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India’s BluSmart faces EV shortage, slows expansion goals
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India’s BluSmart faces EV shortage, slows expansion goals

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Electric cab companies in India are experiencing a shortage of EVs, slowing their growth targets.

BluSmart, a fully electric cab operator, planned to deploy 100,000 EVs by 2025 but currently runs about 8,000 vehicles as of September 2024.

The demand for electric taxis surpasses the available supply.

Electric cab services like BluSmart are gradually gaining market share against Ola and Uber.

BluSmart plans to expand to Mumbai by year-end, aiming to strengthen its foothold in India’s ride-hailing market.

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