Servotech Announces Incorporation of New Subsidiary Dedicated to Battery Manufacturing Techbec Industries
Servotech Power Systems Ltd. has announced that it has incorporated a subsidiary, Techbec Industries Limited (TIL), which will be engaged in the manufacturing of batteries, particularly lithium-ion batteries, and other allied activities.
September 17, 2022. By News Bureau
TIL was issued the Certificate of Incorporation on September 13, 2022, and Servotech, which will be the holding company of TIL, would hold 63.5% share capital in the newly established battery manufacturing entity.
The new subsidiary has been incorporated with the authorised capital of Rs. 10 Lakhs comprising 1,00,000 Equity shares of Rs. 10/- each, Servotech added in the exchange filing.
On this occasion, Raman Bhatia, Founder and Managing Director, Servotech Power Systems, said, “India must produce its own lithium-ion batteries in order to achieve its EV goals without importing any. The National Mission on Transformative Mobility was established by the government to support initiatives for the stepped manufacture of batteries and EV components. Servotech’s newly launched subsidiary will be one of the most bankable and competitive integrated battery storage solutions in the market, extending and facilitating its goal of indigenizing battery manufacturing for EVs, E-rickshaws, and varied solar-powered solutions."
As people become more aware of climate change and its effects on the environment, they are adopting greener practices. People are now considering adopting electric vehicles and sustainable energy sources to lessen their carbon footprints as a result of the issue's increased awareness.
The newly-benchmarked IS-17855 standard by the Bureau of Indian Standards is used to assess the performance of lithium-ion battery packs (BIS). In order to evaluate parameters such as energy efficiency, cranking power, quick charging efficiency, temperature-dependent deterioration, loss of charge during storage, and others, BIS has developed a new set of performance tests for this standard.
Lithium battery Star Ratings were recently introduced by the Bureau of Energy Efficiency (BEE). With this criteria in place, customers would be able to distinguish between various battery packs in terms of safety, quality, and other factors, which may promote adoption and confidence.
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