• Friday, March 29, 2024

Business

Steel tycoon Sanjeev Gupta to bring in Formula 1- inspired electric cars to India

Sanjeev Gupta

By: Keerthi Mohan

UK-based steel tycoon Sanjeev Gupta may soon be responsible for bringing Formula 1-inspired electric cars to India and Australia. These cars could roll out early next decade, according to a Bloomberg report. “We are talking about city cars, about small, light, very, very economical cars,” Sanjeev Gupta said in an interview to Bloomberg in Sydney. “We will launch both in India and in Australia.” The executive chairman of Liberty House Group has a number of businesses ranging from manufacturing to banking, and automobiles could be the latest addition. The aim is to build a lightweight city car based on a design…

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