Want to create an interactive transcript for this episode?
Podcast: The Morning Brief
Episode: The Financial Mess at Gensol and Blu-Smart
Description: Once seen as the promising power duo of India’s renewables and EV story, Gensol Engineering and BluSmart Mobility are now at the center of a high-stakes corporate unraveling. Gensol, a key lessor and vehicle supplier for BluSmart, is battling a severe liquidity crisis, with its stock crashing 65%, credit rating slashed to unprecedented lows, and allegations of financial mismanagement emerging. Now, in a desperate move, Gensol is trying to pare ties with BluSmart and sell 3,000 vehicles from its fleet. But this isn’t just about one company’s cash crunch. Host Anirban Chowdhury talks about a business model under stress...