The medium-sized specialist for payment and authorization systems continues to expand its E-Mobility business.
Hectronic acquired a stake in ev-pay GmbH on February 5, 2024. Hectronic's decision to participate in ev-pay reflects the significance of .
Servotech Power Systems has secured an annual rate contract with Adani TotalEnergies E-Mobility for the supply of EV chargers. Under the agreement, Servotech will manufacture, supply, and install AC EV chargers at various airports and other designated locations. The project will be implemented in phases, with the first phase already underway.
Bharat Forge expects significant growth in its electric mobility and aerospace businesses due to rapid electrification in the automobile sector and a strong order book. The company s deputy managing director, Amit Kalyani, stated that these businesses will become multi-million dollar verticals over the next five years. Bharat Forge s e-mobility arm, Kalyani Powertrain Limited, recently unveiled a retrofitted electric truck that can be installed in existing diesel or compressed natural gas-powered vehicles at half the cost of a new electric truck. The company aims to sell thousands of these retrofitted units annually.