Troubled Mobius finds mystery rescuer in boost to local industry

Mobius Motors has said that it has entered into a deal with an undisclosed buyer, saving the local motor vehicle from closure.

The company had last week said its shareholders had agreed to put the company under liquidation and appoint KVSK Sastry as the liquidator to wind up the company. It had gone on to invite creditors for a meeting that was scheduled to take place on Thursday, August 15.