Updated: Apr 4
According to McKinsey, the electric and the connected car industry has attracted more than US$100 billion in investment since the beginning of 2020. As per calculations from the consultancy AlixPartners car makers have announced a total of Rs 24,750 billion of investment into electric, battery technology over the next five years.
There are many visible names like Hero Electric, Ather Energy,TVS, Bajaj Auto, etc to ride the EV gold rush as lead runners but they won't necessarily be the ones to strike big as most of these players have been the market leaders in their respective segments with internal combustion engine based vehicles and their contribution towards EV is in low single digits. For now, in this blog we'll focus on only 2 stocks among plenty that may be the beneficiaries of EV theme.