MoneyWorks4Me

Gensol Engineering’s arm bags order for 500+ EV Cargo vehicles

28 Sep 2023 Evaluate

Gensol Engineering’s subsidiary -- Gensol EV Lease has bagged an order for more than 500 Tata Ace Cargo EVs. This substantial order, valued at Rs 75 crore is from an all-electric logistics company. An Initial batch of 20+ EVs have already been leased, with the remaining cars to be deployed over the next 6 months across 5 states in India - Maharashtra, Karnataka, West Bengal, Tamil Nadu and Telangana.

Specialising in flexible and tailored EV leasing and fleet management solutions, Gensol EV Lease champions sustainable and eco-conscious mobility while addressing the challenges that have hindered widespread EV adoption. These orders mark a significant step towards advancing sustainable mobility through innovative EV leasing solutions. Gensol EV Lease is steadfastly establishing itself as a pivotal player in the EV leasing sector meeting the burgeoning demand for EVs in the years ahead.

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.


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Company Name CMP
Larsen & Toubro 3879.00
Kalpataru Projects 1386.70
NCC 132.85
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