Billionaire Gupta sets sights on making electric cars in Australia

Melbourne

BRITISH industrialist Sanjeev Gupta is set to bid for industrial assets at General Motors Co's former Holden manufacturing site in South Australia, according to the state's treasurer, aiming to use the equipment to build electric vehicles.

If successful, the purchase would bring Australia's now defunct car manufacturing industry back to life, and add to a string of ambitious investments by Mr Gupta, executive chairman of GFG Alliance, that include plans to use solar energy to power steel-making operations.