Promoter group entities renounced their entitlements to Motilal Oswal and Calliope Capital as India's premier EV manufacturer moves to strengthen capital reserves.
Chief Executive Benedetto Vigna points to strong Indian engineering talent and trade pacts as the Italian supercar maker showcases its 1,035hp EV in New Delhi.
A Middle East oil shock and record fuel prices have done what years of environmental pleading could not, pushing drivers rapidly towards electric vehicles.
Brussels warns that Britain cannot remain a tariff-free backdoor for cheap Chinese imports without facing retaliation that could devastate UK car manufacturing.
