EV stock to watch after announcing 30,000 pre-orders for EZIO and EZIBOT at Bharat Mobility Expo 2025EV stock to watch after announcing 30,000 pre-orders for EZIO and EZIBOT at Bharat Mobility Expo 2025

Introduction:

Leading EV company has unveiled two innovative electric vehicles, EZIO and EZIBOT, at the Bharat Mobility Expo 2025. With 30,000 pre-orders already received, the vehicles promise excellent range, affordability, and durability, making them ideal for fleet operators.

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Share price movement of Gensol:

On January 28, 2025, Gensol Engineering Ltd (GENSOL) opened at ₹679.90, down 0.61% from its previous close of ₹684.10. The stock reached a high of ₹684.65 and a low of ₹634.45. By 12:04 PM, it traded at ₹644.55, a 5.78% decrease, with a market cap of ₹2,449.4 crore.

Gensol EV Secures 30,000 Pre-Orders:

Gensol Electric Vehicles Pvt. Ltd. (GEVPL), a subsidiary of Gensol Engineering Limited, has unveiled two groundbreaking electric vehicles at the Bharat Mobility Expo 2025: the EZIO and EZIBOT. The company has received 30,000 pre-orders for these vehicles.

The EZIO, a compact, reverse trike electric vehicle, offers a unique solution for city commuting. It features exceptional range, quick charging capabilities, and outstanding affordability, with running costs as low as ₹0.50-0.60 per kilometer, making it a cost-effective choice for fleet operators.

With a focus on safety and performance, the EZIO has undergone rigorous testing and boasts a robust design, ensuring durability in urban conditions. The strong market demand and trust in Gensol EV’s products highlight its potential for global adoption and scale.

Recent news on Gensol:

As of January 06, 2025, Gensol Engineering Ltd (GENSOL) secured an EPC contract worth ₹1,062 crore for a 275 MW Solar PV Project at the RE Solar Park, Khavda, Gujarat. The contract includes three years of operation and maintenance services.

Stock performance of Gensol for Period of 1 week, 6 months and 1 year:

Gensol Engineering Ltd (GENSOL) has experienced a decline in performance with a 10.3% drop over the past week, a 31.9% decrease over the last six months, and a 21% fall over the past year, reflecting challenging market conditions.

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Shareholding pattern of Gensol:

All values in %	Dec 2024	Sep 2024	Jun 2024
Promoter	62.70%	62.60%	62.80%
FII	0.60%	2.30%	2.00%
DII	1.40%	0.00%	0.00%
Public	35%	35.10%	35%

About Gensol:

Gensol Engineering Ltd. (NSE: GENSOL) was founded in 2012, specializing in solar consulting and EPC services. It has expanded internationally and entered the electric vehicle sector in 2022. The company also acquired a majority stake in Scorpius Trackers Pvt. Ltd.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.