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Gensol Electric Vehicle receives ARAI Certification to launch its First Flagship Electric Vehicle

Posted On : 2024-02-28 14:56:10( TIMEZONE : IST )

Gensol Electric Vehicle receives ARAI Certification to launch its First Flagship Electric Vehicle

Gensol Electric Vehicles Pvt. Ltd. (GEVPL), a subsidiary of Gensol Engineering Ltd. (BSE: 542851) (NSE: GENSOL) and a new-age OEM in the eMobility space, today announced that it has received the certification and approval for its unique and revolutionary electric vehicle, from the Automotive Research Association of India (ARAI). This significant accomplishment marks a monumental step forward, paving the path for the electric vehicle's official launch and sale in the Indian market.

The ARAI certification process meticulously evaluates a vehicle's performance, safety, and compliance to vehicle regulatory norms. Gensol EV successfully met these criteria by navigating the rigorous assessments during the extensive vehicle testing process. This certification culminates the vehicle homologation process, which involved vehicle testing both in controlled lab environments and on diverse terrain conditions. This certification shows Gensol EV's readiness to officially enter production and redefine sustainable & urban mobility in India.

Commenting on this milestone achievement, Anmol Singh Jaggi, Chairman and Managing Director, Gensol Engineering Limited said, "We are committed to bringing our first made-in-India electric vehicle to the market with full compliance to ARAI regulations. We are incredibly proud to have developed a vehicle that meets the highest standards of safety, quality, and performance parameters, and matches up to the requirements of the certification."

The new modern electric car, contributing significantly to the larger mission of decarbonising mobility, will be manufactured at the state-of-the-art greenfield plant in Chakan, Pune (India), with an annual production capacity of 30,000 cars. The compact 2-door, 2-seater electric vehicle embodies modernity, intelligence, space efficiency, and cutting-edge technology. Pioneering several industry-first features, such as a moonroof, ample boot space, in-cabin driver assistance technology, a comprehensive technology stack, AI-driven cloud analytics, and a uniquely intuitive user experience, it is set to create new segment benchmarks.

Shares of Gensol Engineering Ltd was last trading in BSE at Rs. 1190.20 as compared to the previous close of Rs. 1238.10. The total number of shares traded during the day was 21907 in over 1692 trades.

The stock hit an intraday high of Rs. 1250.95 and intraday low of 1182.00. The net turnover during the day was Rs. 26474393.00.

Source : Equity Bulls


GensolEngineering INE06H201014 GensolElectricVehicles ARAI Certification ElectricVehicleLaunch