BluSmart’s exit, new business models, and legal hurdles - What’s behind the churn in India’s ride-hailing market
Published on: April 19, 2025, 10:53 a.m. | Source: The Indian Express
With BluSmart hitting the brakes on Wednesday, just a day after related-party entity Gensol Engineering Ltd was pulled up by India’s top markets regulator for fund diversion and document falsification, questions are mounting over the future of its 8,000-strong electric vehicle (EV) fleet.
