December 11, 2024 1:01 PM

Indian EV industry to attract $40 billion investments, boosting real estate growth: report

The Indian electric vehicle (EV) and ancillary sectors are poised to attract nearly $40 billion in investments over the next five to six years, creating significant opportunities for the real estate market, according to a report by Colliers India. The report, titled "EVs in India: Renewed Vigour in Electric Mobility," highlights that nearly two-thirds of these investments are expected to be concentrated in the lithium-ion battery segment. Despite slower-than-expected EV adoption, the industry h...