Indian Electric Vehicles Companies in the Stock Market
The Electric automobile company consists of Electric Vehicles manufacturers like cars, bikes, trucks, scooters, and the companies that offer other parts and services related to Electric Vehicles like batteries, Electric Vehicle Charging Stations, etc. The Electric Vehicles industry is a new and rapidly increasing industry.
Find below the Top Electric Vehicle companies in the Indian Stock market
Tata Power
Tata Power a sub of Tata Group. Deals with Electric Vehicles charging stations in India with a current count of 170 Electric Vehicles charging stations around India. Tata Power has signed an agreement with petrol pump firms like Indian Oil, Bharat Petroleum to install an electric vehicle charging station at their existing and upcoming pumps. With a market cap of Rs 3,630.95, Dividend yield of 1.47%, PE Ratio of 29.58, and Share Price of Rs 105.25.
Mahindra and Mahindra Ltd
Mahindra had made its 1st shift towards EV in the early 2000s with a launch of Mahindra Reva. Along with Electric Vehicle manufacturing Mahindra is looking forward to expanding in the Electric Vehicles batteries, which gives a great reason to invest in Mahindra. Market cap of Rs 1,06,169, Dividend yield 0.28%, PE Ratio -178.85, and Share Price of Rs 852.05.
Ashok Leyland Ltd
Ashok Leyland is a leading Indian manufacturer of Electric buses, defence vehicles, trucks, and carriers. Ashok Leyland is the first manufacturer of the electric bus with flash-charge technology. Market cap of Rs 38,587.51, Dividend yield of 0.38%, PE Ratio of -77.22, and Share Price of Rs 131.45.
Amara Raja Batteries Ltd
Amara Raja Batteries Ltd is one of the largest battery manufacturers in India. One of the tops picks for stocks in the Electric Vehicle industry. Amara Raja Batteries Ltd is also planning to connect with the Delhi government to set up several Electric Vehicle charging stations across Delhi. Market cap of Rs 15,604.58, Dividend yield of 1.20%, PE Ratio of 26.26%, and Share Price of Rs 914.20.
Graphite India Ltd
Graphite India Ltd is one of the leading and fastly developing Battery manufacturers in India and is expected to grow in the upcoming decade. Hence it is considered a great deal to invest. Market cap Rs of 15,604.58, Dividend yield 1.20%, PE Ratio 26.26, and Share Price Rs 914.20.
Himadri Specialty Chemical Ltd
Himadri Specialty Chemical Ltd, also known as HSCL, is one of the leading names in the manufacturing anodes for lithium-ion batteries. Those used in Electric Vehicles. The rising demand for anode material in batteries makes it a crucial investment opportunity in the Electric Vehicles stock market. Market cap of Rs 2,004.00, Dividend yield 21.00%, PE Ratio of -926.10, and Share Price of Rs 47.85.
Exide Industries Ltd
Exide Industries Ltd is a leading manufacturer of automobile batteries. And is a trusted manufacturing unit in India. With 73% of its batteries segment for automobiles and the rest for industrial purposes. With a market cap of Rs 17,667.25, Dividend yield of 1.98%, PE Ratio of 24.37, and Share Price of Rs 207.50.
Bottom-line
The Electric Vehicle industry is a fruitful sector to invest in with upcoming technologies and rising users. And these are the few Electric Vehicles companies that are expected to grow and give flexible returns to the stocks in the coming decade.
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