A big bang announcement to manufacture electric cars and multiple rollout deadlines later, his publicly listed Gensol Engineering has little to show for except a tadpole-like three-wheeler that is yet to prove itself.
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Ghost directors, family members on the payroll and shadow operators—inside the tangled web of power and money at BluSmart and Gensol.
The US is racing to be part of an industry that hasn’t yet proved itself to be safe for the environment or good for business. India needs to wait and watch.
Indian electric vehicle manufacturers are in for near-term disruption as China puts restrictions on the supply of rare-earth materials to the world.