Havells India Limited — Important, 21-05-2025: Adoption of new line(s) of business

Havells India has announced a board meeting and plans to enter the Electric Vehicle Supply Equipment (EVSE) sector by launching EV chargers. This expansion complements its switchgear business and enhances its foothold in the renewable energy space. With the EV charger market estimated at Rs. 1500 Cr, Havells aims to invest INR 7-10 Cr and expects operations to begin by the end of Q3 FY 2026. This strategic move diversifies the company’s portfolio and targets growth in a rapidly expanding segment.