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Long Term Investment in Electric Vehicle Stocks November 29 2021electric vehicle stocks

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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

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