Two Companies Target India’s Expanding EV Charging Gap

More people in India are buying electric vehicles, but public chargers are still relatively scarce.

The article says there is about one public charger for every 235 electric vehicles.

Tata Power runs a large charging network and plans to add more chargers.

Exicom makes charging equipment and supplies businesses that build charging networks.

Both companies are trying to benefit as electric vehicle use grows.

Tata Power reported higher charging revenue, while Exicom’s EV charger business also grew.

Exicom is still reporting losses, though its losses narrowed in the quarter described.

The article says investors should also consider costs, charger use and how quickly people adopt electric vehicles.

It is presented for educational purposes, not as an investment recommendation.