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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Tesla held its first-ever public pop-up showcase in India at Ambience Mall in Gurugram, attracting thousands of visitors interested in the automaker’s electric vehicles and sustainability credentials.

Ambience Mall, which has become a platform for premium and international consumer brands, was selected for its modern infrastructure, high footfall and affluent customer base, according to the venue. Visitors were given a close look at the Tesla Model Y, marking the company’s initial public display in the city.

The mall authorties said the event reinforces its position as a preferred launch venue for global names entering or expanding in India with a history of hosting world-class brand showcases and firsts.

Hosting Tesla’s first-ever pop-up in India reaffirms our position as the preferred venue for premium international brands,” said Arjun Gehlot, Director of Ambience Malls. “Our space celebrates technology, design and sustainability, reflecting the aspirations of today’s consumers.”

Ambience Mall authorties said the showcase represents another milestone as it focuses on experiences at the intersection of retail, technology and lifestyle, catering to a growing Indian audience seeking innovative mobility solutions.

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Bengaluru-based electric vehicle maker Ola Electric has announced the commencement of deliveries for the S1 Pro+ (5.2kWh) powered by the company's 4680 Bharat Cell battery pack.

With this, the S1 Pro+ becomes the company’s first product to use its indigenously manufactured 4680 Bharat Cell. With its own battery packs in the vehicles, Ola Electric is now India's first company to fully own the battery pack and cell manufacturing process in-house.

The company recently secured ARAI certification under the latest AIS-156 Amendment 4 standards from the Ministry of Road Transport and Highways for its 4680 Bharat Cell battery packs in the 5.2 kWh configuration.

The S1 Pro+ (5.2kWh) is powered by a 13 kW motor and offers acceleration of 0-40 kmph in 2.1 seconds. It comes with a range of 320km (IDC with DIY mode). The S1 Pro+ has four riding modes: Hyper, Sports, Normal & Eco and includes dual ABS and disk brakes in the front and rear.

“With deliveries of 4680 Bharat Cell powered vehicles underway, we are taking a giant leap towards achieving true energy independence. This milestone is not just about the 4680 Bharat Cell, it’s about India owning the future of energy and mobility. Our in-house cell technology enables us to build products with greater range, performance, and safety - all designed and made right here in India. The 4680 Bharat Cell is a symbol of India’s capability to lead the world in EV innovation, and this is just the beginning,” an Ola Electric spokesperson stated.

Ola Electric offers a portfolio of S1 scooters and Roadster X motorcycles, including the S1 Pro+ in 5.2kWh and 4kWh configurations and the S1 Pro in 4kWh and 3kWh configurations. Mass market offerings include Gen 3 S1 X+ (4kWh) and Gen 3 S1 X (2kWh, 3kWh, and 4kWh). The company also offers the S1 Pro Sport and the Roadster X motorcycle portfolio.              

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Mahindra Last Mile Mobility (MLMML), the commercial EV manufacturing business of Mahindra Group, has announced it has sold over 300,000 electric vehicles to date. This milestone positions MLMML as the first OEM in India to achieve this sales volume in the commercial EV space. The company's growth momentum has accelerated, with the last 100,000 EV sales achieved in just 12 months.

The EVs sold by Mahindra Last Mile Mobility have collectively covered more than 5 billion kilometres, offsetting the release of over 185 kilo metric tonne of CO2 emissions.

At present, the company’s EV portfolio includes the Treo range, Zor Grand, e-Alfa three-wheelers and the Mahindra ZEO four-wheeler.

The company has introduced new and upgraded products in the last couple of years, such as the Treo Plus sheet metal, e-Alfa Plus, Zor Grand Range Plus and Mahindra ZEO.

Furthermore, the EV maker is also introducing a refreshed NEMO platform on iOS, Android and Web to mark the 300,000 EV sales milestone landmark. This platform enables drivers and fleet managers to manage and monitor their vehicles remotely. Features include multi-vehicle management, geo-tracking, service booking, roadside assistance (RSA) and charging network locations.

At the 200,000 EV sales milestone, MLMML introduced its UDAY NXT programme, which offers benefits such as a INR 2 million driver accidental insurance cover and financial counselling.

Suman Mishra, Managing Director and CEO, Mahindra Last Mile Mobility, said, "Achieving the 300,000 EV milestone marks a proud moment in our journey towards sustainable mobility. It's a reflection of the trust and confidence customers place on our EVs. At Mahindra Last Mile Mobility, we are not just manufacturing EVs we are enabling livelihoods and shaping a cleaner future. Through innovation-driven products, we continue to strengthen our commitment to making electric mobility practical and accessible to everyone."

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Bengaluru-based electric vehicle manufacturer Simple Energy has announced that it has surpassed its FY2025 revenue by over 125 percent as of October 2025.

The growth was driven by its sales and expanding national presence. Last month, the company reported 1,050 unit sales, marking its highest monthly sales yet.

To meet customer demand, Simple Energy has increased production by 40 percent at its manufacturing facility in Hosur, Tamil Nadu.

The company is executing an all-India expansion plan, aiming to establish 150 retail stores and service centres by March 2026. Supporting this growth, the marketing team has been expanded to over 40 professionals.

The company's two-wheelers, the Simple ONE Gen 1.5 and the Simple OneS, were launched in January 2025. Both scooters offer IDC ranges of 248 km and 181 km, respectively and have gained traction due to customer feedback on performance, range and design.

Simple Energy has a retail presence with 61 outlets in major cities and plans to enter new markets such as Delhi, Bhopal and Patna in the coming months.

In September 2025, the EV maker claimed it became the country’s first original equipment manufacturer (OEM) to commercially manufacture heavy rare-earth-free motors. The new motor line delivers performance and torque while eliminating dependence on heavy rare-earth elements.

Suhas Rajkumar, Founder and CEO, Simple Energy, said, “Surpassing last year’s revenue by over 125 percent in just seven months and crossing the 1,000-unit sales mark reflects the strong trust customers have placed in Simple Energy. Every milestone – from scaling production and expanding our team to broadening our store and service centre footprint – is part of a deliberate plan to strengthen the company and serve our customers better. As we move toward 150 stores and service centres by March 2026, we remain focused on driving growth through innovation, accessibility and trust.”

Also read: Simple Energy Eyes INR 8 Billion Revenue For FY2026, Targets $350 Million IPO By FY2027

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