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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At the Agrovision 2025 exhibition in Nagpur, Mahindra & Mahindra, the world’s leading tractor manufacturer by volume, presented a series of pioneering alternative fuel technologies, signalling a major shift towards sustainable farm mechanisation. The event was attended by prominent government figures, including Union Ministers Nitin Gadkari and Shivraj Singh Chouhan, underscoring the national importance of these agricultural innovations.

The showcased technologies, developed at the company’s Mahindra Research Valley in Chennai, highlight a strategic commitment to reducing emissions and lowering operating costs for farmers. One prominent innovation is a tractor based on the Yuvo Tech+ platform, engineered to operate on either Compressed Natural Gas (CNG) or Compressed Biogas (CBG), as well as in a dual-fuel mode combining diesel with CNG. This provides a practical and cleaner alternative to conventional diesel.

Further advancing its portfolio, Mahindra unveiled an Ethanol Flex Fuel engine. This power unit is designed for flexibility, capable of running on ethanol produced from a variety of farm-sourced materials such as sugarcane, maize and crop waste. This not only offers a sustainable fuel alternative but also creates potential new revenue streams for the agricultural community.

Completing the trio of new technologies was an Electric Tractor built upon Mahindra’s global OJA platform. This model promises significantly reduced operating expenses while delivering instant torque and enhanced efficiency. Its design includes the convenience of fast-charging capabilities, addressing the need for practicality in daily farm operations.

Beyond these alternative fuel prototypes, Mahindra also displayed its comprehensive lineup of conventional, fuel-efficient diesel tractors and farm implements from both the Mahindra and Swaraj brands. This collective display positions Mahindra at the forefront of the industry's move towards a net-zero future. By investing in a diverse range of solutions including electric, biogas and ethanol technologies, the company is championing a sustainable and economically viable pathway for Indian agriculture, aiming to make farming both more profitable and environmentally responsible.

Veejay Nakra – President, Farm Equipment Business, Mahindra & Mahindra Ltd. said, “Mahindra is committed to leading India’s shift to alternate fuel technologies and driving cleaner, smarter and sustainable farming solutions. Our presence at Agrovision 2025 underscores this commitment as we showcase innovative tractors and technologies that will shape the future of Indian agriculture, aligned with the Government of India’s vision towards achieving net-zero carbon emissions by 2070.”

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Bengaluru-based electric vehicle maker Ather Energy has launched the Rizta in Sri Lanka at the Colombo Motor Show 2025. This move, in partnership with Evolution Auto (Ather’s distributor in Sri Lanka), marks a step in Ather’s international growth strategy.

It was in December 2024, Ather Energy began its operations in Sri Lanka in December 2024 with the Ather 450X. The company has established a footprint with 40 Experience Centres run by Evolution Auto. Additionally, the EV maker has installed Ather Grid fast chargers to support EV ownership in the country.

The Rizta has now been introduced following the response to the Ather 450 line-up. The Rizta provides a seat and a 34-litre under-seat storage capacity. It also features a floorboard with leg space. The scooter includes features such as SkidControl for safety, a 7-inch TFT display dashboard, and connected capabilities like Google Maps navigation and music and call control (available with Rizta Z).

Ravneet Singh Phokela, Chief Business Officer, Ather Energy, said, “Since entering Sri Lanka last year, it has quickly become a growing market for us, and expanding our portfolio here with the Rizta felt like the natural next step. The Rizta has seen strong acceptance in India for over a year and more recently in Nepal, and we believe it is well-suited for the needs of Sri Lankan riders as well. Its focus on safety and connected capabilities makes it a practical choice for everyday use. With this launch, we aim to deepen our presence in Sri Lanka and continue strengthening the EV ecosystem there."

Ather entered its first international market, Nepal, in November 2023, where it has expanded to 9 Experience Centres and 7 Service Centres. Sri Lanka became the second international market in December 2024. In India, as of 30th September 2025, Ather's retail network included 524 Experience Centres and 3,643 Ather grid fast-charging stations.

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JSW MG Motor India has announced that its MG Windsor electric SUV has surpassed 50,000-unit sales in just over a year.

The company stated that the Windsor is the first electric passenger vehicle in India to achieve this sales mark in record time, reinforcing its position in the country's EV segment. This sales rate translates to five units of the MG Windsor being sold every hour.

Demand for the EV has been observed across major metropolitan and non-metro markets, indicating customer readiness to adopt electric mobility solutions.

Anurag Mehrotra, Managing Director, JSW MG Motor India, said, “When we launched the Windsor EV, our mission was simple yet ambitious: to offer a mobility solution that is practical, stylish and value-driven – while accelerating the adoption of electric vehicles in India. The Windsor EV’s rapid success, achieving 50,000 sales in record time marks a landmark moment in India’s EV journey and demonstrates that customers are embracing this transition with enthusiasm. This milestone energises us to deepen our commitment to New Energy Vehicles. Our vision is to deliver exciting experiences every time and we will continue raising this benchmark as we shape the future of mobility in India.”

The MG Windsor, which the company markets as a CUV (Crossover Utility Vehicle), delivers 100 KW (136ps) of power and 200Nm of torque. It features an ‘AeroGlide’ design and an interior with 'Aero Lounge' seats and a large 15.6-inch Grandview Touch Display.

JSW MG Motor India recently launched the MG Windsor Inspire, a limited-edition series, which was unveiled by Nitin Gadkari, Minister of Road Transport and Highways of India.

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Mumbai-based startup ACS Energy has successfully secured INR 11 million in a pre-seed funding round. The investment was spearheaded by Inflection Point Ventures (IPV). This financial boost will enable the company to deploy over 5,000 new UPI-enabled EV charging stations across the key states of Maharashtra and Gujarat, enhancing accessibility for residential and commercial users alike.

ACS Energy (Ayka Control Systems Pvt. Ltd.) is tackling a critical gap in India's electric vehicle ecosystem by focusing on complex urban settings. The company specialises in developing charging solutions for high-rise buildings and large residential townships, an often underserved segment despite increasing regulatory mandates for EV infrastructure in new real estate projects.

Since its establishment in 2022, the startup has been a pioneer, introducing India's first UPI-based payment system for EV charging. This innovation eliminates the need for multiple mobile applications or subscriptions, creating a seamless, digital-first experience for users. Their product line includes universally compatible smart AC chargers for various vehicle types, supported by the proprietary ACS pay platform. The technology leverages artificial intelligence to effectively manage power loads and ensure swift, transparent transactions.

The founding team, Jash Sheth and Mihir Bhanushali, brings a strong blend of technical and engineering expertise to the venture. Sheth's background includes experience in India's nuclear power sector and involvement with other successful startup founding teams. Together, they are driving a vision to make sustainable mobility more practical and less cumbersome through intelligent infrastructure.

Beyond expanding its physical charging network, a portion of the new capital will be dedicated to advancing energy management systems. These systems are designed to bring smarter power distribution and sophisticated load balancing to urban buildings, promoting greater overall energy efficiency. Currently operating in cities such as Mumbai, Pune and Ahmedabad, ACS Energy is rapidly scaling its operations to build a robust network that connects city dwellers and emerging EV hubs.

Mitesh Shah, Co-Founder, IPV, said, “India’s EV revolution is incomplete without a strong support system fuelling its growth. The transition from fuel-based energy to green energy has to be more accessible and seamless. ACS Energy offers more than just a charger – it is a full hardware and software package that makes charging quick, transparent and hassle-free. Their UPI-based system means anyone can pay instantly, which makes EV charging as seamless as buying groceries.”

Jash Sheth, Founder & CEO, ACS Energy, said, “At a petrol pump, you don’t think twice – you just pay and move. EV charging should be just as simple. With India’s first UPI-enabled charging network, we’re bringing that same ease to the EV ecosystem. Alongside, we’re launching our AI-driven Energy Management Systems to help buildings and DISCOMs manage load intelligently. This fundraise will power our mission to simplify charging and optimise energy use across India.”

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