Best EV Stocks in India 2022
New transportation technologies are always being developed. These alternative transportation technologies, however, are based on electric cars, and many firms have gotten on board in order to acquire popularity before the industry undertakes a major move away from traditional fossil fuels.
This move may also be seen as an attempt by existing enterprises to catch up with the requirements established by Electric Vehicle (EV) companies like Tesla before it’s too late.
If you are a real-time investor seeking a reliable industry to invest in in the future, EV stocks are certainly your hot hook. Even if the market falls, the EV stock growth in India will allow you to benefit financially. So, in this article, we’ll look at the Indian market for electric cars and also the top EV stocks in India that traders should be aware of.
Best Electric Vehicle Stocks in India
|S.No.||Best EV Stocks|
|1||Reliance Industries Ltd.|
|2||Indian Oil Corporation Ltd.|
|3||Tata Motors Ltd.|
|4||TVS Motor Company Ltd.|
|5||Hindalco Industries Ltd.|
|6||Mahindra & Mahindra Ltd.|
Considerations Before Investing in EV-Related Stocks in India
Here are some of the most crucial things to think about before determining which EV stocks to buy.
- Extensive Research
It is recommended that you perform extensive research before investing in an Indian carmaker.
When investing in EV stocks, it’s crucial to understand the firms’ financial development potential rather than making a judgment based on previous statistics.
- Keep an eye out for Industry Leaders
The car sector in India has grown significantly and is predicted to continue growing at an exponential rate.
As a result, in order to secure high future returns, investors must investigate the industry’s trending enterprises as well as market competitors.
- Analyzing the Government’s Investment Activity
These equities will most likely decide the Indian market’s demand-supply balance. Furthermore, the national government has strongly promoted EV pushes, especially for in-house production. As a result, the demand for electric vehicles has increased dramatically in India.
Furthermore, the sector is primed for growth as a result of collaboration between the Indian government and automakers.
- Examine a company’s M&As (Mergers and Acquisitions)
Mergers and acquisitions (M&A) are business-to-business financial transactions that result in the combination of enterprises or their significant financial assets. A corporation, for example, can buy out and absorb another, combine with it to establish a new company, take over some or all of its vital assets, make a tender offer for its stock, or conduct an aggressive takeover. They are all mergers and acquisitions.
An investor must consider these vast facts while determining where to park their money in the market.
- Get rid of losing stocks from your portfolio
The ultimate rebound of a stock following a sharp downturn cannot be forecast. Recognize the importance of being realistic about what is and is not achievable in the stock market. As a result, accept your mistake and sell the underperforming stock as soon as you learn it’s in your portfolio to avoid future losses.
Performer Overview of 2022’s EV Stocks List
- Reliance Industries Ltd.
Reliance Industries Limited is an Indian corporation that operates in the Oil to Substances (02C), Petroleum and Natural Gas, Retail, Electronic Services, and Investment Services industries. The secondary manufacturing facilities, logistics, growing emphasis, and form marketing are all part of the 02C division.
Refining off-gas crackers, multi-feed, and gas crackers are among its assets. The oil and gas category includes the research, production, and supply of natural gas and crude oil. The retail section also includes consumer retail and a number of associated services.
- Indian Oil Corporation Ltd.
Indian Oil Corporation Limited is an oil firm located in India. Petroleum Products, Chemical products, and Other Commercial Activities are the Company’s segments.
It operates a network of gasoline stations, bulk storage ports, inland depots, aviation fuel stations, LPG bottling factories, and lubricant mixing plants. It has also installed roughly 257 EV charging points and 29 battery switching stations at its energy pumps around the country. Furthermore, it owns and runs nine refineries in India.
- Tata Motors Ltd.
Tata Motors Limited is a multinational vehicle manufacturer. The company’s diverse portfolio includes a range of automobiles, SUVs, trucks, buses, and defence vehicles. Among its sectors are automotive operations and other operations.
Tata Commercial Vehicles, which includes small commercial vehicles (SCV) and pickup trucks, medium and heavy commercial vehicles, intermediate light commercial vehicles, and CV passenger vehicles manufactured under the Tata and Daewoo brands; Tata Passenger Vehicles, which includes utility vehicles and passenger cars manufactured under the Tata and Fiat brands; and Jaguar Land Rover, which includes cars manufactured under the Jaguar and Land Rover brands.
Its products and services include information technology (IT), machine tools, and industrial automation systems.
- TVS Motor Company Ltd.
TVS Motor Company Limited manufactures motorcycles, scooters, mopeds, three-wheelers, components, and accessories. The firm manufactures motorcycles such as the TVS Raider, TVS Radeon, TVS Star City +, and TVS Sport, as well as scooters such as the Apache Series RTR, Apache RR 310, TVS Jupiter, TVS Scooty Pep+, and others.
TVS Kings are among its three-wheelers. One of its electric car models, for example, is the TVS iQube.
Customers may also examine the TVS Apache series motorbikes via the company’s mobile app, TVS Augmented Reality Interactive Vehicle Experience (ARIVE), which gives detailed information on the vehicle as well as the ability to arrange a test ride and place an order.
- Hindalco Industries Ltd.
Hindalco Industries Limited is a metal flagship firm established in India. The Novelis sector of the Company represents Novelis Inc, a wholly owned overseas subsidiary involved in the production and sale of aluminium sheet and light gauge goods throughout North America, South America, Europe, and Asia.
The Company’s aluminium business is represented by its Aluminium section, which comprises Utkal Aluminium International Limited (AIL), Hindalco Almex Aluminum Limited (HAAL), Suvas Holdings Limited (SHL), and Minerals and Minerals Limited (M&M).
- Mahindra & Mahindra Ltd.
Mahindra and Mahindra Limited is a corporation located in India that primarily manufactures mobility equipment and agriculture solutions. Automotive and Farm Equipment are two of the company’s segments.
Automotive sales include autos, replacement parts, mobility solutions, construction equipment, and associated services. Farm Equipment sales include tractors, equipment, replacement parts, and related services. It also includes the Powerol and spare business units.
Sport utility vehicles (SUVs), pickup trucks, commercial vehicles and tractors, electric vehicles, two-wheelers, and construction vehicles are all available from the company. It is commonly considered one of the most popular EV stocks in India.
Finally, in terms of overall growth, the pandemic has spurred a desire for items that may assist in reducing the worrying level of pollution, and electric cars are a fantastic method to dramatically decrease emissions in the environment and a start toward sustainable growth.
However, considering the country’s recessionary trajectory, it would be advisable from an investment standpoint to assess the benefits and drawbacks to determine if the country has the capacity to fulfil the benchmark in question. Otherwise, the figures would only be valid on paper. As a consequence, it is advised to invest prudently and thoroughly before making a sensible investment decision.
Thank you for your time reading this! I hope you enjoyed our Article and gain knowledge. Behindyourgoals have more articles related to finance, cryptocurrency, investing, earning money & much more.
One thought on “Best EV Stocks in India 2022”
[…] Also Read: Best EV Stocks In India 2022 […]