Uncategorized

Indian EV Industry & Related Stocks

The Indian EV industry is considered to be one of the largest sectors in India experiencing continuous growth alongside rapidly increasing technological advancements. EV stands for Electric Vehicles, and they are in big demand by customers due to environmental concerns and rising petrol and diesel prices.

However, it is important to note that the EV industry is not just about the automotive industry, but it also constitutes companies that are involved in the manufacturing and distribution of parts and materials for electric vehicles.

It is expected that the Indian EV industry will reach a $206 billion valuation by 2030 and the Government of India is pushing towards that target in order to preserve the environment, improve climatic conditions, and reduce its dependence on crude oil imports.

With the current valuation being over $5 billion, the Government is looking to increase investments in vehicle production by $180 billion to meet that target by 2030, with a CAGR of 30%, during the same period. Being the fifth-largest industry in the world, the Indian automotive sector is slated to become the third-largest by 2030 as well.

Taking all factors into account, the Government has also stated that India will achieve 100% electrification by 2030. This puts India in a good financial position as they won’t have to spend too much on importing fuel and can properly harness the domestic fuel production as well the renewable resources available. This will also help save costs for the Government as well as automotive companies, and the surplus funds or disposable income can be used for economic development.

The Impact of Covid-19 on EV Industry

The EV industry underwent problems that are no different compared to other sectors. Automobile companies took a big hit due to declining sales. This is just an after-effect made even worse, as the EV sector was already battling against the BS-VI emission norms deadline, which couldn’t be met due to the increasing number of cases and when the nationwide lockdown was imposed. Manufacturing was halted, and finally putting all together, the EV industry suffered an approximate loss of Rs. 2,300 crore per day.

Apart from automotive companies, there are also other companies that support the automotive industry, that indulge in the process of manufacturing different metals and parts for automobiles. The most well-known and primary companies engaging in that are listed under.

Hero MotoCorp Limited

Hero MotoCorp Ltd. (formerly known as Hero Honda) is an Indian multinational motorcycle and scooter manufacturing company, which is a part of Hero Motors Company. It is known to be the largest two-wheeler manufacturer in the world in terms of unit volume sales, and in India, the company has a market share of around 37.1% in the two-wheeler industry.

The company first started out as a joint venture between Hero Cycles of India and Honda, which is of Japan. Hero MotoCorp will be officially entering the electric vehicle segment in 2022, and they are in the process of developing their first electric two-wheeler. This is being achieved by the company’s partnership with Taiwan-based Gogoro Inc, to bring its battery swapping platform to India.

Stock Details

Hero MotoCorp Ltd. has a market cap of Rs. 57,763.45 crores with annual revenue of Rs. 29,984.5 crores and total equity of Rs. 14,546.89 crore as of FY 2020. When we look at the share details of the company dated June 18th, 2021, the Last Traded Price (LTP) on BSE went down 0.8% to Rs. 2,892.3 per share and the LTP went down 0.8% to Rs. 2,891.4 per share on NSE.

The total volume of shares traded was around 1.0 million.

Ashok Leyland Limited

Ashok Leyland Ltd. (Formerly known as Ashok Motors) is an Indian multinational automobile manufacturing company, which is a part of the Hinduja Group. The company is the second-largest manufacturer of commercial vehicles in India, the third-largest manufacturer of buses in the world, and the tenth-largest manufacturer of trucks.

Ashok Leyland is the flagship company of Hinduja Group and has established a global presence with manufacturing facilities and operations in India, UAE, as well as the UK. The company tied up with Sun Mobility to enhance its expertise in the vehicle domain and on June 14th, 2021, a subsidiary of Ashok Leyland known as Switch Mobility (UK), acquired electric vehicle maker, Switch Mobility Automotive, India.

Through this acquisition, Ashok Leyland would be focusing on the manufacture of electric vehicles. At present, the company has launched three electric bus variants like the HYBUS, Circuit, Electric Euro 6 Truck, and also announced the iBUS.

Stock Details

Ashok Leyland Ltd. has a market cap of Rs. 34,184.22 crores with annual revenue of Rs. 22,059.1 crores and total equity of Rs. 8,895.89 crore as of FY 2020. When we look at the share details of the company dated June 18th, 2021, the Last Traded Price (LTP) on BSE went down 3.9% to Rs. 116.5 per share and the LTP went down 3.9% to Rs. 116.5 per share on NSE. The total volume of shares traded was around 43.9 million.

Mahindra & Mahindra Limited

Mahindra & Mahindra Ltd. (formerly known as Muhammad & Mahindra) is an Indian multinational automobile manufacturing company, which is a part of the Mahindra Group. The company is one of the largest vehicle manufacturers in terms of production, and the largest tractor manufacturer in the world. On the electric vehicles front, Mahindra is the pioneer and also the first electric vehicle manufacturer in India ever since they launched Mahindra Reva in 2001.

Mahindra Reva was India’s first-ever electric car and the company is still expanding on EV production through the set-up of more R&D centers spread across the country. Other EV models of Mahindra include Mahindra E20 and eVerito. Apart from electric vehicles, the company has also been collaborating with other companies to manufacture battery packs to help boost EV charging.

Stock Details

Mahindra & Mahindra Ltd. has a market cap of Rs. 97,161.71 crores with annual revenue of Rs. 96,241.7 crores and total equity of Rs. 47,661.05 crore as of FY 2020. When we look at the share details of the company dated June 18th, 2021, the Last Traded Price (LTP) on BSE went down 2.9% to Rs. 781.9 per share and the LTP went down 3.0% to Rs. 781.6 per share on NSE. The total volume of shares traded was around 5.9 million.

Tata Motors Limited

Tata Motors Ltd. is an Indian multinational automobile manufacturing company, which is a part of Tata Group. The company was formerly known as Tata Engineering and Locomotive Company (TELCO), which primarily dealt with the production of locomotives. As of now, the company manufactures passenger cars, trucks, vans, buses, sports cars, construction equipment, and military vehicles. Its associate companies include Land Rover, Jaguar, and Tata Daewoo.

On the electric vehicle segment, Tata Motors is a new player in the EV market. Through their industrial joint venture with Fiat, the company has been able to utilize plenty of resources from around the world and is looking to develop sustainable auto technologies. Also, in collaboration with their subsidiary, Tata Motors European Technical Centre (TMETC), and with their R&D centers in India, the UK, Italy, and Korea, Tata Motors is looking to become a market leader in the EV industry.

In the 4-wheeler category, the company offers four different EV variants and they are the Nexon EV, Tigor EV, Nano EV, and Tiago EV. In the bus category, the company is expecting to meet their demand of 400,000 buses from State Transport Unions in the long run.

Stock Details

Tata Motors Ltd. has a market cap of Rs. 1,12,027 crores with annual revenue of Rs. 2,64,041 crores and total equity of Rs. 63,892.09 crore as of FY 2020. When we look at the share details of the company dated June 18th, 2021, the Last Traded Price (LTP) on BSE went down 2.3% to Rs. 337.6 per share and the LTP went down 2.4% to Rs. 337.4 per share on NSE. The total volume of shares traded was around 51.7 million.

What Is The Metaverse And Where Does India Stand!

By Trade Brains Portal:

We all went through the Covid-19 lockdown and isolation protocols, which had unintended consequences for many people’s mental health. Human engagement in person became a thing of the past for a few months. For many people, phone calls and messages were their only means of communicating with others.

Jobs became aggravating because they required meeting coworkers in the same area in most circumstances. The hybrid work paradigm did assist, but only somewhat, as it came with a slew of drawbacks!

The social media giant Meta is one firm that has risen to the occasion. We’ll look at what the metaverse is, what we can do with it, and everything in between in this post. Continue reading to learn more.

What Is The Metaverse?

To put it another way, the metaverse is internet 2.0. In fact, it’s like a parallel universe within our own, where we may play outdoor games at home, travel without a car, go to school, purchase land, make money, be at work while at home, and even outlive our parents!

The metaverse is an immersive experience that immerses a person in a more engaging augmented reality. It is an online environment that can be constructed according to a person’s ideas, and it uses the internet, augmented reality (AR), and virtual reality to do this (VR). Many of us assumed it would take a couple of decades for anything like this to emerge, yet it has already done so!

Does The Metaverse Already Exist?

This may seem too good to be true, but if you’ve ever played motion games, seen 3D or 4D movies, or utilized virtual reality equipment, you’ll understand. Although the metaverse does not exist, games come the closest to providing a metaverse-like experience.

Today’s social networking applications allow us to communicate, phone, and submit photographs and videos. The metaverse hopes to take this to the next level, where people’s avatars will meet in chat rooms and the experience will become more genuine by the day.

In Closing

Although the metaverse has not yet been created, there are some Metaverse-like experiences. It is the internet’s next big thing. How we use it will determine its influence on our lives. There may be bugs in the beginning, just as there are with previous technologies, but things will improve.

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button