The Indian Automobile market is one of the fastest growing market in the world. In the last few months, the sales of electric vehicles in the market have been steadily increasing. At present, Indian consumers are buying electric vehicles in view of rising petrol & diesel prices. So the vehicle manufacturers are announcing attractive scheme to attract more & more customers for increasing sale. As a result, the automobile manufactures are focusing on introducing & utilization of new technology, increasing productivity growth.


                 Various leading business groups of India and foreign country are scrambling to invest in this segment. Their Rapid moves tends are building now a strong position in the ecosystem of automobile sector. Indian companies from Reliance to TATA and  foreign companies from Hyundai TO Tesla searching for opportunities here. Battery manufacturing, building a infrastructure of electric charging stations, semi conductor manufacturing and its supply, electric accessories for vehicles are opportunities ahead of this segment. 

               Chairman of Reliance Industries Limited Mukesh Ambani acquires all assets of Lithium Werks leading Lithium-Iron battery manufacturer for $6.10 billion. Reliance New Energy acquires this. here is press note from Lithium Werks about this deal. 

       https://lithiumwerks.com/reliance-new-energy-limited-acquires-assets-of-lithium-werks

 Also with this Reliance New Energy Solar Ltd bought UK's battery technology compony Faradian for $135 billion. By this Reliance Industry kept strong step in storage based green energy projects.



        As per news, officially announcement coming out that TATA Motors has plans to invest Rs.15,000Cr in EV segment over next five years. In last quarter of financial year Tata Motors introduced 10 vehicle model in EV segment like nexon, punch, harrier, & altroz. Tata Nexon is most sold electric vehicle in last quarter.  



              Tata Power is largest renewable power compony in India providing energy to 11 states of India. Tata Power also completed a 1,000 EV charging station installation across cities. It collaborates with Apollo Tyres for building infrastructure of EV charging stations across the cities. Indian Hotels Compony(IHCL) South Asia's largest hospitality compony and Tata Power came together to sign solar energy Power Purchase Agreement (PPA). With this, Tata power has to set up EV charging stations at over 30 of its villas and heritage bungalows across 11 destinations for Ames Stays and Trails of Indian Hotels.



         Gurugram-based Exicom Group's Exicom Power solutions is a leading compony which is powering next generation mobility solutions by providing innovative EV charging infrastructure & Lithium-ion batteries for all segment vehicles. This group also investing Rs.200 crores to raise production capacity in next 3 years. As per press release by firm, still completed 5000 installations of EV charging stations in 4 years, expected to raise its sale trouble to over 20,000 in FY23.

          Fortunately, due to these all developments foreign investors and domestic investors are seen positive to invest in stocks related to EV segment componies listed in Indian share market. Volatile movements in these stocks will tend to strengthen the economy,

            Also Government of India providing PLI scheme for battery manufacturing industry. in Budget 2022, Central Finance Minister Nirmala Sitharaman declared battery swapping policy to help development of EV zones, With this, government encouraging for utilization of electric vehicles,

           Given these and many other developments, it is difficult to predict how far the sector will go.   Just wait and watch.