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A simple exercise involving its publicly shared numbers shows that the EV maker will probably never break even, making the case for investment in its ongoing IPO all the more baffling.

The country’s woefully inadequate efforts to reduce its reliance on lithium imports could spoil its EV party.
As growth in equities cools, asset managers are looking to embed themselves in payrolls, payments, and credit. This raises their influence, but also the stakes.
Despite reducing total losses, the electric scooter maker is losing double the money for every rupee it earns. Collapsing sales, shrinking market share and mounting cash pressure expose its vulnerabilities.