Electric vehicle (EV) charger manufacturer Everta announced plans to launch its first range of DC fast chargers by the end of December 2025. As part of its growth strategy, the company will invest Rs 250 crore over the next two years and scale up its production capacity to 3,000 DC chargers annually by 2027 at its Bengaluru manufacturing facility.
Everta’s future plan
The company is targeting a 15% share of India’s DC charging market by 2030, projecting a total market size of around 800,000 chargers by the end of the decade.
“We aim to have a 15% share in the DC charger space by 2030,” said Benny Parihar, Managing Director of Everta.
The company will initially offer DC chargers ranging from 60 kW to 320 kW, catering to electric cars, buses, and trucks. Everta’s initial focus will be on serving charge point operators (CPOs), fleet operators, bus depots, and automotive OEMs. The company is already in discussions for strategic partnerships across these segments.
Manasvi Sharma, CEO, Everta said utilisation rates for DC chargers vary widely depending on the application. “On average, utilisation at CPOs is around 10%, while it is significantly higher—close to 80%—in bus depots,” Sharma said, noting that initial demand is expected to come from public transport operators and CPOs.
Sharma also noted that government incentives are making the EV charging sector increasingly attractive, particularly for the electric bus segment. Under the PM e-Bus Sewa scheme, the Ministry of Heavy Industries (MHI) has earmarked ₹2,000 crore for the installation of 72,300 public EV chargers across the country, including 1,800 dedicated chargers for electric buses.
Launched in 2024 with an outlay of Rs 10,900 crore, the PM E-DRIVE scheme seeks to accelerate the adoption of electric mobility in high-density urban centres. Out of this, Rs 4,391 crore is earmarked for e-bus procurement. The initiative also includes plans for installing 1,800 fast chargers.
Collaboration
The company has entered into a Technology TechnologyLicensing Agreement (TLA) with global charging infrastructure company StarCharge, which has deployed over 2 million chargers in 60 countries. This partnership will allow Everta to manufacture, install, and provide service support for its DC chargers across India. The company has also formed a strategic alliance with Epsilon, a manufacturer of anode and cathode battery materials.
As part of its localisation drive, Everta plans to achieve over 50% domestic value addition in the short term, with an eye to increase it in the coming years. Currently, Indian EV charger manufacturers rely heavily on imported components, particularly power modules, rectifiers, semiconductors, and other critical electronic parts. A large portion of these components are imported from countries like China, Taiwan, South Korea, and Germany
While the primary focus remains on DC fast chargers, Everta is also considering expanding into AC chargers and energy storage systems in the future, reflecting the company’s long-term commitment to EV infrastructure growth in India.
According to the Bureau of Energy Efficiency (BEE), there are 26,247 public charging stations across the country, of which approximately 80% are AC chargers.