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Indian EV and ancillary industries to attract USD 40 billion investments
The Business Guardian
|December 12, 2024
The Indian electric vehicle (EV) and ancillary industries in India are anticipated to receive around USD 40 billion of investments over the next five to six years, opening up multiple opportunities for the real estate sector, according to a report by Colliers India.
As per Colliers' latest report, "EVs in India: Renewed Vigour in Electric Mobility," about two-thirds of the planned investments can potentially materialize in the lithium-ion battery segment alone. Interestingly, despite slower than anticipated EV adoption, investment commitments in the EV industry rose over 3X times in the last 3 years.
This story is from the December 12, 2024 edition of The Business Guardian.
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