Gensol Engineering (GEL), a renewable energy and electric mobility company has signed a Memorandum of Understanding (MoU) with the government of Gujarat, to invest Rs 2,000 crore towards setting up an electric vehicle manufacturing unit.
The MoU was signed in the presence of the Chief Minister of Gujarat, Bhupendra Patel at the Vibrant Gujarat Global Summit 2024. The new facility is expected to generate around 1,500 green jobs in the region.
Anmol Singh Jaggi, Co-founder, Gensol Group said “We extend our sincere gratitude to the Government of Gujarat for their invaluable collaboration and support. Our profound thanks for fostering an environment that aligns with our vision for revolutionising the ever-growing EV landscape. The Rs 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 expected to roll out products in both commercial and personal vehicle space.
