Gensol Engineering all geared up to commence production of EVs in January 2023

5 Sep 2022 , 09:41 AM

Gensol Engineering Limited informed that it has achieved a major milestone in the manufacturing of EVs, as part of its Advanced Product Quality Planning (APQP) process.

APQP is an organized process that encompasses crucial functions from idea approval through production and, fundamentally, attempts to create and manufacture goods that fulfill client needs with all vendors and suppliers.

The “Tooling Design Release,” which the company was able to achieve for their anticipated EV, is a critical element of the APQP process.

Completing product design is the goal of this phase, and to that end, the Company has been working with its suppliers to manufacture all parts according to the Company’s plans.

If the aforesaid results are accomplished, the Company will begin manufacturing the EVs in January 2023, as planned, stated the company in media reports.

Gensol Engineering is establishing an EV manufacturing factory in Chakan, Pune, with a monthly production capacity of 1,200 vehicles.

The company further informed that Suppliers & vendors have conducted thorough due diligence of its design.

At around 9.44 AM, Gensol Engineering was trading 5% lower at Rs1,783 per piece against previous close of Rs1,876.80 on BSE. It touched intraday high and low of Rs1,783.

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