Investments of USD12.6 bn to fuel Electric Vehicles over the next 5 years
India is likely to witness investments of$12.6 billion across the automotive value chain over the next five years, according to a report titled ‘Electric Mobility in Full Gear’by Colliers and Indospace.
The investments are likely to benefit the Indian real estate sector in the form of setting up new or augmenting manufacturing units, industrial parks, and clusters with focus on last mile delivery by E-commerce firms and 3PL companies, government push for electrification of public transport, tax benefits and incentives for first time buyers amongst others.
Tamil Nadu is the frontrunner accounting for about 34% share in total planned investments for EV, followed by Andhra Pradesh and Haryana with a share of 12% and 9% respectively.
