Gensol Engineering Ltd. Inks MoU with Government of Gujarat, Commits INR 2,000 Crore Investment for EV Manufacturing

Gensol Engineering Limited (GEL), a prominent player in renewable energy and electric mobility, has embarked on a transformative collaboration with the Government of Gujarat to propel India towards a sustainable future. The groundbreaking Memorandum of Understanding (MoU), inked in the presence of Hon'ble Chief Minister Shri Bhupendra Patel, as part of the investment promotion activity for Vibrant Gujarat Global Summit 2024, signifies a substantial INR 2,000 Crore investment in establishing a cutting-edge Electric Vehicle (EV) manufacturing facility for Gensol EV. This initiative is poised to generate approximately 1,500 green jobs, contributing to the region's economic growth.

The strategic alliance underlines GEL's steadfast commitment to realizing a cleaner and greener tomorrow.

Anmol Singh Jaggi, Co-founder of Gensol Group, expressed gratitude to the Government of Gujarat for their collaborative support, stating, "Our sincere thanks for fostering an environment that aligns with our vision for revolutionizing the ever-growing EV landscape. The INR 2,000 Crore investment stands as a testament to our confidence in the state's commitment to sustainable growth and green manufacturing. We look forward to a mutually beneficial partnership that propels Gujarat to new heights in the EV revolution."

The proposed EV manufacturing plant is slated to be a hub of innovation, producing a diverse range of cutting-edge EVs across segments, catering to both commercial and personal vehicle spaces. The MoU signing signifies a pivotal moment in the joint efforts of GEL and the Government of Gujarat to accelerate EV adoption. This ambitious initiative exemplifies India's dedication to sustainable development, steering the country towards a cleaner and greener future.

Key Highlights:

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  Powerhouse Partnership: The Government of Gujarat collaborates with Gensol Engineering Ltd. to drive India's electric future.

  
  


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  INR 2,000 Crore Investment: Fueling innovation and fostering economic growth through a state-of-the-art EV manufacturing plant.

  
  


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  1,500 Green Jobs: Empowering individuals and propelling Gujarat's EV ecosystem.

  
  


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  Diverse EV Portfolio: From passenger cars to commercial vehicles, addressing every facet of sustainable mobility.

  
  


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  Aligned with India's Green Vision: Advancing India's journey towards a cleaner and greener future, in alignment with the net zero commitment by 2070.

  
  

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