Cargo Ev News Today

Gensol Engineering Ltd has received an order worth Rs 75 crore to lease 500 electric cargo vehicles from a logistics firm. The order was secured through its subsidiary, Gensol EV Lease Pvt Ltd. The vehicles will be deployed in Maharashtra, Karnataka, West Bengal, Tamil Nadu, and Telangana over the next six months.

Gensol Engineering Ltd: "Gensol EV Lease bags order for more than 500+ Tata Ace Cargo EVs. This substantial order, valued at INR 75 crore, is from an all-electric logistics company," it said.

The passenger EVs are set to be leased to ride-hailing service Blusmart Mobility to bolster its fleet.