Exicom opens ₹216-crore Hyderabad facility; EV charger capacity to scale up to 2 lakh units annually

Exicom Tele-Systems Limited has inaugurated a ₹216-crore integrated manufacturing facility in Hyderabad, expanding its production capacity for EV chargers and power electronics as demand for electric mobility infrastructure and digital networks gathers pace.

Spread across 18.4 acres with a built-up area of about 2,80,000 sq ft, the facility will increase the company’s manufacturing capacity by roughly 2.5 times in the first phase while generating more than 750 jobs. The greenfield facility will manufacture EV charging systems, lithium-ion battery solutions and critical power equipment used across telecom networks, data centres and other mission-critical infrastructure.

₹216-crore capex expands EV charging, power electronics capacity

According to Anant Nahata, CEO and MD of Exicom, the facility has been designed with expansion-ready infrastructure to support long-term manufacturing scale.

“We have built capacities which are far larger than what we used to have earlier. The plant has been designed from a long-term perspective with infrastructure created for much higher production levels,” Nahata said during an interaction on the sidelines of the inauguration.

The Hyderabad unit incorporates automation, robotics and digital traceability systems along with specialised testing infrastructure for advanced power electronics manufacturing.

EV charger capacity set to double as new lines come on stream

Exicom earlier operated an annual capacity of roughly 70,000 AC chargers at its Gurugram facility. With the Hyderabad plant operational, the company now has about 1 lakh AC chargers of annual capacity, which will soon expand to nearly 2 lakh units once additional production lines are commissioned.

Capacity for DC fast chargers is also increasing to around 4,000 units annually, compared with about 2,400 units earlier. The facility has also been built with additional space and electrical infrastructure to support further capacity expansion as EV adoption accelerates.

Revenue seen growing 20% in FY26; EV business gaining share

Financially, the company reported revenue of over ₹850 crore in FY24. For FY26, Exicom expects around 20% year-on-year growth after recording approximately ₹613 crore in revenue during the first nine months of the fiscal. The EV charging segment contributed nearly ₹200 crore during the same period.

Nahata said the EV charging market continues to expand rapidly. “EV is a segment which on an average is growing at 30-40% year-on-year depending on the vehicle segment you track, and therefore the charging segment will also grow at a similar rate,” he said.

At present, about two-thirds of Exicom’s revenue comes from its critical power solutions business serving telecom infrastructure, while EV charging accounts for roughly one-third. Given the faster growth in EV charging, the company expects the revenue mix between the two segments to gradually move towards parity over the next five to seven years.

Exports, OEM partnerships to drive next growth phase

Exports are also emerging as a key growth lever. Exicom expects more than 15% of its EV charger sales to come from international markets in the coming financial year, particularly Southeast Asia, the Middle East and other emerging EV markets.

The company works with several passenger vehicle manufacturers such as JSW MG Motor India, Tata Motors, Mahindra and Mahindra (M&M) to supply home EV chargers bundled with electric cars and expects to collaborate with at least 10 OEMs as EV adoption scales up.

Last year, the Gurgaon-headquartered firm launched its next-generation DC fast charger Harmony Direct 2.0 which runs through Harmony OS, India’s first indigenously developed charger operating system.

Founded in 1994, Exicom is a power electronics and EV charging technology company with operations across India, Southeast Asia, Europe and the Middle East. The company was listed on Indian stock exchanges in February 2024 and has since been expanding its manufacturing footprint and technology capabilities to tap the rapidly evolving EV charging ecosystem.