This EV maker, backed by a striped investor with bold tech bets, has ended a two-month dry spell in mainboard IPOs and will soon drive into Dalal Street. The chatter is that a prominent domestic mutual fund took quite a shine to the company and played a key role in the anchor book. Sticking with autos, a West India-based IPO hopeful that recently acquired the Indian arm of a Japanese firm is also trying to follow the trail of the EV firm. And that’s not all: even a few MNCs from the sector are eyeing an India listing.

While market volatility has made some issuers hit the pause button, the auto pack seems to be in cruising mode.