Gensol EV Lease bags order for 500+ EV Cargo vehicles

Gensol EV Lease Pvt. Ltd., a subsidiary of Gensol Engineering Limited (BSE Code: 542851 and NSE Symbol : GENSOL), an EV-focused leasing solutions provider, today announced a significant milestone with an order for more than 500 + Tata Ace Cargo EVs. This substantial order, valued at INR 75 Cr 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.

In addition, we are working with customers in the PSU, last mile delivery and employee transportation business with a leasing requirement of 100+ electric vehicles.

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.

Shares of Gensol Engineering Ltd was last trading in BSE at Rs. 1991.50 as compared to the previous close of Rs. 1976.90. The total number of shares traded during the day was 3150 in over 570 trades.

The stock hit an intraday high of Rs. 2008.10 and intraday low of 1966.75. The net turnover during the day was Rs. 6266098.00.

Source : Equity Bulls

Keywords

GensolEngineering INE06H201014 GensolEVLease TataAce CargoEVs