Automotive | Electric Mobility | Government Policies
Power Finance Corporation Ltd (PFC) has sanctioned a Rs 633 crore loan to Gensol Engineering Ltd for acquiring 5000 passenger Electric Vehicles and 1000 cargo EVs. This move is aimed at boosting the EV fleet of Blusmart Mobility Pvt. Ltd, enhancing sustainable transport in Delhi-NCR, and contributing significantly to India's net-zero goals with estimated annual CO2 savings equivalent to the absorption capacity of over 5 million trees.
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