The electric vehicle and ancillary industry in India is set to get a new charge with substantial investments of around USD 40 billion in the next five to six years said a report titled ‘EVs in India: Renewed Vigour in Electric Mobility’ by Colliers.

The vast majority of investments, constituting 67 percent (USD 27 billion) of the total investments planned, will be in the manufacturing of lithium-ion batteries, followed by OE and EV manufacturing at USD 9 billion (23 percent) and others accounting for USD 4 billion (10 percent).

The report observes that the despite slower than anticipated EV adoption, the investment commitments have grown 3X in the last three years.

Share of planned investments for EV over the next 5-6 years

The planned investments will also see a spill over effect on multiple real estate opportunities from manufacturing to showrooms to even EV charging infrastructure. The report estimates that almost 45 million square feet of real estate would be required by 2030 for charging infrastructure alone.

On the other hand, while the penetration of electric vehicles in the country is lower single digit, it is estimated to reach around 8 percent by 2024, which translates to sales of almost 2 million green vehicles.

Growth required in EV sales to achieve 2030 targets

Note: Penetration refers to share of EV registrations in overall vehicle registrations | 2024 data is estimated on basis of data till Oct 2024. Source: Ministry of Road Transport & Highways, Niti Aayog, Colliers, Industry

Badal Yagnik, CEO, Colliers India said, “Although the demand for EVs has picked up in recent years, the target of achieving 30 percent penetration by 2030 looks like an uphill task. While demand and supply incentives will continue to play a pivotal role in faster adoption of EVs, a multifold increase in EV sales can be fast-tracked by the reduction in production costs and improving affordability with respect to EV price points. Additionally, high-capacity original equipment manufacturing units and large-scale production of lithium-ion battery variants must be high on the EV priority list.” 

Vimal Nadar, Senior Director and Head of Research, Colliers India, said, “Accelerated growth in the EV industry is bound to positively impact the Indian real estate sector. Supported by supply-side incentives from the government, leading developers are likely to increase their focus on state-of-the-art warehouses. Additionally, over 45 million sqft of real estate will be required for building extensive network of public charging stations over the next 5-6 years. Residential and commercial developers too are likely to increasingly integrate dedicated charging stations and parking spots for EVs within their projects. Such practices will provide a competitive edge, aligning with the requirements of corporate occupiers and homebuyers.”

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Chennai-headquartered two-wheeler and three-wheeler major TVS Motor Company has announced a partnership with Indian Oil Corporation (IndianOil) to support LPG cylinder distribution using the TVS King Kargo HD vehicle range.

The initiative aims to provide commercial mobility solutions for IndianOil's network of over 13,000 LPG distributors across India. The partnership intends to improve the efficiency of last-mile deliveries while supporting the transition to sustainable mobility. By using the TVS King Kargo HD, distributors are expected to reduce operating costs and carbon emissions.

Rajat Gupta, Business Head of Commercial Mobility at TVS Motor Company, said, "At TVS Motor Company, we are focused on building mobility solutions that make everyday business more efficient and sustainable. Our partnership with IndianOil Corporation Limited brings together the strength of two trusted organisations to transform last-mile LPG cylinder distribution across the country. Through the TVS King Kargo range, we are enabling distributors with reliable, high-performance vehicles that help reduce operating costs, improve productivity, and support cleaner operations. This collaboration is another step towards making sustainable mobility practical, accessible, and impactful for businesses across India.”

V C Asokan, ED, SR & SH-TNSO, Indian Oil Corporation, said, "Indian Oil has consistently been at the forefront of delivering energy solutions that power the nation's growth while embracing sustainability. This initiative represents an important step towards modernising our LPG distribution ecosystem through sustainable mobility solutions. The induction of electric cargo vehicles will help improve fleet productivity, lower operating costs for our distributors, and contribute towards reducing carbon emissions. We believe this engagement will demonstrate how strategic industry partnerships can accelerate India's transition towards greener and more sustainable logistics."

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Fiat has introduced the Topolino to the United States market, marking the entry of Stellantis into the country's micromobility segment. The EV is available in two body styles, the Topolino and the Topolino Dolcevita, through select dealers with a manufacturer’s suggested retail price of USD 13,995, excluding destination fees.

The Topolino is a low-speed electric vehicle with a 5.4-kWh battery and a range of up to 46 miles (75 km). It has a speed of 19 mph (30.5 kmph), though owners can install a conversion kit by the end of summer 2026 to increase the speed to 25 mph (40 kmph), making it a street-legal low-speed vehicle (LSV) for roads with speed limits of 35 mph (56 kmph) or less.

Olivier Francois, CEO, Fiat, said, "Topolino represents a new chapter for the brand in the U.S. – defined not just by size, but by purpose. With Topolino, we bring a feeling, a lifestyle, a reminder that mobility can be joyful, expressive and beautifully simple. FIAT continues to stand apart by embracing its legacy in small cars, redefining mobility, and anticipating evolving customer needs. With the introduction of Topolino, FIAT brings its unmistakable Italian design and iconic character into this fast-growing segment, offering a fresh, stylish alternative that reimagines urban and neighborhood mobility."

The vehicle is part of the Stellantis FaSTLAne 2030 strategy, which focuses on providing mobility options. Fiat has also collaborated with Motori & Customs to offer customisation services for the Topolino.

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Maruti Suzuki India, the country’s largest passenger vehicle manufacturer, has commissioned a 1 MWh Battery Energy Storage System (BESS) at its manufacturing facility in Kharkhoda. The company installed a 20 MWp solar power project at the site in 2025.

The BESS stores electricity generated by the solar plant during periods of low demand or holidays for use when needed. The system is also intended to assist with grid stability and has been integrated into the facility's electricity distribution network as a pilot project.

Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India, said, “Maruti Suzuki is strongly aligned with India’s focus on building self-reliant energy ecosystems. The introduction of Battery Energy Storage System (BESS) at our Kharkhoda facility is part of these continued efforts. With a lifecycle of about 15 years, BESS will help to reduce nearly 54 tonnes of CO2 emissions annually.”

“Going forward, our production volumes will increase from current levels. Despite this, we remain committed to lower Scope 1 & 2 emissions not only in terms of CO2 intensity but also in absolute CO2 emission in manufacturing. Our approach is in line with our parent company, Suzuki Motor Corporation’s environmental vision, which has set an intermediate target to reduce Scope 1 & 2 CO2 emissions by 42 percent by FY 2030-31 compared to FY 2022-23,” he added.

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Bengaluru-based electric vehicle manufacturer Oben Electric has commenced deliveries of the Rorr Evo motorcycle with an initial delivery event in Bengaluru.

The company plans to roll out deliveries across its 150 showrooms nationwide in the coming weeks.

The launch follows 25,000 bookings received within 15 days of the motorcycle's launch in May 2026. Oben Electric stated that it is scaling production to meet this demand, supported by a facility with an annual capacity of 100,000 units. The company operates a retail and service network across 90 cities in 18 states.

The Rorr Evo is priced at INR 124,999 (ex-showroom) and features a 9 kW motor, a 3.4 kWh battery and has a claimed top speed of 110 kmph with a range of 180 km. The vehicle includes a 5-inch TFT display, navigation and connectivity features. Oben Electric designs and manufactures its batteries, motors, and software in-house.

Madhumita Agrawal, Founder & CEO, Oben Electric, said, "Building demand is one milestone but consistently delivering on that demand is what builds enduring customer trust. The commencement of Rorr Evo deliveries marks an important milestone for us as strong customer demand now translates into real motorcycles on the road, and we are deeply grateful to the customers who placed their faith in us. India is a motorcycle-first nation, and the next phase of electric mobility will be defined by electric motorcycles that fit seamlessly into everyday riding. As manufacturers, our responsibility is to bridge the gap between aspiration and adoption by building electric motorcycles that deliver uncompromised performance, reliability, safety and ownership confidence. Every delivery is a step towards making electric motorcycles a practical and trusted choice for millions of Indian riders."

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