Business tycoon Sanjeev Gupta could start building Formula 1-inspired electric vehicles in India and Australia early next decade, adding automobiles to his roster of global businesses that span steel-making to banking.
Gupta’s GFG Alliance, which aims to model the budget, lightweight city cars on a design developed by former McLaren Racing and Brabham technical director Gordon Murray, will build EV plants as part of his worldwide push into the auto supply chain.
“We are talking about city cars, about small, light, very, very economic cars,” he said in an interview in Sydney. “We will launch both in India and in Australia.”
GFG has been selected as preferred bidder for Indian auto parts maker Amtek Auto Ltd., and acquiring its assets will give it a platform for further expansion in the second-most populous nation, Gupta said. Read More…
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