EV Charging – Exicom
Industry expected to grow from 13-14 Bn in FY24 to 90-95 Bn by FY28.
⚡️Residential- 2.5 Bn to 18 Bn (7x in 4 yrs) – 60% mkt share
⚡️Public- 6 Bn to 30 Bn (5x in 4 yrs) – 25% mkt share
Huge opportunity for next 5 yrs. 🎯
Demand of EV charger – Both PVs and electric buses are expected to grow 5x in next 4 years with 50% CAGR.
India will need 4L chargers by 2028 and Exicom is well positioned to be Preferred partner of major CPOs 🔥
Man. Capacity
AC charger – 42k/yr
DC – 2.4k/yr