Mercury EV-Tech GEDA Approval for Lithium-Ion E-Rickshaws in Gujarat

Mercury EV-Tech Limited has received approval from the Gujarat Energy Development Agency (GEDA) to market and distribute 11 battery-operated three-wheeler models equipped with lithium-ion batteries across Gujarat. The approval allows the company to offer its approved electric rickshaw portfolio in the state during the financial years 2026–27 and 2027–28, expanding the availability of certified electric mobility solutions for eligible customers under the state's incentive programme.

GEDA Approval Covers 11 Lithium-Ion E-Rickshaw Models

According to the approval issued by GEDA, customers including individuals and institutions purchasing the approved three-wheeler models from Mercury EV-Tech Limited will qualify for a subsidy of INR 48,000 per vehicle. The financial assistance applies only to the approved battery-operated three-wheelers listed by the agency, supporting wider adoption of electric mobility solutions while reducing the purchase cost for eligible buyers.

BO3W Programme Valid Until March 2028

GEDA confirmed that the proposal submitted by Mercury EV-Tech Limited has been accepted under the BO3W programme. The approval remains valid until 31 March 2028, providing the company with an extended period to market and distribute its approved lithium-ion electric three-wheelers within the state. The programme also ensures that eligible buyers can continue to benefit from the notified subsidy throughout the approved validity period.

Frequently Asked Questions

What does the GEDA approval mean for Mercury EV-Tech?
The approval authorizes Mercury EV-Tech Limited to market and distribute 11 lithium-ion battery-operated electric three-wheelers in Gujarat during the 2026–27 and 2027–28 financial years. It also enables eligible individuals and institutions purchasing the approved models to receive an INR 48,000 subsidy per vehicle under GEDA's BO3W programme. According to the approval, the programme remains valid until 31 March 2028, supporting broader adoption of certified electric three-wheelers across the state.