Electric Cars

Best Electric Car Stocks to Buy in India

electric car stock in India

The Electric Car Stocks in India are set to continue to grow. Not at the rate that the government assumes, but the industry will probably move forward.

These electric cars run on rechargeable batteries. The components of these cars are made of low weight and high-quality plastic or fiber. To make it more efficient thus using less energy while driving.

Since the main components of these cars require batteries, this particular industry will see huge growth in the future. This will give a boost to high-quality plastics companies.

It is believed that the launch of the electric car’s stock in the future will benefit automobile companies. With a large number of customers and market share.

• Current situation of Electric Car Stock in India

The electric car’s stock has recently developed on a large scale through a handshake between the government and automakers.

The increase in sales of electric cars during the lockdown reflects the interest in alternative movements.

Which will lead to an increase in stocks of electric vehicles in India.

To reduce pollution in the capital and some other metros, the government has offered Tata Motors Ltd Rs 1,120 crore to build 100 electric cars.

Recently, global EV giant Tesla has come up with a solution for the location and office of a manufacturing unit near Karnataka.

Which has given a big boost to EVs in the country.

The Government of India introduced a number of policies and schemes. Such as FEM II (Accelerated Adoption and Production of Electric Vehicles) and the National Electric Mobility Mission.

Aimed at increasing the number of electric vehicles in India and advancing EV technology. Big automobile giants like Mahindra, Tata Motors, and Hero MotoCorp have launched their first generation of electric cars in India.

Some of the major startups like Aether Energy, Torque Motors, and Okinawa Electric have already invested heavily in the research and development of electric cars in India.

• The Future of Electric Cars Stock in India

The current demand and growth of electric cars in India is expected to increase EV sales by more than 30 million by 2030. The Government of India has set an ambitious target of making 0% of India’s cars electric by 20 years.

By 2030, GOI plans to replace vehicles with 0% commercial vehicles and 0% personal vehicles with electric cars. The government wants all four-wheelers to run on batteries by 2023.

By 2025, this rule is expected to increase in most two-wheelers. With the government’s focus on green mobility in India.

It can be expected that the EV sector will grow in some remarkable direction and the stock of electric vehicles in India will increase.

Given this massive adoption and growth in the EV sector in India. The year 2021 can be considered as the best time to invest in stocks of electric vehicles in India.

Electric car stock in India is set to grow this decade. You may be wondering what stocks to buy for electric cars in India? Or what is the best electric car stock to buy in India?

• Top Electric Car Stocks and Battery Companies in India are :

1. Mahindra & Mahindra Limited
2. Tata Motors Limited
3. Tata Power Company Limited
4. Maruti Suzuki India Ltd
5. Ashok Leyland Ltd
6. Olectra Greentech Ltd
7. Amara Raja Batteries Ltd
8. Exide Industries Ltd
9. Indian Oil Corporation Ltd
10. Himadri Speciality Chemical Ltd
11. Graphite India Ltd
12. High Energy Batteries (India) Ltd

• Best Electric Car Stocks in India

1. Mahindra & Mahindra Limited

With the launch of Mahindra Rewa in the early 2000s. Mahindra took the first step towards the electric revolution in India. With an EV manufacturing unit in Bangalore.

Mahindra Electric has made a difference in many EV segments such as passenger and freight. In addition to electric cars, Mahindra & Mahindra Limited is expected to expand its R&D.

In the electric car battery sector by mid-2021. Mahindra has launched two new range of its compact urban electric cars Mahindra E2O and Mahindra E2O Plus.

Mahindra & Mahindra Limited stocks can now be a great option for investing.

  • The Share price of Mahindra & Mahindra Limited :
    Metrics Value
    Market Cap: Rs 1,06,169
    Dividend Yield: 0.28%
    PE Ratio: -178.85
    Share Price: Rs 852.05

2. Tata Motors Limited

India’s automotive giant Tata Motors has taken part in the electric revolution. following the launch of the best-selling EV-Nexon EV.

Tata Motors has brought in state-of-the-art electric cars. With state-of-the-art Ziptron technology that uses smart regenerative braking to charge batteries while on the drive.

Tata Motors currently offers three electric cars, the Tigor EV, the Nano EV, and the Tiago Electric. Tata is expected to win the EV race in India. As it accelerates research and development in its vehicles and electric vehicles abroad.

In addition to cars, Tata Motors also manufactures some of India’s leading electric utility vehicles. Like buses, trucks, and defense vehicles.

  • The share price of Tata Motors Limited:
    Metrics Value
    Market Cap: Rs 1,15,713
    Dividend Yield: 0.00%
    PE Ratio: -7.35
    Share Price: Rs 348.50

3. Tata Power Company Limited

Tata Power is an electric utility company part of the Tata Group. Which is divided into power generation and distribution.

It generates 10,875 MW of electricity, 32% of which comes from pure energy sources. The company aims to become the largest electric vehicle charging station provider in India by 2030.

At present, Tata Power has set up about 170 Electric Vehicle Charging Stations in India. The company has entered into a list of understanding at petrol pumps like Indian Oil, Bharat Petroleum to install EV charging stations on its premises.

  • The share price of Tata power company:
    Metrics Value
    Market cap Rs 3,630.95
    Dividend yield 1.47%
    PE Ratio 29.58
    Share Price  Rs 105.25

4. Maruti Suzuki India Ltd

Maruti Suzuki, the largest car manufacturer in the country. has a wide distribution network and there is a sense in people. Being the most trusted of Indian customers.

EV Shares launched its own electric vehicles that will skyrocket its skies. The company will launch an electric version of its idol Maruti Suzuki Wagon R by mid-2021.

Until then, it is better to keep a close eye on Maruti Suzuki’s share price.

  • The Share price of Maruti Suzuki India Ltd:
    Metrics Value
    Market Cap: Rs 2,15,223
    Dividend Yield: 0.84%
    PE Ratio: 48.13
    Share Price: Rs 7,124.70

Best Electric Car Take

Automobile giants and battery manufacturers. which are moving towards sustainable mobility, have the opportunity to invest in the research and development of alternative fuel technology vehicles in India.

The shift is expected to boost the value of stocks related to electric vehicles in India and shares of electric cars in India.

What is the Best Electric Car Stock to buy in India?

The best electric car stocks to buy in India are:

  • Mahindra & Mahindra Limited
    Tata Motors Limited
    Tata Power Company Limited
    Maruti Suzuki India Ltd
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