Delhi-based Revolt Motors has emerged as a standout story for electric motorcycles in India against all odds. Now it has to prepare for an onslaught of new competition, starting with top e-scooter maker Ola.
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There is no dearth of action on the EV front in the country—corporate investments to foreign players coming in and new startups mushrooming. Yet some challenges remain.
Ola Consumer is gearing up for an IPO, but poor numbers, lack of direction and an uncertain path to profitability make the company a particularly risky bet for investors.
In paving the way for Tesla to sell its cars in the country with reduced duties, India comes across as partisan and a country that can be bullied into acting against its own interests.