Exicom acquires US EV charging company Tritium for nearly Rs 310 crore

Q: How long will it take to read this news story?

The story "Exicom acquires US EV charging company Tritium for nearly Rs 310 crore" has 410 words across 16 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Exicom acquires US EV charging company Tritium for nearly Rs 310 crore" was covered 6 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 152 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #22910084</li><li>URL: https://beamstart.com/news/exicom-acquires-us-ev-charging-17282223927301</li></ul>

Business Standard Logo Business Standard 6h ago

Exicom acquires US EV charging company Tritium for nearly Rs 310 crore - Business Standard

Quick Summary:

Exicom managing director Anant Nahata told PTI that the company is setting up a manufacturing unit in Hyderabad where it will use DC (Direct Current) fast charging technology of Tritium to develop solutions for electric vehicles.

Home grown EV charging solutions firm Exicom has acquired US-based DC fast charging technology company Tritium for USD 37 million, or about Rs 310 crore, a senior company official said.

"This strategic investment highlights Exicom's robust positioning in international markets and our commitment to expanding operational capabilities across diverse geographies.