Rs 200 Crore Investment Planned By Exicom Group
Electric vehicle (EV) firm Exicom Group has planned up investments of Rs 200 crore over the next 3 years. The investment would also go into a new facility in Hyderabad (Telangana) to treble the manufacturing capacity of electric vehicle chargers in the upcoming financial year.
The firm recently became the largest EV charger maker completing 5,000 installations within 4 years of inception. It is expecting sales of EV chargers to triple to more than 20,000 units in FY23.