Stock Tips: The coming era is of electric vehicles (EVs) and many governments around the world have started making guidelines regarding this. Investors can also take advantage of the increasing trend of electric vehicles.
Stock Tips: The coming era is of electric vehicles (EVs) and many governments around the world have started making guidelines regarding this. In some countries, provision has been made for the sale of only EVs till the year 2030 i.e. in the next eight years, that is, after 2030, petrol and diesel vehicles will not be sold in these countries. In India too, the central and state governments are also encouraging it through subsidies. Investors can also take advantage of the increasing trend of electric vehicles and can get great returns in the coming times due to the boom in the shares of companies like Reliance, Tata Motors and Hindalco. The trend of EVs in India is expected to increase on the back of increasing investment in EVs and government backed schemes.
According to the news of Writers, Tata Group’s auto sector giant Tata Motors had said in October 2021 last year that it would invest more than $ 200 million (Rs 14784.50 crore) in the next five years in the electric vehicle business. Tata Motors is the largest company in the country selling electric cars in the country. It currently sells EVs like the Nexon and Tigor and the company says it is set to launch 10 new electric models by 2025. The price of Tata Motors on NSE is Rs 512.55 per share.
In November 2021 last year, in a conversation with news agency ANI, Indian Oil Chairman SM Vaidya had talked about setting up about 10,000 electric vehicle charging stations across the country in the next three years. Vaidya had said that out of this, 2,000 EV charging stations would be set up within a year. The price of Indian Oil on NSE is Rs 121.50 per share.
The country’s largest company in terms of market capitalization is basically an oil-to-chemical company but it is expanding its portfolio. The company is rapidly expanding its clean energy portfolio. In the last month of December last year, the company’s solar arm Reliance New Energy Solar Limited announced the acquisition of UK-based battery maker Faradion. Faradion holds the patent for sodium ion battery technology, which is superior to other battery technologies, especially compared to lithium-ion and lead-acid technology. The biggest advantage of this technology is that it does not have to depend on cobalt, lithium, copper and graphite. The sodium used in it is the sixth most available element among the minerals present on earth. The price of Reliance is Rs 2536.25 per share on NSE.
Now the use of aluminum is increasing instead of steel in vehicles, due to which one can earn profits by investing in a company doing business of aluminum. Talking about brokerage firm Jefferies’ top metal pick, Jefferies has expressed confidence in Hindalco as analysts are positive on Novlies’ downstream business and rely more on aluminum than steel. Novelis is a 100 per cent downstream subsidiary of Hindalco, which has 55-60 per cent stake in Hindalco’s EBITDA. Hindalco’s price on NSE is Rs 506.10 per share.
According to the news of Writers, the British arm of Ashok Leyland, Switch Mobility, in November last year signed a deal to provide 300 electric buses to the Public Transport Agency of Bangalore. The company itself made the country’s first electric bus and in the coming times, the company’s business can increase with this EV buses. Ashok Leyland’s price on NSE is Rs 137.70 per share.
With the increase in the demand for electric vehicles, the demand for graphite used in its battery will also increase. According to the capacity in India, graphite manufacturing giant Graphite India has six plants in India and one plant in Numerberg, Germany. EV makers give prominence to synthetic graphite for fast charging and long life of the battery. The target of EV companies is to make batteries lasting 10 years and for this synthetic batteries are better than natural ones. The price of Graphite India on NSE is Rs 553.25 per share.