{"id":1543,"date":"2020-09-07T11:15:14","date_gmt":"2020-09-07T05:45:14","guid":{"rendered":"http:\/\/capitalante.com\/?p=1543"},"modified":"2020-09-07T11:16:57","modified_gmt":"2020-09-07T05:46:57","slug":"which-stocks-will-benefit-from-electric-vehicles-in-india","status":"publish","type":"post","link":"https:\/\/capitalante.com\/which-stocks-will-benefit-from-electric-vehicles-in-india\/","title":{"rendered":"Which Stocks Will Benefit From Electric Vehicles In India"},"content":{"rendered":"

According to the futuristic in the future, the mode of journey or travels will be the electric vehicle. It is\u00a0the latest technology with no pollution and less expenditure. The electric vehicles cost less as compared to the vehicles which run on petrol or diesel. Electric vehicles are lighter and easy to maintain than that of Petrol or diesel vehicles. Now we will discuss which stocks will benefit from electric vehicles in India.<\/span><\/p>\n

What is an Electric Vehicle<\/span><\/strong><\/span><\/h2>\n

Electric vehicles run on chargeable batteries. Its component parts are made of high quality of plastics or fiber to reduce the weight of the vehicle so that less energy is consumed. As a battery is needed in this kind of vehicle battery companies will witness enormous growth. So naturally, companies producing these materials will do well in business. High-quality plastics or fiber industry will get a boost.<\/span><\/p>\n

Benefits of Electric Vehicle<\/strong><\/span><\/h2>\n

The price of electric vehicles is cheaper as compared to petrol or diesel vehicles. Electric vehicles are energy efficient and consume very little electricity that can be supplied through chargeable batteries. To run an electric vehicle is much cheaper as it needs a very low quantity of electricity instead of petrol or diesel which is very costly. Obviously, people will spend a lesser amount to run this kind of vehicle. As a result of this, the sale of electric vehicles will increase. <\/span><\/p>\n

Now the government has to give a huge amount of subsidy on petrol and diesel. Electric vehicles will reduce the consumption of petrol and diesel. So the subsidy amount will fall significantly and this huge money can be spent on infrastructure development and other social programs.<\/span><\/p>\n

An electric vehicle can run up to 80 km. when its battery fully charged. Now someone who is travelling more than 80 km. may have to face difficulties. So he needs a charging station to charge the battery of his electric vehicle. In this context, the government should make an action plan of setting up a charging station after every 20kms.<\/span><\/p>\n

Which stocks will benefit from electric vehicles in India<\/strong><\/span><\/h2>\n

Various auto companies like Mahindra & Mahindra, Maruti Suzuki have launched several electric vehicles. \u00a0So investors have opportunities to gain enormous returns by investing in these kinds of companies operating in electric vehicles and making its component parts like Lithium-ion batteries.<\/span><\/p>\n

Auto Companies:<\/span> Maruti Suzuki, Mahindra & Mahindra, TVS Motors, Hero Motocorp, Bajaj Auto, Ashok Leyland.<\/span><\/p>\n

Auto Ancillary Companies:<\/span> Minda Industries, Motherson Sumi.<\/span><\/p>\n

Engineering Companies:<\/span> Graphite India, HEG.<\/span><\/p>\n

Plastic Companies:<\/span> Neelkamal Ltd.<\/span><\/p>\n

Battery:<\/span> Exide Industries, Amara Raja Batteries (Amaron), BHEL.<\/span><\/p>\n

Infrastructure companies:<\/span> ABB India, Siemens, NBCC, L & T.<\/span><\/p>\n

How to pick the best stocks<\/strong><\/span><\/h2>\n

In order to pick the best stocks for consistent returns, you should check out the following parameters of a company before investing in a stock.<\/span><\/p>\n