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EV sales are running up in India. Seven stocks to ride

In a bid to move towards cleaner energy and environment-friendly transportation, the world has been moving away from internal combustion engine (ICE)-driven vehicles to battery-driven electric vehicles (EVs). In this note, we identify companies, across the EV ecosystem, which could benefit when EV penetration starts to pick up at a faster pace

EV sales are running up in India. Seven stocks to ride

EV charging | Representative image

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Nitin Agrawal | Anubhav Sahu | Nandish Shah | Jitendra Kumar Gupta Moneycontrol Research In a bid to move towards cleaner energy and environment-friendly transportation, the world has been moving away from internal combustion engine (ICE)-driven vehicles to battery-driven electric vehicles (EVs). The progress, thus far, has been slow as EVs constitute only 3 per cent of the global passenger car sales. However, with technological advancement and reduction in costs, the penetration of EVs is expected to grow exponentially. In this note, we...

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