EV charger making unit opened in Hyderabad
From 3.3 kW AC to 360 kW DC, a diverse range of chargers will be manufactured at the facility that can produce 5,000 EV chargers a month, the company said in a release on Thursday.
The new facility will be producing 20,000 EV chargers over the upcoming months to meet EVRE's order book. By 2026, the manufacturing capacity of the facility will be expanded to 10,000 chargers a month. The unit will generate over 50 local jobs.
'We are targeting large residential complexes across India that have little to no access to EV charging infrastructure... We aim to establish India as an EV charger manufacturing powerhouse with our proprietary technology with up to 70% localisation,' the Hyderabad-headquartered firm's founder and CEO Krishna K Jasti said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
2 hours ago
- Hans India
OXYGEN driving the shift from traditional SEO to a hybrid strategy
Hyderabad: Oxygen, a Hyderabad-based digital marketing powerhouse, has achieved a major industry breakthrough by ranking number one on Google solidifying its reputation as a global leader in the next era of search: Search Everywhere Optimisation. With over a decade of experience and more than 20,000 clients worldwide, OXYGEN is driving the shift from traditional SEO to a hybrid strategy that ensures visibility not only on Google, but also across AI-powered platforms like ChatGPT, Gemini, Perplexity, and Bing Copilot. Global Success Built on Innovation Founded in 2012, OXYGEN has delivered breakthrough results for global leaders like Toyota, Lexus, and Jared, as well as disruptive SaaS brands such as INK For All, EdgyLabs, and SmythOS. According to a press release issued here, OXYGEN founder and CEO Shashikanth Heerekar said that in a first-of-its-kind achievement, OXYGEN helped rank Toyota across AI-driven Large Language Models (LLMs)—including ChatGPT, Gemini, and Claude—demonstrating the agency's leadership in SEO 2.0. 'Today, SEO isn't just about Google — it's about being found everywhere. From AI chatbots to app stores, visibility is the new currency. OXYGEN was built to master that.' As AI search reshapes how people find information, businesses must now adapt to hybrid SEO strategies combining traditional Google SEO with AI Search Optimisation. OXYGEN helps brands achieve visibility across: Search Engines: Google, Bing, Yahoo LLMs: ChatGPT, Gemini, Claude, Perplexity Review Platforms: Trustpilot, G2, Capterra App Stores, Video Platforms & Marketplaces.
Economic Times
2 hours ago
- Economic Times
Standard Chartered India profit rises 11% despite shrinking loan book
Standard Chartered Bank reported a 11% rise in profit before tax from India in the first half of 2025 despite a shrinking of its loan book mainly as expenses were kept in control. Profit before tax increased to $333 million in the six months ended June 2025 from $299 million in the same period a year ago as operating expenses rose just 0.45% year on year. ADVERTISEMENT Total income increased 6% to $795 million in June 2025 from $753 million in June 2024, half yearly results released by the bank on Thursday showed. Operating expenses remained little changed at $442 million versus $440 million a year ago. The bank's loan book in India shrunk 8% to $13.61 billion from $14.79 billion a year ago. Deposits also shrunk to $25.26 billion from $27.26 billion a year ago. Total impairment costs increased 43% to $20 million from $14 million a year ago. India was the third largest contributor to the bank's global contributor behind Hong Kong ($1.44 billion) and Singapore ($798 million). This is an improvement from the fifth place the bank occupied behind the US and UAE at the end of the bank reported a 26% increase in first-half pretax profit, driven by growth in the bank's wealth and markets businesses. The London-headquartered lender's pretax profit for the first six months of this year hit $4.38 billion, better than the $3.83 billion analysts had forecast. Total income was helped by a $238 million gain on the sale of B2B marketplace Solv India to Jumbotail last month. Solv India was incubated by Standard Chartered Ventures. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 hours ago
- Time of India
Standard Chartered India profit rises 11% despite shrinking loan book
Standard Chartered Bank reported a 11% rise in profit before tax from India in the first half of 2025 despite a shrinking of its loan book mainly as expenses were kept in control. Profit before tax increased to $333 million in the six months ended June 2025 from $299 million in the same period a year ago as operating expenses rose just 0.45% year on year. Total income increased 6% to $795 million in June 2025 from $753 million in June 2024, half yearly results released by the bank on Thursday showed. Operating expenses remained little changed at $442 million versus $440 million a year ago. Explore courses from Top Institutes in Please select course: Select a Course Category Technology Project Management Design Thinking Digital Marketing Management Artificial Intelligence Data Analytics Degree Cybersecurity Data Science healthcare Finance Leadership Product Management Healthcare others Operations Management CXO Others Public Policy MBA MCA PGDM Data Science Skills you'll gain: Duration: 12 Weeks MIT xPRO CERT-MIT XPRO Building AI Prod India Starts on undefined Get Details The bank's loan book in India shrunk 8% to $13.61 billion from $14.79 billion a year ago. Deposits also shrunk to $25.26 billion from $27.26 billion a year ago. Total impairment costs increased 43% to $20 million from $14 million a year ago. India was the third largest contributor to the bank's global contributor behind Hong Kong ($1.44 billion) and Singapore ($798 million). This is an improvement from the fifth place the bank occupied behind the US and UAE at the end of 2024. Globally the bank reported a 26% increase in first-half pretax profit, driven by growth in the bank's wealth and markets businesses. The London-headquartered lender's pretax profit for the first six months of this year hit $4.38 billion, better than the $3.83 billion analysts had forecast. Total income was helped by a $238 million gain on the sale of B2B marketplace Solv India to Jumbotail last month. Solv India was incubated by Standard Chartered Ventures .
