Reliance EV Update 2025: Stocks, Strategy & Surprises

Let’s rewind to a scene just a few years ago: A Reliance AGM, Mukesh Ambani standing tall on stage, dropping bold announcements like firecrackers — Jio disrupting telecom, massive solar investments, and then… a teaser: Electric vehicles. No details. Just a spark.

Fast forward to 2025 — that spark has turned into something much bigger.

Today, Reliance isn’t just flirting with the electric vehicle (EV) industry. It’s laying down infrastructure, acquiring cutting-edge tech, and quietly reshaping India’s clean mobility ecosystem.

And here’s the twist: It’s not just about building EVs. It’s about controlling the engine that powers the future — literally and financially.

So, if you're an investor, EV enthusiast, or just someone watching India’s industrial transformation unfold, buckle in. This isn’t just another corporate update. It’s a front-row view into a very strategic playbook — and a few surprises along the way.

🧩 A Strategy Built for Scale — Not Speed

Most EV startups start with a flashy car design or a prototype. But Reliance is playing a very different game. Think chess, not checkers.

Instead of diving headfirst into making electric cars, Reliance has focused on building the ecosystem. And that means controlling every piece of the puzzle:

• Battery tech? ✅
  

• Charging stations? ✅
  

• Green energy sources to power it all? ✅
  

• Logistics, data, cloud, and retail connections? ✅✅✅
  

It’s the Jio model — again. Remember when they built towers, gave free data, disrupted prices, and then monetized? Now replace towers with gigafactories, and data with lithium.

🔋 The Battery is the New Oil

Let’s talk batteries — the beating heart of any EV.

In 2025, Reliance is investing over ₹75,000 crore into its Dhirubhai Ambani Green Energy Giga Complex in Jamnagar. This sprawling project isn’t just a battery plant — it’s a clean energy fortress.

What’s inside?

• Sodium-ion battery production (via UK-based Faradion, acquired by Reliance)
  

• Battery recycling facilities
  

• Energy storage systems for grid & transport
  

• Advanced material R&D hubs
  

Why sodium-ion? Because they’re safer, cheaper, and more suited to India’s climate than traditional lithium batteries. And Reliance is betting early — just like it did with 4G.

🏙️ Charging Ahead — Literally

As of mid-2025, Jio-bp Pulse (Reliance’s joint venture with BP) has installed over 3,000 EV charging stations across India, with a goal of 10,000 by 2027.

But Reliance isn’t stopping at just charging — it’s also launching battery swapping networks for two- and three-wheelers in urban zones. This could revolutionize last-mile logistics, delivery fleets, and even e-rickshaws.

And here’s the surprise: Reliance is integrating Jio’s data network into its charging ecosystem, meaning smart tracking, predictive maintenance, and loyalty-based pricing could soon be part of your EV pitstop.

🤝 Surprising Global Partnerships

While Tata, Ola, and Mahindra have rolled out EVs for Indian roads, Reliance has kept its cards close. But the whispers in the corporate corridors are getting louder.

Sources suggest that Reliance is in advanced talks with two international EV manufacturers — one from South Korea, the other from Europe — for a joint venture that could see a mid-range EV launch by late 2026.

The goal? Not luxury. Not budget. But the sweet spot for India’s aspirational middle class — under ₹15 lakhs, with 350+ km range.

This could be the real game-changer.

📈 What the Markets Are Saying

Let’s shift gears and look at the Reliance stock itself.

As of July 2025, RIL shares have risen nearly 18% YTD, outperforming the Nifty 50. While oil-to-chemical still contributes heavily to revenues, analysts are watching Reliance's “green” portfolio closely.

In Q1 FY25 alone, revenue from new energy and EV verticals has grown 112% YoY, albeit from a small base. Still, it signals momentum.

Foreign institutional investors (FIIs) have also increased their stake, with several brokerage houses like CLSA and Jefferies raising their target price by 10–12%, citing "upside from EV and energy transition bets."

But is it too early for retail investors to jump in?

Not necessarily. Here’s why.

🧠 The Smart Money Mindset

If you’re investing in Reliance today expecting an EV car launch tomorrow — you're missing the forest for the trees.

Reliance isn’t building a car company. It’s building India’s EV backbone.

Owning Reliance stock now is like owning a piece of:

• The EV supply chain
  

• The national charging grid
  

• The clean energy storage market
  

• And a potential future EV services platform (powered by Jio tech)
  

It’s a multi-sector play — and unlike a startup, Reliance has the capital, political reach, and market access to make this vision a reality.

⚠️ Risks Investors Should Keep in Mind

That said, not everything is sunshine and solar panels. Here are a few red flags to keep on your radar:

• Policy Volatility – Government subsidies forEVs and battery manufacturing are always subject to change.

• Global Competition – Chinese battery makers and Korean tech giants could challenge Reliance’s ambitions
• Execution Risk – Scaling clean tech infra in India is not easy — delays, logistics, andregulation can choke even the best plans.

• Valuation Stretch – Some analysts argue RIL’s stock is already pricing in much of the future EV optimism.

Still, for long-term investors — especially those thinking 5–10 years out — these are calculated risks worth watching.

🏁 Final Thoughts: The Future Is Quietly Electric

Mukesh Ambani isn’t making noise about EVs — but he is making moves. Big ones.

Instead of trying to be India’s Tesla, Reliance wants to be the electric backbone of India’s mobility revolution. And if their Jio playbook is anything to go by, they might just pull it off.

So, should you invest? That’s your call. But one thing’s clear:

Reliance’s EV journey isn’t coming — it’s already charging up.