BluSmart Faces Turbulence Amid Gensol Crisis and Strategic Shift
BluSmart, India’s all-electric ride-hailing service, is navigating a period of uncertainty following recent developments involving its parent company, Gensol Engineering Ltd. The Securities and Exchange Board of India (SEBI) has barred Gensol’s founders from holding key positions due to alleged defaults on loans totaling approximately ₹9.78 billion, primarily used to purchase electric vehicles for BluSmart. These findings … Read more