Gurugram-headquartered electric vehicle charger manufacturer Exicom Tele-systems (Exicom) announced it is acquiring Tritium, an Australia-based manufacturer of DC fast chargers.

Tritium has a presence in 47 countries. Exicom will gain access to Tritium’s manufacturing facility in Tennessee, U.S., and an engineering center in Brisbane, Australia.

Anant Nahata, CEO, Exicom, said, “This acquisition is in line with Exicom’s strategic vision to be a key contributor to the world of tomorrow by enabling an emission-free future for mobility. Exicom and Tritium have complementary sales and product footprints and have each established leadership in their respective regions. We look forward to working with Tritium’s employees, customers, partners, and other stakeholders to grow the business further and provide faster, more reliable charging experiences to EV users across the globe.”

Tritium has sold over 13,000 DC fast chargers. It designs and manufactures proprietary hardware and software to create liquid-cooled DC fast chargers for electric vehicles.

In July, the Ministry of Power released draft guidelines for EV charging infrastructure, aiming to accelerate the adoption of EVs and create a robust charging ecosystem across the country.

The guidelines apply to EV charging infrastructure in privately-owned parking spaces, semi-restricted areas like office buildings, educational institutions, hospitals, group housing societies, e-bus depots, public places such as commercial complexes, railway stations, petrol pumps, airports, metro stations, shopping arcades, municipal parking, and highways.

The government aims to install 46,397 public charging stations for EVs in nine major cities by the end of the decade, the then Union Minister of Power and New and Renewable Energy R.K.Singh told the Parliament last year.

Sales of EVs in India reached a record 486,669 units in the first quarter of 2024, a jump of over 40% against the 347,676 units sold in the same period of 2023. The EV market consistently exceeded the 100,000-unit threshold each month during the quarter, and March witnessed the highest-ever monthly sales figure of 204,337 units.