Sorry for going offtopic but not all but most of Indian businessmen i think do not pursuit for excellence.They just like to exploit gravy train.
Just look at head of Micromax rahul sharma . He brought mobiles cheaply form china and sold its as an indian brand . then lost IP battle n went out from marked.
then again restarted once gov came with some type of scheme and now there is no new model coming for last few years
At his zenith when he was doing good in mobile market i have seen micromax TV/electronics in electronic shops which i supposed again was his tactics of buying from china and labelling as Indian
Now again when GoI has some scheme for EV bikes/cars he has his new venture which sells revolt bike
I donot know how much parts of its Indian , but i think it would be same old strategy buy from china ckd kits and then reassemble in Indina
Don`t do any invest in RnD and once chines/foregin co come with better option on strength of there RnD , then cry for gov support/protection