Electric Vehicle Stocks India: Electric vehicles are gaining widespread recognition in India. Alarming rates of emission and skyrocketing fuel prices are driving the adoption of electric vehicles among the masses and therefore EV stocks are the hottest trend. Finding the one to ride the trend could be a daunting task as several companies have yielded great wealth and their valuations have increased manifolds. When it comes to EVs, it is not only the carmaker but the industry that is composed of companies focused on its components. Therefore, it is advisable to play the EV trend by buying the partnership in the companies involved in the supply chain. It could be a company doing business in making lithium batteries, charging stations, related parts, and more. Parking your funds wisely in such companies could deliver a handsome return as the industry is quite young and growing rapidly.
1. GREAVES COTTON
Greaves Cotton manufactures engines, engine applications, and trades power tillers, engine spares, electric vehicles, and infrastructure equipment, among other things. In the 3W diesel engine segment, GCL has a market share of 60%– 65%. GCL provides engines to over 30 Indian original equipment manufacturers (OEMs).
2. JBM AUTO
JBM Auto Ltd manufactures and sells sheet metal components, tools, dies, and Moulds among other things. It also manufactures buses as well as their spare parts and accessories over and above managing bus maintenance contracts.
Automobile Components Segment: This division generates 75% of the company’s revenue. It produces auto systems and high-level assemblies in this division. Its product portfolio includes chassis and suspension systems, axles, twist beams, lower control arms, subframes, exhaust systems, air tanks, fuel tanks, entire cowl assemblies, and pedal boxes, exhaust systems, air tanks, fuel tanks, complete cowl assemblies, and pedal boxes.
3. ASHOK LEYLAND
The Hinduja group's flagship company, Ashok Leyland, has a long history in the domestic medium and heavy commercial vehicle (M&HCV) industry. The company has a strong brand name and a well-diversified distribution and service network across the country. Headquartered in Chennai, it is one of the fully integrated manufacturing enterprises in the world, with a presence in 50 countries. Right since inception, they have managed over 8,00,000 drivers through their driver training institutes across India.
4. EXIDE INDUSTRY
In India, Exide Industries Ltd is primarily involved in the production of storage batteries and related products. Exide Life Insurance Company Ltd (ELI), a subsidiary of the company, sells life insurance to customers through a variety of channels, including individual agents, corporate agents, banks, and so on.
Storage Batteries Segment: The firm is India's leading storage battery manufacturer, dominating practically every category in the automotive, industrial, and submarine industries. Currently, the automotive industry generates 73% of the segment's revenue, followed by industrial (26%) and submarine (3%).
5. TATA MOTORS
Tata Motors is a world-renowned vehicle manufacturer. It is a part of the prestigious Tata group, which supplies a comprehensive range of automobiles, sport utility vehicles, trucks, buses, and defense vehicles throughout the world. It operates through a robust global network of subsidiaries, associate firms, and joint ventures (JVs) in various parts of the world.
Long-Term Strategy: Tata Motors and Jaguar Land Rover are both aiming to electrify their fleets. Tata Motors' Tigor EV and Nexon EV are now the industry’s leading EV models in India. In 2020, it sold 2,600 electric vehicles, resulting in a market share of 63%.
6. HIMADRI SPECIALITY CHEMICAL
Himadri Specialty Chemical specializes in the production of carbon-based products and chemicals. It is India's leading coal pitch manufacturer and the country's sole advanced carbon material manufacturer. It is also India's major producer of naphthalene and SNF.
It produces a variety of carbon-based products and chemicals. Carbon black, specialty carbon black (SCB) Naphthalene, Advanced carbon material, SNF (Sulphonated Naphthalene Formaldehyde), and specialty oils comprise the major selling products of the company.
7. NATIONAL ALUMINIUM
National Aluminum Company Limited, abbreviated as NALCO, is a Navratna group ‘A' CPSE that was founded in 1981. NALCO is in the business of producing and selling alumina and aluminum. According to a Wood McKenzie report, the company is the lowest-cost producer of metallurgical grade alumina and the lowest-cost producer of bauxite in the world.
8. HBL POWER SYSTEM
HBL's first produced and successfully developed aircraft batteries, which led to the company offering the world's widest range of specialized batteries. Their knowledge of batteries generated opportunities and ideas for diversification. The company expanded into new businesses and markets that relied upon its batteries. Industrial electronics, defense electronics, and railway electronic signaling are among the key markets that it serves.
9. TATA POWER
Tata Power Ltd.'s primary business is the generation, transmission, and distribution of electricity. In the future, the company intends to shift its capacity concentration away from thermal sources and toward clean energy sources. It aims to increase the share of clean and green capacity to 60% of its total capacity by 2025, 80% by 2030, and achieve carbon neutrality by 2050 by phasing out thermal projects.
Market Capitalization: Rs 39,526 Cr | ROE: 3.41 % | Stock P/E: 59.7
10. MINDA INDUSTRIES
Minda Industries Limited, a flagship company of the N.K. Minda Group is one of India's most diverse auto component manufacturers. It is a technology leader in the automotive components industry and a tier-1 supplier of proprietary automotive solutions to OEMs. Headquartered in Manesar, Haryana, Minda has engineering, R&D, and manufacturing facilities in Manesar, Pune, and Sonipat.
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