Havells India Ltd. is jumping into the electric vehicle (EV) charging game. The company plans to roll out its first chargers within the next six months. Announced on February 23, 2025, this move taps into a buzzing sector, especially with Tesla eyeing India. It’s a big shift for a brand known for fans and cables, and folks are curious about what’s coming.
India’s EV scene is revving up fast. Vivek Yadav, Executive Vice President at Havells, sees it clear as day. “The EV scene in India is set to grow multi-fold,” he told NDTV Profit. Tesla’s potential entry is lighting a fire under the market. Havells wants a piece of that action. They’re not just chasing trends—EVs are the future, and charging stations are the fuel stops of tomorrow.
Havells isn’t picking one lane. They’re aiming wide—automakers, infrastructure firms, everyday drivers, and even real estate developers. “We identified chargers as one of the opportunities,” Yadav said. Think car companies needing reliable charging gear, builders adding stations to new projects, and folks charging up at home. It’s a smart play to cover all bases in a market that’s still finding its feet.
Details are still under wraps, but the timeline’s tight. Six months from now—by August 2025—Havells expects to have chargers ready. They’re likely leaning on their electrical know-how, built from years of making switchgears and appliances. X posts indicate they would begin with Level 2 chargers for home and business use, and perhaps add fast chargers down the line. It’s a practical beginning for an EV market entrant.
India’s EV explosion is no laughing matter. India’s aiming at 30% electric vehicle sales by 2030, according to government goals. Charging spots are popping up—over 12,000 public stations by late 2024, says the Ministry of Power. Havells is joining a crowd that includes Tata Power, with its 700-station plan, and startups like River. “The market’s looking ripe,” an industry watcher noted online. Tesla’s buzz only adds juice to the mix.
Challenges Ahead
It’s not all smooth riding. Building chargers means tackling costs—think hardware, installation, and grid upgrades. Competition’s stiff too, with big names already in the game. Plus, EV adoption’s still slow outside cities—only 2 lakh EVs sold in 2024, per SIAM stats. Havells will need to price smart and pick the right spots. Still, their ₹4,539 crore revenue from Q2 2024 shows they’ve got the muscle to pull it off.
If they nail it, Havells might become a go-to name in EV charging, not just ceiling fans. They’re betting on India’s green wave, and the timing feels right. “We’re excited to power this shift,” Yadav hinted. For now, it’s wait-and-see—six months isn’t far off. Imagine plugging in your EV at a Havells station by summer.
