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The EV manufacturing unit will generate around 1,500 jobs in the region. The company stated that this plant will churn out a diverse range of cutting-edge EVs across segments, catering to both commercial and personal vehicle space.
Anmol Singh Jaggi, co-founder of Gensol Group said, "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."
Gensol Engineering is a company that provides engineering, procurement, and construction (EPC) services for solar power plants. They have a team of over 250 employees and specialize in managing international turnkey projects.
On a consolidated, the company’s net profit climbed 51.1% year on year to Rs to Rs 11.92 crore in Q2 FY24. Net sales zoomed to Rs 199.43 crore in Q2 FY24 as against Rs 80.92 crore recorded in Q2 FY23.
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