With PM Modi’s vision of making every Indian car electric by 2030, stocks of automakers and ancillary companies which produce electric parts or vehicles are likely to take off
There are so many companies involved in Electric Vehicles so, we divide it into 5 parts:
- Electric Car Producing Companies : Part – 1
- Lithium-ion Batteries Maker Companies : Part – 2
- Charging Station Maker Companies.: Part – 3
- Companies Involved in R & D of Electric Vehicle : Part – 4
- Raw Material Extracting Companies : Part – 5
1) BHEL and ISRO
- Bharat Heavy Electricals Ltd (BHEL) reached an MOU with the Indian Space and Research Organization (ISRO).
- BHEL is going to investment of Rs 100 crore.
2) Exide Industries
- Exide Industries and Sydney-based Ecoult are setting up a new lithium ion battery manufacturing plant in East India named Ultra Battery.
- Exide Industries, India’s largest manufacturer of batteries, and Leclanché announce the launch of a new joint venture to build lithium-ion batteries and energy storage solutions to power the growth of India’s electric vehicle market.
3) Amara Raja Batteries
- The Hyderabad-based company Amara Raja Batteries is ready to enter electric car batteries space.
- The company is aiming to be an Rs 10,000-crore entity in the next 2-3 years as the company clocks a solid double-digit growth.
- The company is registering a CAGR (compound annual growth rate) of around 14-15 per cent in its revenue over the past five years.
- Amara Raja Batteries Ltd., India’s second-biggest traditional battery maker by value, will build a lithium-ion assembly plant as it seeks to grab a slice of the market for electric vehicle power packs that is set to grow to $300 billion by 2030.
4) HBL Power Systems
- It is a leading battery and power systems company based in Hyderabad, India.
- The company makes batteries for the defence and industrial sectors.
5) High Energy Batteries
- High Energy Batteries Limited is an India company which manufacture batteries. The company has market cap of $609.54 million.
- The Firm operates through two divisions: AeroSpace, Naval, and Power System Batteries, and Lead Acid Storage Batteries.
6) JSW Energy
- Mumbai-based JSW Energy, part of Sajjan Jindal-led JSW Group, which wants to launch EVs by 2020, is also planning to set up a battery factory.
The Reliance, the Adani, the JSW, the Mahindra and the Hero groups of companies are in the race to set up Li-ion battery production plant in India.
One can derive numerous such insights from publicly available data and make smart investment decisions for a better future.