The Electric Vehicle is a Revolution and it is about to accelerate in India. Companies Involved in Extraction of Raw Material in India will give multibaggers return in the long run.
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Why we choose Electric Vehicle Stocks In India India or Future of Electric Vehicles
- The Government of India is fully dedicated to make India a 30% EV nation by 2030 that led to a sharp rally in the stock of companies with exposure to EVs.
- Electric vehicles (Cars, Buses) will be the future of our country because very soon the running cost of the vehicle could be around 20 to 30 paise per km and can attain a speed of 40-50 km per hour.
- Its cost will be so much less that people will soon shift from petrol/diesel vehicles to electric vehicles.
- The most important thing is that the Electric Vehicles could create $300 Billion Domestic Battery Market by 2030.
- One more thing you have to notice is that the government had launched the FAME INDIA scheme in 2015 offering incentives on electric and hybrid vehicles of up to Rs 29,000 for bikes and Rs 1.38 lakh for cars.
- The NDA 2.0 government in Budget 2019 lower the GST rate on electric vehicles(EV) from 12% to 5%.
- In addition, there will be an Income Tax Deduction of Rs. 1.5 lakh on the interest paid on the loans taken to purchase electric vehicles.
- So if you want a 30-40% compound annual growth rate (CAGR) then you have to consider this sector and must add electric Vehicles stocks into your portfolio.
There are so many companies involved in Electric Vehicles so, we divide it into 5 parts:
- Electric Vehicle Producing Companies: Part – 1
- Lithium-ion Battery Manufacturers in India: Part – 2
- Electric Vehicle Charging Stations in India: Part – 3
- Companies Involved in R & D of Electric Vehicle: Part – 4
- Raw Material Extracting Companies: Part – 5
Companies Involved in Extracting Raw Material
1) Hindustan Copper
Hindustan Copper involves in the mining of Copper and Nickel. Copper & Nickel are a very important material for making lithium batteries.
2) MOIL
MOIL is the supplier of manganese. It is one of the important material to make aluminium, steel.
3) Graphite India
Graphite India Limited (GIL) is the pioneer in India for the manufacture of Graphite Electrodes. It also manufactures Carbon and Graphite Speciality products.
4) Hindalco
Hindalco is gaining confidence from rising demand in the automobile sector. They are gradually switching to aluminium and steel to make vehicles lighter.
5) Vedanta
In future, these stocks have massive potential.
Aluminium is lightweight and it is used to make the car’s body.
6) National Aluminium Company Limited (NALCO)
Stocks have the potential to show upside.
Aluminium is lightweight and it is used to make the car’s body.
7) Rain Industries
Rain Industries involves in Mining of carbon. Many electrical accessories for EVs made using Carbon.
8) Himadri Speciality Chemical
Himadri’s advance carbon finds applications in the manufacture of lithium-ion batteries. It is used across portable electronic devices as well as hybrid and electric vehicles.
The demand for advanced carbon has been growing at a CAGR of close to 35 percent.
HSC is the largest Indian coal tar pitch (CTP) manufacturer.
Click Here to visit Portfolio Distribution of Electric Vehicle
