https://images.app.goo.gl/KD7ntuTeyGBLNGxH8
Other than the above image, no info has been made available by the company regarding the product and its launch. I was tracking the company earlier based on the success of its services Blusmart in NCR. They were supposed to commence EV production by Dec ’22, which not only did not happen, the company did not hold any concall post Oct ’22.
Personally, I’m not interested in the EPC business. The EV production made much more sense to me given they already have an established cab hailing service. Several companies like Olectra, JBM and many others as we know have tied up with Chinese counterparts and are running successful businesses. This could have been an instant hit given the price points for their EV the co provided. Growing demand from the ride hailing industry, rising pollution levels, unit economics for the operators, govt sops like the FLAME subsidy etc. were several of the tailwinds imho.
Next demand would have come from the Amazon’s and ekarts of the industry. On similar lines as the Rivian EV. This was my personal view, please correct me if there’s some value that I’m missing. Thanks
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