Everta Targets 15% Share of India DC Charging Market with High-Power Charger Rollout

Everta is preparing to enter the commercial phase of its DC charging business and has set a target of capturing 10–15% of the India DC charging market over the next two years. According to Manasvi Sharma, CEO of the company, commercial shipments of Everta’s DC charger portfolio are expected to begin during the second quarter of the current fiscal year. The company has already initiated prototype production and is progressing through certification, testing, and validation activities before customer deliveries commence.

Speaking about the product development status, Sharma stated that the chargers are currently undergoing extensive validation procedures, including approvals from Automotive Research Association of India. The company intends to complete all regulatory and performance assessments before entering the market at scale. Once certification requirements are fulfilled, Everta plans to begin supplying customers across multiple commercial charging segments.

The initial product lineup will focus on high-power DC charging solutions designed for demanding charging applications. Everta’s portfolio will include chargers rated at 120 kW, 180 kW, 240 kW, and 320 kW. These products are being positioned primarily for charge point operators, fleet operators, bus operators, truck fleets, and last-mile logistics providers that require reliable and fast charging infrastructure to support vehicle operations.

According to Sharma, the company sees substantial growth opportunities in high-power DC charging infrastructure as AC charging options become increasingly available through vehicle manufacturers and residential charging setups. Everta believes that dependable public and commercial charging networks will remain essential for supporting the next phase of electric vehicle adoption, particularly in commercial transportation applications where operational efficiency and charging speed are critical.

The company is also collaborating closely with vehicle manufacturers to improve charger compatibility across multiple electric vehicle platforms. Sharma explained that integration between charging systems and vehicle technologies is becoming increasingly important because charging performance directly influences battery health, charging times, and long-term operational reliability. By aligning its products with evolving OEM requirements, Everta aims to improve charging efficiency and user experience.

Everta has observed increasing interest from commercial vehicle operators, including bus and truck fleet owners. For these customers, charger uptime and system reliability remain key operational requirements. The company expects infrastructure demand from commercial transportation applications to continue growing as electric vehicle deployment expands across logistics, public transportation, and fleet operations.

Sharma noted that fleet operators are increasingly evaluating third-party charging networks rather than investing exclusively in captive charging infrastructure. This trend is creating new opportunities for both charge point operators and charging equipment providers. As charging networks expand, the need for dependable and scalable DC charging solutions is expected to rise significantly across the market.

In addition to conventional charging systems, Everta is exploring battery-backed charging technologies for locations where grid quality or power availability presents operational challenges. These systems would combine charging infrastructure with energy storage capabilities, helping improve charger availability while supporting greater integration of renewable energy resources. The company has already deployed a demonstration installation and is assessing further opportunities with prospective customers.

Current manufacturing capabilities provide Everta with annual production capacity of approximately 10,000–12,000 DC chargers. The company indicated that additional expansion remains possible as market demand increases. This manufacturing base is expected to support the company’s planned growth strategy while enabling faster response to customer requirements in the domestic market.

Sharma highlighted localisation as an important long-term objective for the industry. However, he noted that high-reliability power electronics and rectifier technologies continue to evolve within the domestic supply chain ecosystem. As local capabilities strengthen, the sector could see greater adoption of domestically sourced technologies across charging infrastructure products.

Everta operates within the broader Epsilon Group ecosystem, which has interests spanning battery materials, energy storage, and battery recycling. The company remains focused on opportunities within India, where rising adoption of electric vehicles across passenger and commercial vehicle segments is expected to drive long-term demand for charging infrastructure. Sharma stated that the company’s immediate priority is to strengthen products and capabilities for the domestic market while expanding its presence among charge point operators, fleet operators, and commercial charging customers.

Frequently Asked Questions

What market share is Everta targeting in India’s DC charging segment?
Everta is targeting a 10–15% share of India’s DC charging market within the next two years. The company plans to achieve this through the commercial rollout of its high-power DC charger portfolio and by focusing on charge point operators, fleet operators, commercial vehicle applications, and logistics providers. Everta believes growing electric vehicle adoption and increasing demand for reliable charging infrastructure will create substantial opportunities for expansion across the domestic market.

What DC charger products will Everta launch initially?
Everta’s initial portfolio will consist of high-power DC chargers designed for commercial charging applications. The company plans to introduce products in the 120 kW, 180 kW, 240 kW, and 320 kW categories. These chargers are intended to support charge point operators, bus fleets, truck fleets, logistics providers, and other customers that require fast and dependable charging infrastructure. Commercial shipments are expected to begin during the second quarter of the current fiscal year following certification and validation approvals.

How is Everta addressing charging infrastructure challenges?
Everta is exploring battery-backed charging systems to improve charger availability in locations where grid quality or power supply remains a constraint. These solutions combine charging infrastructure with energy storage technologies, enabling more reliable charging operations and supporting renewable energy integration. The company has already deployed a demonstration system and is evaluating additional deployments with potential customers. This approach could help expand charging access while improving operational reliability for commercial electric vehicle users.