	Heavier and rigid
Installation Options	Suitable for rooftops, windows, and mobile applications	Primarily suited for open areas and rooftops

The Future of Solar Panels in India

India has one of the world’s most ambitious renewable energy goals, aiming to reach 500 GW by 2030. The adoption of cutting-edge solar technologies will be essential to achieving this target. With government initiatives like the PM Surya Ghar Muft Bijli Yojana Scheme, PM-KUSUM scheme, and the National Solar Mission, India is actively investing in solar innovations to make solar more accessible to urban and rural areas alike. Additionally, the focus on local manufacturing and reduced dependency on imports will drive the deployment of advanced, efficient solar solutions.

India’s abundant sunlight makes it an ideal candidate for solar advancements like bifacial panels, HJT cells, and even experimental technologies like quantum dots and organic photovoltaics. By adopting these technologies, India can significantly reduce carbon emissions, increase energy security, and create green jobs, paving the way for a sustainable future powered by solar.

Conclusion

Solar technology is progressing rapidly, and the latest advancements in 2025 offer higher efficiency, lower environmental impact, and more versatile applications than ever before. Whether it’s through next-generation quantum dots or transparent panels for urban spaces, the future of solar energy holds exciting possibilities. By embracing these innovations, India and the world can achieve a cleaner, greener energy landscape for generations to come.

Read also: Will India Meet Revised Solar Rooftop Deadline by 2026?

Raman Bhatia, Founder and Managing Director, of Servotech Power Systems, talks about innovative approaches to advancing energy efficiency in the solar sector, from embracing the ‘Make in India’ initiative to pioneering new technologies.

Q1: Can you provide an overview of Servotech Power Systems’ contributions to energy efficiency in the solar sector?

Throughout its journey with a strong motto of providing high-quality solar solutions, Servotech made noteworthy contributions towards energy efficiency in the solar sector, through innovative technologies and solutions. By developing high-efficiency solar solutions that are both sustainable and reliable, Servotech has played its part in making solar energy a household name. The company has expanded its reach across various sectors. Servotech’s residential solar solutions empower homeowners to reduce their carbon footprint and electricity bills. The company provides solar solutions for industries, helping them reduce energy costs, improve their environmental quotient, and comply with sustainability regulations. Servotech caters to the commercial sector by offering rooftop and ground-mounted solar power plants helping them reduce electricity costs and enhance their brand image, Lastly, the company has been actively involved in executing solar projects for government institutions, aiding in the country’s renewable energy goals and by providing efficient and reliable solar solutions, we contribute to
the government’s efforts in promoting clean energy adoption.

Q2: What role does the ‘Make in India’ initiative play in your strategy to promote energy efficiency and sustainable solutions?

Make in India, a wonderful initiative by our government has definitely pushed manufacturers across all sectors, especially our sector, which is the renewable energy sector towards Indigenous manufacturing. By manufacturing solar components locally, we significantly reduce the carbon footprint associated with transportation and logistics. Local production often leads to cost reductions in solar products which makes solar energy more affordable for consumers, encouraging wider adoption and contributing to energy efficiency. The Make in India initiative also helps create employment opportunities in the solar sector, leading to skill development and a larger workforce dedicated to renewable energy. Domestic manufacturing reduces reliance on imports and strengthens the supply chain, ensuring uninterrupted production and reducing vulnerabilities to global disruptions.

Q3: How has Servotech adapted its solar solutions to meet the evolving energy efficiency standards?

Well, it has been more than two decades now. During this long journey, we have constantly worked on ourselves, renovated, and innovated ourselves to keep up with the evolving energy efficiency standards in terms of product development, innovation, and R&D. We have consistently incorporated the latest advancements in solar technology that includes the use of higher efficiency solar cells, advanced inverters, and optimized system components. We introduced innovative solar products and solutions that meet the evolving energy efficiency standards. This involves continuous research and development to create more efficient and sustainable products. We prioritize product performance and rigorous testing and quality control measures ensure that our products meet or exceed industry benchmarks and this relentless pursuit of excellence has positioned us as a leader and has helped us in delivering efficient and sustainable solar solutions.

Q4: Could you elaborate on the significance of the engineering and design process in achieving energy efficiency in your Solar EPC projects?

The engineering and design phase in solar EPC projects lays the foundation for optimal performance. It involves a careful analysis of site conditions, including solar radiation, shading, and environmental factors. By carefully selecting high-performance components and designing the system for optimal orientation and tilt, engineers maximize energy capture. Additionally, this phase focuses on minimizing energy losses through efficient wiring, component placement, and system integration. A well-engineered design ensures the solar system operates at peak performance, delivering substantial energy savings and a strong return on investment.

Q5: What measures does Servotech implement during the procurement and project execution phases to ensure optimal energy efficiency in its solar power projects?

Constructing a solar system involves a lot of phases with procurement and project execution being the most important ones. During the procurement phase, we prioritize the development of high-efficiency solar modules, solar inverters, and other components. Rigorous quality assurance processes and performance testing are conducted to verify that all components meet or exceed industry standards and are compatible with project requirements. In the project execution phase, Servotech conducts detailed site assessments to determine the optimal system orientation, tilt angle, and shading analysis. Strict adherence to installation guidelines and best practices ensures proper system integration and performance. Post-installation, the system undergoes comprehensive testing to verify energy efficiency and performance. Monitoring systems are often incorporated to track performance and identify areas for improvement.

Q6: How does your operation and maintenance service contribute to maintaining and enhancing the energy efficiency of installed systems?

Installing a solar system is just the first step; operating and maintaining it properly is equally important to ensure the system runs efficiently over the long term and for that we conduct regular inspections to detect and address issues like module degradation and inverter malfunctions early, preventing energy losses. Our team ensures optimal performance through routine cleaning and maintenance, which maximizes sunlight absorption and energy generation. Continuous performance monitoring using advanced data analytics allows us to optimize system settings, while preventive and corrective maintenance activities minimize downtime and equipment failures. By utilizing techniques such as module-level monitoring and inverter tuning, Servotech ensures that solar systems operate at peak efficiency, delivering maximum energy output and long-term cost savings.

Q7: In your view, how important are radiation data analytics and project feasibility studies in the planning of energy-efficient solar projects?

Radiation data analytics and project feasibility studies are absolutely critical for the successful planning of energy-efficient solar projects. Accurate radiation data allows for precise predictions of energy generation, system sizing, and financial returns. By analyzing radiation patterns, engineers can optimize system design, including orientation and tilt angles, to maximize energy capture. Feasibility studies help identify potential risks, such as shading or grid constraints, enabling proactive solutions. These studies also assess financial viability, considering ROI, payback periods, and incentives, ensuring projects are economically sound enabling data-driven decision-making throughout the project lifecycle.

Q8: Looking ahead, what are the key trends and innovations in energy efficiency that Servotech Renewable Power System plans to focus on in the near future?

Energy efficiency is a dynamic realm with the constant emergence of trends and innovations. The company recognizes the value these trends and innovations will add to the growth of energy efficiency in the solar sector. Our innovative product solar-powered EV charging carport integrates solar power with EV charging, which is an innovative take on how we can charge our EVs and also save energy from renewable sources. Additionally, Servotech plans to invest in enhancing the quality of bifacial solar panels to increase energy generation. We are investing in research and development of major solar developments and understand the importance of energy storage in enhancing grid stability and optimizing energy utilization and grid optimization. In fact, we are developing an energy storage system that will accelerate the adoption of renewable energy in low-electricity areas.
Exploring digitization of energy efficiency, we are focused on developing advanced monitoring and control systems to optimize system performance and predict maintenance needs. Lastly, to meet the growing demand for clean energy, we are exploring the integration of solar power with other renewable energy sources like wind and hydro to create hybrid power systems.

This Interview was originally published in Indian Cement Review: https://indiancementreview.com/2024/09/23/installing-a-solar-system-is-just-the-first-step-2/

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 Renewable Power System Ltd.

Servotech Renewable Power System Ltd. 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.