Introduction to Electric Vehicle Stocks in India
Today, in our most awaited blog, we are going to discuss in detail electric vehicle stocks in India, some factual details about them, and the best EVs which you may plan to buy. Stay tuned till the end to have the full essence of this piece of writing!
Why do we need electric vehicle stocks in India?
Since we know that we are using fossil fuels continuously for decades are they are on the verge of extinction, we can’t even imagine our life without them, as we require fossil fuels and other non-renewable sources of energy in our everyday life and even have a thought of their wholesome extinction is like a nightmare for all of us.
It is the correct and best time to discuss their extinction, steps to save them, and most significantly, finding their alternatives. We must now focus on renewable sources of energy that are less economic and as well as environmentally friendly.
They are available in a huge quantity, so for now, we don’t have to think about the quantity. The best alternative to this available for now is electric energy and many international automobile manufacturers have already used the electrical energy to power up their vehicles.
By the end of the year 2050, you would be witnessing plenty of electric vehicle stocks in India running on Indian roads. Now it’s the right moment to discuss some popular EV manufacturers and their leading roles in lifting this new and emerging industry.
Electric vehicle stocks can also become a solution to many a problem like increasing population level and alarming fuel prices in India which is more excelled due to the infamous conflict between Russia and Ukraine.
Renaissance in automobile world: A Golden opportunity for electric vehicle stocks in India?
The hike in the prices of electric vehicle stocks in India is mainly due to the 100 per cent electrification goal set up by the government of India by the end of the financial year 2030.
The majority of two and three-wheelers are likely to be electrified by their manufacturers but the end of 2025. It is quite reasonable and legitimate to witness a high tide in green-energy vehicles, and the industry would be facing a huge rise soon, as remarketed by technology and automobile experts.
The period between the middle of 2021 to 2022 is going to be the best time to invest in this EV’s stock. This industry is said to witness a sharp boom and transformation in the upcoming years, and the best hint for you guys is to invest up to your savings in this asset.
Now, we will discuss 5 leading companies and organizations whose shares and stocks will multiply your wealth if invested with proper calculation and in the right place. So let us dive in!
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Mahindra and Mahindra Limited
The first-ever electric vehicle launched in India by the renowned automobile organization, Mahindra and Mahindra Ltd is Mahindra Reva which was launched in the year 2000.
They have also set up a specific plant devoted only to the manufacturing of electric vehicle stocks, stock market experts are estimating that the lead role in this industry, which is the battery development is sure to be led by the one and only Mahindra and Mahindra Ltd.
In the coming years after 2000, Mahindra also tried their fortune by launching, two urban and compact cars namely the Mahindra e2o and e2o+
Factual figures of Mahindra and Mahindra Ltd
PE ratio- 24.01
Dividend yield- 1.03 per cent
Share price- Rs 870.04
Market cap- Rs 105,695 crores
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Maruti Suzuki India Limited
Maruti is one of the oldest and India’s most trusted brands, people of the 90s still prefer to buy Maruti Suzuki cars, rather than anyone else. It is loved by all and has a kind of emotional attachment with both its new and old buyers.
After facing tough competition from its rivalries, it is expected to enter soon in the electric and green energy fueled automobile industry with all its efforts for living up to the expectations to bind together the unconditional trust in EV stocks also.
It is a good opportunity to invest in their stocks as you may avail good amounts of pecuniary benefits.
Factual figures of Maruti Suzuki India Ltd
Share price- Rs 8597.04
Dividend yield- 0.53 per cent
Market cap- Rs 258,187 crores
Price to Earnings Ratio- 81.83
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Hero electric
It is a sapling entity of Hero MotoCorp Company and it is the ruling king of the two-wheeler automobile industry of India. This is one of the trending Electric Vehicle Stocks in India.
It has also generated faith in itself from the Indian customers by launching photons, atria, flash, and much more like that. They are available in the Indian two-wheeler market namely LX and HX segments. Hero Electric has won the reliability of its customers by launching and selling plenty of affordable vehicles and giving an extraordinary performance. Hence, the future of both the company and its investors and stockholders are seeming to be super-bright.
Factual figures of Hero electric
Market cap- Rs 48,145 crores
P/B ratio- 3.04
Dividend yield- 4.43%
P/E of the industry- 14.67
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Tata motors limited
It is one of the most prominent automotive manufacturers in India, having Ratan tata as its chairman. It took part in the electrical vehicles by the launch of its latest TATA NEXON EV.
They have introduced a new technology named ZIPTRON, which is so much effective that it uses a regenerative braking system to charge the EV’s battery while driving.
To date, they have launched 3 and the most popular electric cars of today’s era, namely the Tigor EV, Nano EV, and Tiago electric car. Due to its new and farsightedness-based policy and innovation in the research and development department, it is all set to boom the corporate world with its massive success, according to some stock market experts. This is surely one of the most reliable Electric Vehicle Stocks in India.
Factual figures of Tata motors limited
Market cap- Rs 167,674 crores
Dividend yield- 0.00 per cent
Price to earnings ratio- 94.95
Share price- Rs 505
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Olectra Greentech Limited
Olectra Greentech has partnered with world-famous bus manufacturer, BYD to excel up the production of electric buses in India to approximately 5000 vehicles a year. To date, they have launched nearly 200 BYD olectra buses, running and ruling the Indian roads and market respectively.
They are focusing more on the establishment of their electric vehicle manufacturing plants and units throughout the country, but the main focus is the metropolitan cities. Hence, you may invest your valuable savings here and a healthy outcome is heartedly expected. This is one of the best Electric Vehicle Stocks in India.
Factual figures of Olectra Greentech Limited
Market cap- Rs 7,140 crores
Dividend yield- 0.00 per cent
Price to earnings ratio- 65.50
Share price- Rs 874.75
That’s all for today, we have provided you with five doors, where you may try your luck by knocking on some of them or all of them.
#CAUTION
The factual figures are taken from reliable sources across the internet, but these figures are subject to change day-by-day by the companies so please refer to the official data while investing as it is not a sure-shot guarantee that the data we have mentioned here will remain as it is forever, so please be aware of all the fundamentals and do check and rely on official sources only.
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