5 Best EV Stocks In India: Talking about transport, every day some new technology keeps popping up, and then we have EV Companies (Electronic Vehicle Companies), if you are looking for investing in the Best EV Stocks then today is your lucky day cause we have come up with the top 5 Best EV Stocks that you should consider before investing anywhere else.
5 Best EV Stocks In India
Watch out for these 5 EV companies, cause potentially their stocks might blow up in near future, we will give you all the information regarding these EV Stocks so that you know everything about these companies before investing.
5 Best EV Stocks In India
Indian Oil Corporation
5 Best EV Stocks: Amidst the rising prices of petrol-diesel, the country’s largest petroleum company Indian Oil Corporation has taken an important decision. The company says that 10,000 EV (Electric Vehicle) charging stations will be built in the country in the next 3 years. Out of these, the company would try to install 2000 EV charging stations in the next 1 year.
The company’s CMD SM Vaidya said this in a press conference today. He said that 10,000 EV charging stations would be opened in the country in the next 3 years. Out of this, 2000 EV stations will be set up in the next 12 months while the remaining 8,000 EV charging stations will be opened in the next two years.
About Indian Oil Corporation
5 Best EV Stocks: Indian Oil Corporation Limited (Indian Oil Corp.) is an oil marketing and distribution company. The total valuation (market value) of the company is ₹1,18,618 crore. The price of one share of the company is ₹ 126.65 in the BSE market today and ₹ 126.65 in the NSE market today. The company was established in the year 1959.
As per the report provided by the company, the total income for the last year stood at Rs 4,93,472.69 crore and the total sales stood at Rs 4,89,901.3 crore. The company’s net profit stood at Rs 1,313.23 crore. Indian Oil Corporation Limited has paid a tax of Rs -1,806.72 crore in the current year.
Power Grid Corporation of India Ltd.
5 Best EV Stocks: State-owned Power Grid Corporation of India Ltd. (PGCIL) has approved an investment of Rs 14.23 crore for an electric vehicle charging station in Navi Mumbai. Apart from this, the board has also agreed to create a new entity for the telecom and digital technology businesses.
The company’s board of directors in its meeting held on Tuesday approved the setting up of an electric vehicle charging station in Navi Mumbai under the FAME Phase-II Scheme (Scheme for Rapid Manufacturing and Adoption of Electric Vehicles). It will cost Rs 14.23 crore.
In the information sent to BSE, the company said that the charging station will be started in 12 months. While other infrastructure like kiosks and toilets will be completed in 24 months from the date of signing of the agreement between POWERGRID and Navi Mumbai Municipal Transport (NMMT).
The Board of Directors has also approved the formation of a wholly-owned subsidiary of POWERGRID for telecom and digital technology business.
About Power Grid Corporation of India Ltd.
5 Best EV Stocks: Power Grid Corporation of India Limited (Power Grid Corpn.) is a company in the electric utility sector. The total valuation (market value) of the company is ₹ 1,58,761 crore. The price of one share of the company is ₹232.60 in the BSE market today and ₹231.55 in the NSE market today. Power Grid Corporation of India Limited was established in the year 1989.
As per the report provided by the company, the total income for the last year stood at Rs 38,319.73 crore and the total sales stood at Rs 36,185.54 crore. The company’s net profit stood at Rs 10,811.18 crore. Power Grid Corporation of India Limited has paid a tax of Rs-2,475.75 crore in the current year.
Exide Industries
5 Best EV Stocks: Battery maker Exide Industries has announced its foray into manufacturing lithium-ion (Li-ion) cells. Exide through its subsidiary Exide Leclanche Energy Pvt Ltd (under the brand NexCharge) has also forayed into lithium-ion battery systems and energy solutions with joint venture partner Leclanche SA, Switzerland.
The company aims to manufacture lithium-ion batteries and provide energy storage systems for India’s electric vehicle (EV) market and grid-based applications.
Exide is one of the largest lead-acid storage battery manufacturers in the world. The company designs, manufactures, markets, and sells a wide range of Lead Acid Batteries. Batteries are manufactured for the automotive, power, telecommunications, infrastructure projects, and computer industries as well as for the railway, mining, and defense sectors. The company’s customer network is spread across 60 countries across six continents including India.
Subir Chakraborty, MD & CEO, Exide Industries, said, “We now plan to set up a multi-GW lithium-ion cell manufacturing plant and participate in a production-linked incentive scheme for advanced chemical cell manufacturing proposed by the Government of India.
In order to promote domestic manufacturing and cut down on imports, the central government has started the PLI scheme. Its objective is to incentivize companies on the product manufactured in domestic units. For this, in the Union Budget 2020-21, the government had announced a PLI scheme of Rs 1.97 lakh crore for 13 industry sectors. In this, a PLI scheme of Rs 26,000 crore has been approved for the automobile sector.
The auto industry is being encouraged to reduce Chinese import dependence, especially on electronic and semiconductor components. Explain that to make India a global leader in the electric vehicle (EV) sector, it will have to reduce its dependence on China. Central Advisory NITI Aayog CEO Amitabh Kant says that in the next two years, the prices of batteries will come down, which will reduce the cost of electric vehicles.
About Exide Industries
5 Best EV Stocks: Exide Industries Limited (Exide Inds) is a company in the auto parts and equipment sector. The total valuation (market value) of the company is ₹13,017 crore. The price of one share of the company is ₹151.50 in the BSE market today and ₹151.55 in the NSE market today. The company was established in the year 1947.
As per the report provided by the company, the total income for the last year stood at Rs 9,920.6 crore and the total sales were Rs 9,856.66 crore. The company’s net profit stood at Rs 825.51 crore. Exide Industries Limited has paid a tax of Rs-249.42 crore in the current year.
Tata Motors
5 Best EV Stocks: Tata Motors is the largest and leading automobile company in the country. Tata Motors has a huge global network.
This company has shown maximum interest in the Electric Vehicle segment. The company is trying to capture the maximum market share in the domestic market. Recently Tata Motors onboarded its 10,000th electric customer. This means that considering the huge potential of the EV segment, the company has started working accordingly. Tata Motors produces Cars, Trucks, Buses, Vans, and Heavy Cars.
The market capitalization of Tata Motors is more than one lakh crore. The company significantly reduced its loss last year, which is a sign of the company coming back on track.
Positives
- The promoters of the company have increased their stake by about 5% in the last 2 years, taking the promoter holding to 46.41%.
- This means that the promoters of the company are optimistic about the future of the company.
- The company has a strong infrastructure for the production of electric vehicles.
Negatives
- Tata Motors over ₹ 21,748.72 Cr. Has a loan. But the company’s management is confident of becoming debt-free in the next three years.
- The company’s management has told us that the company is going to have a shortage of semiconductors in the next two quarters.
- This will have a negative impact on the production capacity of the company. However, this can be an opportunity for long-term investors to buy the stock at a cheaper price.
- Tata Motors has gone through a period of recession in the last few years. Because of this, the company’s share price had gone down to only ₹ 63 in March 2020. But being at the forefront of the electric sector, Tata Motors can prove to be a good bet for investors in the coming few years.
About Tata Motors
5 Best EV Stocks: Tata Motors Limited is a company dealing in the commercial vehicle sector. The total valuation (market value) of the company is ₹ 1,56,335 crore. The price of one share of the company is ₹432.75 in the BSE market today and ₹432.85 in the NSE market today. Tata Motors Limited was established in the year 1945.
As per the report provided by the company, the total income for the last year stood at Rs 45,311.22 crore and the total sales stood at Rs 43,928.17 crore. The company’s net profit stood at Rs-7,289.63 crore. Tata Motors Limited has paid a tax of -92.54 crores in the current year.
Mahindra & Mahindra
5 Best EV Stocks: Mahindra & Mahindra Limited (Mahindra & Mahindra) is a company in the car and utility vehicle sector. The total valuation (market value) of the company is ₹1,14,622 crore. The price of one share of the company is ₹920.75 in the BSE market today and ₹921.35 in the NSE market today. Mahindra & Mahindra Limited was established in the year 1945.
As per the report provided by the company, the total income for the last year stood at Rs 47,251.49 crore and the total sales stood at Rs 45,487.78 crore. The company’s net profit stood at Rs 1,330.55 crore. Mahindra & Mahindra Ltd. has paid a tax of -1,082.34 crores in the current year.
About Mahindra & Mahindra
5 Best EV Stocks: Mahindra & Mahindra is an automaker company whose business is spread across many different sectors. Its consolidated business includes Tech Mahindra, Mahindra Logistics, and Mahindra Finance. Mahindra & Mahindra mainly manufactures passenger vehicles and tractors. The company has a market share of around 7.1% in Passenger Vehicles.
This company had brought its first electric car in 2001, which was named Mahindra Reva. This means that the company had already started focusing on the electric vehicle segment. Apart from this, the company is manufacturing 5 other electric vehicles.
Recently Mahindra & Mahindra has also set up its Research and Development Center for Electric Vehicles in Bangalore.
Presently the market cap of the company is more than one lakh crores. ₹ 7,666.81 Cr on the company. Debt of. In the recent past, the company has significantly reduced its debt.
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