Homegrown electric vehicle charger manufacturer Exicom Tele-Systems Ltd has launched its next-generation DC fast charger Harmony Direct 2.0 which runs through Harmony OS, India’s first

indigenously developed charger operating system.

The charger is equipped with sensor-based diagnostics and the AI-enabled Harmony Connect for remote charger management, minimising downtime and maximising station reliability, the company

said.

As India moves swiftly towards achieving its ambitious EV adoption goals, reliance on public charging infrastructure is central to accelerating EV adoption in India.

“We serve the entire gamut of EV charging market which includes both home chargers as well as DC fast chargers. About half of our business is home charger products which we serve many OEMs,”

said Anant Nahata, Managing Director and CEO, Exicom.

Exicom makes chargers for passenger cars, commercial vehicles and buses. “In the home charging segment, Exicom’s market share is roughly between 40% and 50%. In public chargers, its market

share is 25%,” he said.

On the single-digit utilisation rates of EV charges, Nahata said the average utilisation rate of public chargers is less than 5%. “Some CPOs (charge point operators) have reached

double-digit utilisation figure which is great news for the industry,” he added.

Last year, Exicom’s subsidiary Exicom Power Solutions B.V. Netherlands and other step-down subsidiaries entered into an agreement to acquire Australia-based DC fast chargers maker Tritium

for $29.63 million. With over 13,000 DC fast chargers sold in 47 countries, Tritium designs and manufactures proprietary hardware and software to create DC fast chargers for electric

vehicles. The acquisition added Tritium’s manufacturing facility in Tennessee, USA, as well as an engineering centre in Brisbane, Australia to Exicom’s existing presence in Asia.

“Exicom and Tritium have a complementary sales and product footprint and have each established leadership in their respective regions,” Nahata said at the time.