Mercury Ev-Tech Gets GEDA Approval for E-Rickshaw Sales in Gujarat
Mercury Ev-Tech Limited secured GEDA approval to sell E-Rickshaws in Gujarat for FY27-28. Buyers are eligible for a ₹48,000 subsidy per vehicle. The approval covers multiple low and high-speed models.
The approval from GEDA and the provision of subsidies are expected to boost sales of the company's E-rickshaws in Gujarat, a significant market. This could lead to increased revenue and market share.
The company has received approval from a government agency for sales, which is a positive development for business expansion and revenue generation.
Mercury Ev-Tech Limited has received approval from the Gujarat Energy Development Agency (GEDA) for the marketing and distribution of its Battery Operated Three Wheelers (E-Rickshaws) equipped with Lithium-ion batteries in the state of Gujarat. This approval is valid for the fiscal years 2026-27 and 2027-28.
Furthermore, individuals or institutions purchasing these approved three-wheelers will be eligible for a subsidy of ₹48,000 per vehicle. The approved models include various low-speed and high-speed variants such as Tejashvi Plus, Tejashvi Neo Plus, Voltus Plus, Voltus Leo Plus, Voltus Green Plus, Voltus Green Leo Plus, Limosa, DODO, DODO Plus, Kala Ghoda, and Kala Ghoda Clean.
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Mercury Ev-Tech Limited filed this with the NSE as a statutory disclosure, categorised under other company updates. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Mercury Ev-Tech Limited. Read the original for the full detail.