Light-emitting diode (LED) lights illuminate a speedometer of an e-rickshaw in New Delhi, India, on Sept. 22, 2018. (Photographer: Prashanth Vishwanathan/Bloomberg)
Ravi Rathore, a maker of electric three-wheelers, was expecting 2020 to be a bumper year after demand jumped in the previous two. Then the Covid-19 outbreak struck.In the two months since the economy started reopening in phases following the world’s most stringent lockdown, Rathore, 26, the owner of Faridabad-based MP Enterprises, has barely sold 20 vehicles, six of which were e-rickshaws. That number stood at anywhere between 100 an...