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India's renewable energy additions in 2025, and double its previous annual record.

Energy remains one of the most critical topics globally just now. The Iran war brought fossil fuel transportation to a halt, increasing oil and gas prices globally. It’s therefore positive that India’s clean power additions offset demand growth in 2025. Signals are showing that clean tech deployment continues to accelerate.

The energy think tank Ember just released its Global Electricity Review 2026, sharing that demand growth was covered by clean tech developments. In terms of India, the high level numbers are impressive:

Ember expects India to follow a less coal-reliant power increase compared to China at comparable income levels (GDP per capita) and the rapid adoption of clean energy to continue, thanks to cheaper and more mature technology. The combination of solar and battery storage is already cheaper than coal generation in India, a substantial advantage in the further development of India’s energy infrastructure.

India’s clean energy pipeline remains robust and recent news indicate demand to continue:

Europe remains a key partner in the clean tech space. The India-Sweden Innovations Accelerator (ISIA) hosted a Swedish clean tech delegation in Hyderabad to connect key players of the broader clean tech ecosystem from both sides. ISIA has been highly successful by supporting the following:

Interestingly, India’s clean tech leaders are also planning market entry towards Europe. Suzlon Energy, an Indian wind turbine manufacturer, announced the launch of a new product portfolio for Europe. The company has been present in Denmark, Germany, and the Netherlands for over 25 years, but mainly for R&D purposes. Launching actual turbines in Europe is part of an increasing expansion by the firm globally. The simultaneous pause on US expansion is a clear signal. When the world's largest wind markets are being prioritised, trade conditions are doing the choosing.

Coal remains a meaningful part of India's current mix. Solar combined with battery storage however is already cheaper than coal generation in India and that tipping point removes the subsidy dependency that historically slowed clean tech scaling. The European industry needs to understand that the pipeline is large, the policy framework is in place, and Indian domestic players are building scale. That combination doesn't stay open indefinitely.

Sources: Ember, The Economic Times, Energy Watch

Over the past weeks, our India Rising Perspective by Zinnov provided deep insights on the Global Capability Center ecosystem and its advantages for European businesses. Just in the last week, three European players from different sectors launched their GCC to drive innovation from India, globally, confirming the growing momentum in the sector.

Most notable takeaways are that while all three companies come from different sectors, end-to-end responsibilities and core technological development are key objective for all GCCs. In case of Sandvik, the integration with the manufacturing site is most notable, as a broader scope with direct impact on manufacturing and product development is to be expected. It’s a strategy that Germany’s Knorr-Bremse follows in Tamil Nadu as well, where it integrates an AI Center of Excellence and an engineering hub with a new manufacturing site for these exact reasons.

The overall momentum is confirmed by record numbers in office leasing activity by GCCs, which reached new records in Q1 2026 as it increased by 5% year-over-year to 20.7 million sqft (around 1.92 million sqm) according to CBRE. Foreign GCCs alone covered 9.1 million sqft (around 8.5 million sqm), the highest ever in a quarter.

European companies continue to recognise India’s technology ecosystem, and increasingly get the right mandate to leverage it. I expect more announcements to come this year and with that, an accelerating adoption cycle.

Sources: Chemin Digest, The Hindu, The Economic Times, Times of India

I just shared why European carmakers will face increasing competition in India last week, and the signal keeps getting clearer as the world’s largest carmaker announced large scale investments in India, while a leading German supplier shows substantial revenue growth and one of the most premium car makers in the world its market expectations.

The world’s largest automaker Toyota Motor Corporation announced the development of three new assembly plants, making India the company’s 4th largest market in terms of units produced with a goal to triple production by 2030.

Here are some details of the announcement:

Toyota plans to shift focus to Emerging Markets, and especially India, where it currently reaches a market share of 7%. While substantially better than the Volkswagen Group (2% market share together with Skoda), that’s still surely below the company’s target in the market.

Suppliers on the other hand remain well positioned, and confirm my outlook from issue 46 of India Rising that they should benefit well from the market’s growth. Schaeffler India just announced its Q1 2026 results:

Schaeffler grew by 22.5% in the APAC region in 2025, against a revenue decline for the overall business.

The premium segment will profit in another way: the EU-India FTA. As I shared in issue 46, this segment sees limited advantages from local production at this point due to relatively low numbers overall, but tariff reductions will lead to substantial benefits. Even a carmaker such as Ferrari expects substantial growth thanks to the FTA and accelerates its expansion in the Indian market.

India as a market requires focus, local production, and market specific product offerings. These news once again confirm that it’s a fast-growing market, and requires to be treated as such if companies want to be successful. While European suppliers are well positioned to gain from this market, European OEMs risk playing the market too passively to be successful.

Sources: The Hindu, MSN, The Economic Times

This week's Quick Risers signal market depth, institutional momentum, and continued corporate real estate expansion, with one notable bearish outlier worth watching.

New functions for the India-Europe Event & Summit Calendar. Take a look here!

Your random facts and stories about India and the Indo-European friendship.

This week: The Secret Language of the Indian Car Horn

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