Delta
Electronics India launches a complete range of EV charging solutions. The
company is planning to launch a fourth manufacturing plant in Krishnagiri,
Tamil Nadu in line with the “Make in India” initiative. It is looking forward
to investing over US$150 million in the coming years.
India: In line with the government’s electric mobility drive,
Delta Electronics India Pvt. Ltd., a subsidiary of Delta Group from Taiwan has launched
its entire range of energy efficient electric vehicle (EV) charging solutions
in India.
Delta Electronics India Pvt. Ltd. is a
subsidiary of Delta Electronics (Thailand) PCL, operating since 2003. It is the
leading provider of Telecom Power Solutions and an important source of
Industrial Automation, Large Display Solutions, Mission Critical Infrastructure
Solutions, Renewable Energy Solutions, Building Management Solutions, DC Fans
& Blowers and Components. The company has been awarded ISO 9001:2008, ISO
14001:2007 and OHSAS 18001: 2008 certifications for Quality, Procedures, and
Environment management.
Delta exhibited its diverse portfolio of EV solutions
with DC Quick, AC Chargers and Site Management System at Elecrama 2018. The
chargers can be conveniently installed in highway service, residential and
commercial buildings, as well as parking spaces, informed the company in an
interview.
The President of Delta Electronics
(Thailand) PCL, in an interview said that the business scenario in India offers
exciting opportunities to the partner with the government to empower the
country’s emerging economy. He further added that in line the company’s vision
to be an accelerator and partner in the country’s growth, a fourth
manufacturing plant will be launched in the country as a testimony to “Make in
India” initiative. The company’s goal is to create sustainable and energy
efficient integrated solutions in India, for India, which will also offer
employment opportunities.
The manufacturing plant will be
established in Krishnagiri, Tamil Nadu. It will start
operating in 2019 and will generate huge employment opportunities in the state.
With a state-of-the-art R&D Centre in Bangalore, Delta is looking to invest
over US$150 million in India. The EV charging
solutions will also be manufactured here.
The growth curve for Delta in has been a
resilient in Telecom Power, Industrial Automation, Solar Inverters, Display
Solutions, among others. The company has now started working on entering the EV
Charging, Energy Storage and Rail Transportation Solutions industries. The
Managing Director Delta Electronics India Pvt. Ltd claimed that the entire
solutions offered in EV Charging is in line with the Indian e-mobility
initiative to provide reliable technology.
The General Manager of Energy
Infrastructure Solutions, BG Delta Electronics, in an interview claimed that
absence of reliable infrastructure for charging electric vehicles is the
biggest challenge in the adoption of Electric Vehicles in India. The company’s solutions
involve smooth integration of micro-grids with EV charging lays out a future for
a harmonized ecosystem to power consumers.
Delta will also be exhibiting its Energy
Storage Solutions, Renewable Energy Solutions, Telecom Network Energy
Solutions, Industrial Automation Solutions, Display & Monitoring Solutions,
Building Automation Solutions and UPS & Datacenter Infrastructure Solutions
at the Elecrama 2018.
According to TechSci Research, the availability of electric vehicle infrastructure
is the biggest factor in deciding the adoption of electric vehicles by the
consumers in India. The Government of India has set a target for electric
vehicles sales by 2030, but it is yet to chalk-out a full-fledged plan for
Charging Stations. The Electric Vehicles Market in India is anticipated to show
robust growth since the availability of electric vehicle infrastructures is a
huge driver for the market as the adoption of electric vehicles for commercial
use would largely depend upon how easily they can be charged.
According to the recently published
report by TechSci Research, India
Electric Vehicle Market, By Vehicle Type (Three-Wheeler,
Two-Wheeler, Passenger Car & Bus), By Drivetrain Technology (Battery
Electric Vehicle Vs. Plug-in Electric Vehicle), Competition Forecast &
Opportunities, FY2013 – FY2023,
India electric vehicle market is projected to grow at a CAGR of over 37%,
during FY2018-FY2023. Robust market growth is anticipated because of rising
number of government initiatives such as incentive schemes to encourage
adoption of environment-friendly electric vehicles, growing consumer
inclination towards electric vehicles, concerns over harmful effects of air
pollution, and huge investments by various OEMs for developing more affordable
and premium electric vehicles in the coming years.
According to TechSci Research, increasing adoption of electric
vehicles globally will lead to the development of electric vehicle
infrastructure to accommodate the growing need for charging infrastructure. The
electric vehicle market in India is anticipated to show robust growth in the
coming future because of increasing government initiatives such as incentive
schemes to encourage adoption of environment-friendly electric vehicles,
increasing concerns on air pollution, growing consumer inclination towards
electric vehicles, and huge investments by various OEMs for developing
affordable and premium electric vehicles.
According to the recently published
report by TechSci Research, “Global
Electric Vehicle Infrastructure Market, By Type, By Installed Location,
By Region, Competition Forecast and Opportunities, 2011 - 2021”, the global market for electric vehicle
infrastructure is forecast to grow at a CAGR of over 27% during 2016-2021, on
account of favorable government policies that promote adoption of electric
vehicles and growing concerns over harmful effects of air pollution.
Additionally, grid integration of electric vehicles is projected to offer huge
impetus to global electric vehicle infrastructure market in the coming years.
Evolution of smart grid technologies and the concept of virtual power plants is
forecast to further boost the global market for electric vehicles and its
related charging infrastructure in the coming years. The option of power
trading for electric vehicles owners is also expected positively influence the
global electric vehicle infrastructure market during the forecast period.
Please follow our LinkedIn and Twitter pages to get live updates on market research insights and analysis.