GRAND CAYMAN, Caman Islands, Sept. 26, 2024 (GLOBE NEWSWIRE) -- SRIVARU Holding Limited (Nasdaq: SVMH, SVMHW) ('SRIVARU” or the 'Company”), a manufacturer of premium electric motorcycles, announced today that it has successfully obtained certification from India's Central Motor Vehicles Rules (CMVR) agency for PRANA 2.0 models, which include the PRANA Grand and PRANA Elite. This regulatory approval marks a significant achievement in SRIVARU's mission to deliver innovative, eco-friendly transportation solutions to the rapidly expanding electric two-wheel vehicle market in India.

The certification of PRANA 2.0, high-speed electric motorcycles, under India's updated CMVR is a landmark achievement for the Company. The newly updated CMVR standards have stringent requirement for vehicle safety, battery efficiency, and long-term durability, making certification a rigorous process. SRIVARU's successful navigation of the updated CMVR underscores the Company's technical expertise and unwavering commitment to executing its vision of delivering high-quality, innovative electric vehicles.