9SEPTEMBER, 2025SERVOTECH TIES UP WITH PIWIN FOR BESS MANUFACTURINGFMCG PRICES TO DROP EARLY NEXT MONTH, SAYS SUDHIR SITAPATIServotech Renewable Power Systems Ltd, a prominent Indian solar solutions provider and EV charger manufacturer, is going to collaborate exclusively with Zhuhai Piwin New Energy Co Ltd, a wholly-owned subsidiary of China's Pilot Group, to produce high-end battery energy storage systems (BESS) in India.Through this alliance, Servotech plans to utilize the global experience of Piwin in BESS to combine it with the local production capacity and strong market presence of Servotech. The two firms will then be able to provide the whole country with easy-to-use, efficient, and upgraded energy storage solutions, which will keep up with the demand for renewable energy sector in India."We are bringing to the Indian market the best-in-class worldwide technology in BESS along with our domestic expertise thus committed to delivering locally made products to not only help bring the Indian renewable energy story continue but also fulfill the agenda of a sustainable, secure, and self-reliant energy future," said Raman Bhatia, Managing Director of Servotech.The main elements of the partnership will be the transfer of technology, production on local grounds, and scaling the advanced storage solutions meeting the increasing demand for storages of reliable energy in the country. The deployment of renewables is happening rapidly as a result, BESS will be required for the stability of the grid, energy efficiency, and enabling the large-scale integration of solar and wind power.On top of that, Servotech has just supported Rhine Solar Ltd, a local solar module manufacturing company, which acts as an indirect investment in solar energy for India and that pushes further its commitment to the country's renewable energy ecosystem. Godrej Consumer Products Limited (GCPL) Managing Director and CEO Sudhir Sitapati said that consumers should anticipate FMCG products to be sold at lower prices from early to mid-next month, as the revised MRP goods need time to hit the market.Industry under MRP regime and both dealers and companies are holding stocks priced higher under the previous structure, hence the reduction of GST rates to 5% has led to disruptions of a short duration. Sitapati pointed out, "Handing over money to the trade cannot ensure that consumers immediately get the benefits. It will require some time before we see the new MRPs hitting the market."The choice by the GST Council from September 22 will lessen taxes on several daily necessities such as hair oil, soaps, face powders, shampoos, toothbrushes, toothpaste, and a variety of food products, to name a few. Although a market for the transition phase may exist with some temporary adjustments, Sitapati is optimistic about entering into the third quarter.GCPL which gets 35% of its revenue from soaps (brands like Cinthol and Godrej) has been making volume sales of about 2% per year over the last four to five years, On the other hand, Sitapati expects the category to grow by at least two percentage points with the GST cut, thereby encouraging the spending power of the households and, in turn, there can be demand pull across the FMCG sector."GST rationalisation not only benefits categories with reduced rates but also stimulates overall consumption, positively impacting discretionary spending," he added. TOP STORIES
< Page 8 | Page 10 >