{"id":2947,"date":"2023-01-02T21:09:44","date_gmt":"2023-01-02T15:39:44","guid":{"rendered":"https:\/\/evjoints.com\/evguide\/?p=2947"},"modified":"2024-01-12T22:02:42","modified_gmt":"2024-01-12T16:32:42","slug":"top-5-ev-industry-stocks-to-invest-in-2023","status":"publish","type":"post","link":"https:\/\/evjoints.com\/ev-guide\/top-5-ev-industry-stocks-to-invest-in-2023\/","title":{"rendered":"Top 5 EV Industry Stocks to Invest in 2023"},"content":{"rendered":"

Top equity research firms have recently pointed towards Electric Vehicle industry stocks as hot bait in the Indian stock market. In the last 1 year, EV industry related stocks have performed well even during market decline and experts say this trend will continue. <\/span>Electric vehicle<\/a> industry is a revolutionary one and EVs are expected to slowly replace conventional vehicles entirely in the long run. EV stocks have given massive returns to investors abroad and the same is likely to be repeated in India. <\/span>In January 2020, Tesla was valued at $117 billion and by the end of the year, it was worth $650 billion!<\/span><\/p>\n

When it comes to EVs, it is not just the automaker but the whole industry (component makers, EV charging companies<\/a>, battery makers and ancillary industry), that is expected to grow rapidly. Let\u2019s have a look at the 5 top EV industry stocks to look out for in 2023:<\/span><\/p>\n

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  1. <\/b> \u00a0 <\/span>Tata Motors<\/b><\/li>\n<\/ol>\n

    Tata Motors is already the leader in the Indian electric car market with a share of more than 70%. Stock analysts are bullish towards Tata Motors and believe that the company\u2019s EV strategy will drive market gains for the company as EV adoption rises in India. Recently, the company\u2019s stock jumped more than 3% a day after the Tata Tiago EV hatchback was launched.<\/span><\/p>\n

    Tata Motors will launch the Altroz EV and Punch EV in 2023.<\/span><\/p>\n

      \n
    1. <\/b> \u00a0 <\/span>Tata Power<\/b><\/li>\n<\/ol>\n

      Between October 2021 and September 2022, the Tata Power stock outperformed the benchmark BSE Sensex, growing a whopping 36% when the Sensex declined by 2.8%!<\/span><\/p>\n

      Tata Power has leveraged its first-mover advantage in the green energy sector (EV charging, solar rooftop energy, etc) and has captured significant market share. This has positively impacted the company\u2019s growth and its earnings. Recently, shares of Tata Power rose 2.21% after the company announced collaboration with real estate developer Rustomjee Group, to provide EV charging facilities across all its residential & commercial properties in and around Mumbai.<\/span><\/p>\n

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      1. <\/b> \u00a0 <\/span>Mahindra<\/b><\/li>\n<\/ol>\n

        ICICI Securities is bullish on Mahindra\u2019s product portfolio expansion and firm commitment towards the EV sector.<\/span>Mahindra announced its plans of developing and launching 5 new electric SUVs on Independence Day and the company\u2019s shares jumped 3% the next day.<\/span><\/p>\n

        Mahindra is expecting good numbers from its electric SUV \u2018XUV400\u2019 in 2023.<\/span><\/p>\n

          \n
        1. <\/b> \u00a0 <\/span>Greaves Cotton<\/b><\/li>\n<\/ol>\n

          Greaves Cotton is in the electric two-wheeler business under the brand name \u2018Ampere\u2019. Recently, Greaves Cotton stock rose by 1.6% after the company announced the unveiling of 5 new EVs at the upcoming Auto Expo 2023. The company also announced a partnership with Flipkart to supply EVs for last-mile delivery.<\/span><\/p>\n

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          1. <\/b> \u00a0 <\/span>Sona BLW Precision (Sona Comstar)<\/b><\/li>\n<\/ol>\n

            Analysts at Kotak Securities expect the EV vertical in Sona BLW\u2019s portfolio will drive the company\u2019s bull run in near future. The company has 7 major customers in the electric car market and 6 major customers in the electric two-wheeler<\/a> market. Sona BLW supplies essential electric components to these companies. The company currently has a 15-20% market share in the electric two-wheeler segment. Recently, the Gurugram-based company announced an investment of Rs 1000 crore for setting up new production facilities to make components exclusively for the EV industry. Supplies to the EV segment make up 68% of the company\u2019s net order book.<\/span><\/p>\n

            \"Top
            Top 5 EV industry stocks<\/figcaption><\/figure>\n

            \u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

            Top equity research firms have recently pointed towards Electric Vehicle industry stocks as hot bait in the Indian stock market. In the last 1 year, EV industry related stocks have performed well even during market decline and experts say this trend will continue. Electric vehicle industry is a revolutionary one and EVs are expected to […]<\/p>\n","protected":false},"author":5,"featured_media":3050,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[358],"tags":[],"class_list":["post-2947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electric-vehicle-industry"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/evjoints.com\/ev-guide\/wp-content\/uploads\/2023\/01\/9-2.png","_links":{"self":[{"href":"https:\/\/evjoints.com\/ev-guide\/wp-json\/wp\/v2\/posts\/2947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/evjoints.com\/ev-guide\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/evjoints.com\/ev-guide\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/evjoints.com\/ev-guide\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/evjoints.com\/ev-guide\/wp-json\/wp\/v2\/comments?post=2947"}],"version-history":[{"count":5,"href":"https:\/\/evjoints.com\/ev-guide\/wp-json\/wp\/v2\/posts\/2947\/revisions"}],"predecessor-version":[{"id":3254,"href":"https:\/\/evjoints.com\/ev-guide\/wp-json\/wp\/v2\/posts\/2947\/revisions\/3254"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/evjoints.com\/ev-guide\/wp-json\/wp\/v2\/media\/3050"}],"wp:attachment":[{"href":"https:\/\/evjoints.com\/ev-guide\/wp-json\/wp\/v2\/media?parent=2947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/evjoints.com\/ev-guide\/wp-json\/wp\/v2\/categories?post=2947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/evjoints.com\/ev-guide\/wp-json\/wp\/v2\/tags?post=2947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}