EVs, ancillary industries may see Rs 3.4 trn investment by 2030: Colliers

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EVs, ancillary industries may see Rs 3.4 trn investment by 2030: Colliers - Business Standard

Quick Summary:

Domestic and foreign firms have announced a whopping Rs 3.4 lakh crore investment in India's electrical vehicles (EVs) and ancillary industries over the next six years, Colliers India on Wednesday said while expressing concern over "tardy progress" towards achieving the goal of 30 per cent electric mobility by 2030

Real estate consultant Colliers India on Wednesday released a report 'EVs in India: Renewed Vigour in Electric Mobility', highlighting that an overall EV penetration rate in India stood at 8 per cent.

"Although the pace of EV adoption in the country has been commendable, it has not been as brisk as anticipated," the consultant pointed out.