(Image: Signodrive) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Noida-based Signodrive Technologies Pvt. on Tuesday launched the first batch of electric vehicles under the ongoing Corporate Insolvency Resolution Process (CIRP) of Gensol Engineering Ltd.

The event marks the beginning of the operational revival of EVs, as part of a broader programme to deploy up to 4,000 vehicles across Delhi NCR and Bengaluru.

NDTV Profit first reported that Signodrive is set to take on Gensol’s EV fleet for a two-year period. The company has been appointed by the Gensol creditors to manage the rescue, upkeep and deployment of Gensol's EV fleet, largely previously operated under the brand BluSmart.

"Over the next month, the fleet will scale up toward the targeted 1000+ vehicles, w

See Full Page