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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.

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.
To boost the adoption of electric vehicles, the government is spending money to set up charging stations. The majority of the existing public chargers, however, don’t even work.
FY26 numbers show that Airtel is stealing a march on its larger rival on most counts and is unrelenting in its ambition, casting a cloud on Jio’s valuation.