Micromax Exploring Electric Vehicle Venture Following Decline in Smartphone Sales, Layoffs: Report

Micromax Exploring Electric Vehicle Venture Following Decline in Smartphone Sales, Layoffs: Report

Micromax is looking to enter the electric vehicle manufacturing space in India, according to a report. The New Delhi-based phone manufacturer has faced stiff competition from Chinese brands in the country and reportedly laid off employees across the country, while senior executives have also exited the firm. The developments —…