India’s electric vehicles segment is likely to witness an investment of $12.6 bn over the next 5 years. This report was published by Colliers, a leading real estate consultant.
Big investments in India
Tamil Nadu is the frontrunner, accounting for around 34% share in total planned investments for EV.
Tamil Nadu is followed by Andhra Pradesh and Haryana with a share of 12 per cent and nine per cent respectively. The investments will benefit the Indian real estate sector as new showrooms will be opened. 15 States have either approved or notified EV policies, with 6 more states in the draft stage. States like Delhi, Gujarat, Maharashtra, and Meghalaya are focusing on demand incentives.
