Delta Electronics Eyes Strong Growth in India's EV Charging Market

Taiwanese electronics giant Delta Electronics is betting big on India's electric vehicle (EV) charging infrastructure, aiming to quadruple its research and development (R&D) workforce in the country to capitalize on the rapidly growing market. 

The company, which already has a strong presence in industrial automation, power electronics, and data centers in India, sees EV charging as a major growth area in line with the increasing adoption of electric vehicles in the country. 

Delta Electronics India has installed over 10,000 EV chargers across various segments, ranging from two- and three-wheelers to passenger vehicles. The company has invested heavily in design, manufacturing, and sales operations for the EV industry in India and expects significant growth in the coming years. 

"We are very confident in our ability to succeed in the EV charging market in India," said Rajesh Kaushal, Vice President of Delta Electronics India. "With our global expertise and focus on this sector, we are well-positioned to be a major player. Our power electronics, thermal management, and software capabilities give us a strong edge in this segment." 

The company currently offers both on-board and off-board chargers for two- and three-wheelers and plans to enter the high-voltage fast charger market for electric buses. Delta Electronics is also committed to local manufacturing and development, having invested US$500 million in India so far, including a new factory in Krishnagiri, Tamil Nadu. 

In addition to EV charging, Delta Electronics India also sees significant potential in the automotive industry as a whole. The company's industrial automation offerings, including IoT and Industry 4.0 solutions, are in high demand from automakers in India. 

Delta Electronics India is committed to strengthening its R&D capabilities in the country. The company currently has around 500 employees working in R&D, engineering, and field application roles across its Bengaluru and Gurugram centers. The Gurugram center focuses specifically on EV charging product innovation and development of low- and high-power power electronics products. 

Delta Electronics invests around 8% of its annual revenues in R&D globally, and in India, the number is around 6.5%. The company plans to further increase its R&D spending in India and has set a target of growing its engineering team to 2,000 people over the next few years. 

"India is a strategic market for Delta Electronics, and we are committed to investing in the country's growth," said Kaushal. "We believe that our R&D expertise and focus on innovation will give us a competitive edge in the Indian market." 

In addition to its R&D expansion plans, Delta Electronics India also recently showcased its unique mobile data center in Gurugram. The prefabricated micro data center is designed for quick and easy installation, making it ideal for customers in the IT, enterprise, industrial, and transportation sectors. 

With its strong focus on EV charging, R&D, and innovation, Delta Electronics is well-positioned to capitalize on the growing opportunities in India's electronics and automotive sectors. The company's commitment to local manufacturing and development is also likely to resonate with Indian customers.