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Gensol wins ARAI approval for EV manufacturing

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Large Corporate 28 Feb 2024 06:27 PM IST Business Standard

The Automotive Research Association of India (ARAI) has certified and approved Gensol Electric Vehicles Pvt Ltd's (GEVPL) electric vehicle (EV). GEVPL, a subsidiary of BSE-listed Gensol Engineering Ltd, one of India's major green energy engineering, procurement, and construction (EPC) firms, is entering the EV manufacturing market for the first time.

In a public statement, the company stated that this achievement cleared the way to introduce and sell its EV in India formally. The statement highlighted the thorough examination procedure carried out by ARAI, which evaluated the vehicle's functionality, safety, and adherence to legal requirements.

Anmol Singh Jaggi, Chairman and Managing Director of Gensol Engineering Limited, expressed the company's commitment to bringing its first made-in-India electric vehicle to market in full compliance with ARAI regulations. He underscored the pride in developing a vehicle meeting the highest safety, quality, and performance standards.

The manufacturing plant in Chakan, Pune, will produce three-wheeler, two-seater reverse troika vehicles, described by Jaggi as "born electric" in an interview with this paper in November. Gensol, headquartered in Ahmedabad, has been listed on the BSE since 2019. Jaggi, co-founder of the electric ride-hailing venture BluSmart, had previously mentioned plans to introduce the first rollout of in-house EVs in the BluSmart fleet. Jaggi explained the suitability of the vehicle for BluSmart's fleet, emphasizing its ideal configuration for single-passenger rides, reduced congestion, and competitive pricing compared to existing cabs and autos.

Gensol currently procures cabs for BluSmart’s fleet from manufacturers such as Tata Motors, MG Motors, and BYD, leasing these EVs to BluSmart. The company's statement highlighted the greenfield plant's annual production capacity of 30,000 cars and touted the compact 2-door, 2-seater EV as embodying modernity, intelligence, space efficiency, and cutting-edge technology. The vehicle features advanced technologies, including a moonroof, ample boot space, in-cabin driver assistance technology, and AI-driven cloud analytics.