Gensol Engineering has acquired 58.08% equity in Gensol Electric Vehicles, by investing Rs 3.50 crore. The company has acquired this stake with view to enter into Electric Vehicles Manufacturing Facility and accordance with business strategy of the company. With this transaction, the Gensol Electric Vehicles will become the subsidiary of the company. Gensol Electric Vehicles belongs to Manufacturing of Electric Vehicles.
Gensol Engineering is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India.
