Follow us
Gensol Engineering signs MoU with Govt of Gujarat to invest Rs 2000 crore for EV manufacturing
This investment is expected to create 1,500 green jobs in the region.
By Autocar Professional Bureau
7639 Views
Gensol Engineering, a renewable energy and electric mobility firm has signed an MoU (Memorandum of Understanding to invest Rs 2000 crore for the manufacturing of EVs. This comes ahead of the Vibrant Gujarat Summit, which will take place from 10-12 January.
This investment is expected to create 1,500 green jobs in the region.
Anmol Singh Jaggi, Co-founder, 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.”
The Vibrant Gujarat Summit is expected to see participation from several industries, and also Tesla’s supposed entry is expected to be announced at the summit.
As a prelude to the Vibrant Gujarat Global Summit 2024, MoUs worth Rs 7,12,250 crore have been signed.
RELATED ARTICLES
JLR Q2 Wholesales Rise 24% Year-on-Year as UK and Overseas Markets Offset China and Middle East Weakness
Arunima Pal
03 Oct 2026
By model, Range Rover, Range Rover Sport and Defender made up 77.6% of total wholesale volumes, up from 76.7% in Q2 FY26...
Aston Martin Delays EV Plans, Retains V8 and V12 Until 2035
Ketan Thakkar
03 Oct 2026
The British sports car maker will remain predominantly focused on combustion engines through the rest of the decade, wit...
Carraro India Plots Course to Rs 4,000 Crore Revenue by FY30
Shahkar Abidi
03 Oct 2026
Armed with a Rs 300 crore capex program and rising higher-horsepower demand, Managing Director Balaji Gopalan targets su...
