India, April 23 -- Tata Motors and French automaker Citroen are facing a major setback following the abrupt suspension of operations by BluSmart, India's largest all-electric fleet operator, according to a Financial Express report.
Its ambitious plans had made it a key customer for EV manufacturers, including MG Motor, BYD, Mahindra & Mahindra, Hyundai, and Audi, alongside Tata and Citroen.
However, with BluSmart exiting the market, manufacturers are staring at excess inventory.
Asked whether the undelivered vehicles could be reassigned to other operators, the executive was sceptical: "With thousands of ex-BluSmart vehicles now entering the secondary market, there's little to no appetite for new EV orders."
"Fleet operators were instr...
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