Long Term Investment in Electric Vehicle Stocks
In India,
electric vehicles are becoming more popular. Rising petrol prices and alarming
levels of pollution are driving broad demand for electric cars, making EV
stocks the hottest trend. Finding the proper company to ride the wave might be
tough, since some companies have gathered vast sums of money and have surged in
value.
Electric cars
are quickly becoming the trend of the day, thanks to the recent arrival of
Ola's electric scooters and the buzz surrounding current EV models from Tata
Motors, MG Motor, Audi, Mahindra and Mahindra (M&M), and others.
Why is there such a demand for electric vehicle
stocks?
The government
has set a target of electrifying the whole nation by 2030. Given where we are
in the adoption process right now, this is a huge target. By 2023, all
three-wheelers will be electric, and the majority of two-wheelers will be
electric by 2025. It's realistic to anticipate the electric car sector to grow
and India's electric vehicle fleet to expand, given the Indian government's
growing focus on green transportation. The year 2021 might be considered the
greatest time to invest in electric vehicle stocks in India due to the EV
market's widespread acceptance and expansion.
Some prominent companies you can look up to if you’re
willing to invest in electric stocks
Mahindra and
Mahindra
Mahindra &
Mahindra Limited is a company based in India. Mahindra is a leader in the
development of electric cars in India. The Mahindra Reva, the company's first
electric vehicle, was launched in 2001, making it the first major EV
manufacturer. It has extended beyond consumer and corporate demands to embrace
a wide range of other market sectors with the EV production operation in
Bangalore. Mahindra & Mahindra Limited is projected to manage future
electric vehicle expansion, notably in terms of battery development.
Tata Motors
Tata Motors is a
corporation that manufactures automobiles. Tata Motors has created ZAPTRON, a technology
that uses kinetic braking to create power and recharge the battery while the
car is in motion. The Tigor electric car, Nano electric vehicle, and Tiago
electric vehicle are currently available from Tata Motors. It is likely to
dominate the EV business as it increases its R&D internationally and in
India. Tata Motors also manufactures a huge number of heavy-duty electric
buses, dump trucks, and military vehicles in India, in addition to automobiles.
Ashok Leyland
Ashok Leyland is
India's biggest manufacturer of electric buses, trucks, and security equipment.
It has developed the first flash-charged electric bus in the world. It makes it
possible for heavy-duty electric cars to travel on Indian roadways, making it
an excellent option. Circuit, Circuit S, and HYBUS are just a handful of Ashok
Leyland's landmark debuts. Ashok Leyland will disrupt India's heavy electric
vehicle sector with ABB TOSA technology.
Bharat Forge
Bharat Forge has
established a new firm called Kalyani Powertrain to focus on the electric
vehicle industry. The company's stock has surged by 65 percent in the last
year. Furthermore, with the help of Tork Motors, a Pune-based electric
motorbike startup in which Bharat Forge holds a 49 percent ownership, it plans
to build electric two- and three-wheelers. The first model is planned to be
introduced in 2022.
Exide Industries
Exide Industries
specializes in the production of storage batteries and related products.
Storage Batteries Segment: The company is
India's largest storage battery manufacturer, with a chunk of the automotive,
industrial, and submarine sectors under its grip.
Key Takeaway
The above
mentioned information is for the knowledge of investors. Investors should
consult to financial experts like Indira Securities or do their own research
and study before investing in any stocks.
Also Read - Here is Why You Should Invest in Electric Vehicle Stocks