In a groundbreaking move set to turn the tables in the stock market, Servotech Power Systems has declared a monumental partnership with IIT Roorkee. This alliance paves the way for the indigenous development of CC2 chargers’ rectifier units within India.
Additionally, this collaboration promises to revolutionize on-board chargers for electric vehicles. Servotech Power Systems has illuminated the stock market with the announcement of their agreement with IIT Roorkee, which is poised to redefine the state of the art in rectifier unit development, ultimately averting the need for import.
Powering the Electric Revolution
Servotech Power Systems has not only focused on the CC2 charger’s rectifier unit but has gone the extra mile by securing an agreement with IIT Roorkee for the development of on-board EV chargers for 2-wheelers, 3-wheelers, and 4-wheelers. The rectifier unit within the CC2 charger is an integral component that, until now, was imported. The collaboration between IIT Roorkee and Servotech Power Systems is set to boost domestic manufacturing capabilities and significantly propel the growth of the domestic EV industry.
On-Board Charger for Electric Vehicles: A Game-Changer
The on-board charger for electric vehicles is slated to be compact and lightweight, suitable for 2-wheelers, 3-wheelers, and 4-wheelers. This innovation will eliminate the hassle of carrying separate chargers, making electric vehicles even more user-friendly. The collaboration between IIT Roorkee and Servotech Power Systems promises a brighter future, making it a key player in the EV charger market for 2, 3, and 4-wheeled electric vehicles.
Servotech’s Remarkable Stock Journey
Approximately 11 months ago, Servotech Power Systems’ shares were trading at INR 12 on August 19, 2022. Since then, investors have witnessed an astounding multibagger return of 1400%. To put this into perspective, if we trace Servotech Power’s journey in the stock market, it began at INR 5 on September 3, 2021. From that point, Servotech Power has generated an extraordinary 3200% return for its investors. This five-year-old company has turned investors into millionaires.
A Phenomenal Rise
Just two years ago, on November 4, 2021, Servotech Power Systems’ shares were meandering at a mere INR 2. Today, the same shares have surged an astonishing 4100%, leaving investors astounded. Servotech Power Systems recently announced a game-changing decision in one of its board meetings: shares with a face value of INR 2 will be transformed into shares with a value of INR 1.
Servotech Power Systems has emerged as a trailblazer in the Indian stock market. Their strategic alliance with IIT Roorkee is set to revolutionize the electric vehicle industry in India. With innovations in on-board chargers for 2, 3, and 4-wheelers and a remarkable stock market journey, Servotech Power Systems has indisputably earned its place as a leader and wealth creator. This collaboration is poised to bolster domestic manufacturing, reduce imports, and drive the Indian electric vehicle industry to new heights.