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6 EV Manufacturers Stock To Keep In Watchlist In 2022 – Goodreturns

Future is EV! 2021 was a key year for the EV sector as multiple developments happened and promises were made this year for the growth of the sector. The governments across the globe are bidding on the growth of EVs in their respective country. India is one such country that has a promising EV growth strategy in the country. The government of India is heavily investing and focused on the development of EVs along with charging stations across the country. By 2030, Nitin Gadkari, the Union Minister for Road Transport and Highways, has stated that the government aims for 30% electric vehicle market penetration for private automobiles, 70% for commercial vehicles, and 80% for two- and three-wheelers.
Having said that, the future is EV! The coming year seems a great year as many developments have been made and promised in 2022. The EV sales are increasing rapidly. Charging states are being developed. EV manufacturers are bidding high on Evs and setting up manufacturing plans. Below are 6 EV manufacturers that are bidding high on establishing manufacturing and have future plans for the EV sector.

Hero MotorCorp

Hero MotorCorp

Hero MotorCorp is India’s largest 2-wheeler manufacturer. The company is also aggressively betting on the 2 wheeler space and has plans to enter the electric car market in March 2022 with the introduction of its first electric vehicle. The company believes that 2 wheelers will lead the EV revolutions in India. The company’s first-ever electric vehicle will be built at its facility in Chittoor, Andhra Pradesh, in southern India. Currently, the company has 6 manufacturing plants in India, and 1 each in Columbia and Bangladesh. The company is not only focusing on manufacturing EV in 202 but also investing heavily in EV startups such as Ather, a Bangalore-based EV manufacturer.

Hero MotorCorp Stock Result

*as on 31 December 2021

(in Cr.) 01/09/21 01/06/21 FY20-21
Revenue 8453.4 5487.07 30800.62
Net Profit 794.4 365.44 2964.2
EPS 39.76 18.29 148.39

 Source – BSE

 

TVS Motors
 

TVS Motors

TVS Motors is India’s one of the biggest 2-wheeler manufacturers. The company has also planned to expand its EV offering. The company has already launched its first 2 wheeler as TVS iQube in 2020 in selected cities, however, the company will expand it to other cities of India by March 2022. Talking about plans, on 15th December 2021, the company in partnerships with BMW Motorrad announced the expansion of their cooperation agreement for future technologies and EVs. The company is also focusing on enhancing its EV technology and increasing EVs range. 2022 would be a promising year ahead a the company is focused on expanding its reach across the country.

TVS Motors Stock Result

*as on 31 December 2021

(in Cr.) 01/09/21 01/06/21 FY20-21
Revenue 5619.41 3934.36 16750.54
Net Profit 277.6 53.15 612.04
EPS 5.84 1.12 12.88

Source – BSE

Tata Motors

Tata Motors

Tata Motors is a leading manufacturer that is also the front runner in the EV segment in India. It’s passenger EV segment, passenger EV sales saw a jump of 324% in November 2021. Talking about the offerings, the company has a wide range of vehicles in its portfolio for its customers. The company is said to be a global leader in the EV segment due to its immense reach. Recently, the company had announced its plan to introduce EV Land Rover, a subsidiary of Tata Motors. The company will invest around INR 15,000 Cr in near future on the development of the EV and expanding their market reach.

Tata Motors Stock Result

*as on 31 December 2021

(in Cr.) 01/09/21 01/06/21 FY20-21
Revenue 10996.02 11904.19 47031.47
Net Profit -659.33 -1320.74 -2395.44
EPS -1.5 -3.45 -6.59

Source – BSE

Olectra Greentech

Olectra Greentech

Olectra Greentech, a subsidiary of Megha Engineering and Infrastructures Ltd, built their buses with technical assistance from BYD, China’s leading electric vehicle manufacturer. Currently, the business has orders for 2,000 electric buses for Rs 3,000-3,500 crore, which it aims to deliver in the next 12-18 months. It is a pioneer in the electric bus segment and is a market leader with a 35-40% market share. On the outskirts of Hyderabad, the company is constructing the country’s largest electric bus plant, with a capacity of 10,000 units, in order to capture a bigger portion of the government’s greener mobility incentives. The company plans to capture the EV market of the country.

Olectra Greentech Stock Result

*as on 31 December 2021

(in Cr.) 01/09/21 01/06/21 FY20-21
Revenue 69.06 41.15 277.22
Net Profit 3.71 2.03 12.21
EPS 0.45 0.25 1.49

Source – BSE

Mahindra and Mahindra

Mahindra and Mahindra

 Mahindra and Mahindra or simply Mahindra is a major commercial and passenger vehicle manufacturer of India that focuses on developing strong vehicles for the customers. The company is already working in the EV sector and introduced several EVs in the Indian EV auto market. The company is planning to invest heavily in the EV segment in the next 3 years. Also, the company is expected EV to account for 20% of its total sales by 2027.

Mahindra and Mahindra Stock Result

*as on 31 December 2021

(in Cr.) 01/09/21 01/06/21 FY20-21
Revenue 13305.37 11762.78 45040.98
Net Profit 1431.73 855.61 268.66
EPS 11.98 7.16 2.25

Source – BSE

Ashok Leyland

Ashok Leyland

Ashok Layland is another vehicle manufacturer in India that is planning to invest heavily in the EV sector. The company is a market leader in the commercial vehicle segment in India. The company’s EV push will be through its UK subsidiary. Switch mobility, a business that develops next-generation electric buses and an LCV company. Switch Mobility has announced strategic actions to accelerate its path toward net-zero carbon mobility. However, the parent company is also working closely to introduce e-LCV in the market. The company is focusing on the development of EVs in the commercial vehicle segment.

Ashok Leyland Stock Result

*as on 31 December 2021

(in Cr.) 01/09/21 01/06/21 FY20-21
Revenue 4457.85 2950.99 15301.45
Net Profit -83.01 -282.29 -313.68
EPS -0.28 -0.96 -1.07

Source – BSE

Hero MotorCorp is India’s largest 2-wheeler manufacturer. The company is also aggressively betting on the 2 wheeler space and has plans to enter the electric car market in March 2022 with the introduction of its first electric vehicle. The company believes that 2 wheelers will lead the EV revolutions in India. The company’s first-ever electric vehicle will be built at its facility in Chittoor, Andhra Pradesh, in southern India. Currently, the company has 6 manufacturing plants in India, and 1 each in Columbia and Bangladesh. The company is not only focusing on manufacturing EV in 202 but also investing heavily in EV startups such as Ather, a Bangalore-based EV manufacturer.
*as on 31 December 2021
 Source – BSE
 
TVS Motors is India’s one of the biggest 2-wheeler manufacturers. The company has also planned to expand its EV offering. The company has already launched its first 2 wheeler as TVS iQube in 2020 in selected cities, however, the company will expand it to other cities of India by March 2022. Talking about plans, on 15th December 2021, the company in partnerships with BMW Motorrad announced the expansion of their cooperation agreement for future technologies and EVs. The company is also focusing on enhancing its EV technology and increasing EVs range. 2022 would be a promising year ahead a the company is focused on expanding its reach across the country.
*as on 31 December 2021
Source – BSE
Tata Motors is a leading manufacturer that is also the front runner in the EV segment in India. It’s passenger EV segment, passenger EV sales saw a jump of 324% in November 2021. Talking about the offerings, the company has a wide range of vehicles in its portfolio for its customers. The company is said to be a global leader in the EV segment due to its immense reach. Recently, the company had announced its plan to introduce EV Land Rover, a subsidiary of Tata Motors. The company will invest around INR 15,000 Cr in near future on the development of the EV and expanding their market reach.
*as on 31 December 2021
Source – BSE
Olectra Greentech, a subsidiary of Megha Engineering and Infrastructures Ltd, built their buses with technical assistance from BYD, China’s leading electric vehicle manufacturer. Currently, the business has orders for 2,000 electric buses for Rs 3,000-3,500 crore, which it aims to deliver in the next 12-18 months. It is a pioneer in the electric bus segment and is a market leader with a 35-40% market share. On the outskirts of Hyderabad, the company is constructing the country’s largest electric bus plant, with a capacity of 10,000 units, in order to capture a bigger portion of the government’s greener mobility incentives. The company plans to capture the EV market of the country.
*as on 31 December 2021
Source – BSE
 Mahindra and Mahindra or simply Mahindra is a major commercial and passenger vehicle manufacturer of India that focuses on developing strong vehicles for the customers. The company is already working in the EV sector and introduced several EVs in the Indian EV auto market. The company is planning to invest heavily in the EV segment in the next 3 years. Also, the company is expected EV to account for 20% of its total sales by 2027.
*as on 31 December 2021
Source – BSE
Ashok Layland is another vehicle manufacturer in India that is planning to invest heavily in the EV sector. The company is a market leader in the commercial vehicle segment in India. The company’s EV push will be through its UK subsidiary. Switch mobility, a business that develops next-generation electric buses and an LCV company. Switch Mobility has announced strategic actions to accelerate its path toward net-zero carbon mobility. However, the parent company is also working closely to introduce e-LCV in the market. The company is focusing on the development of EVs in the commercial vehicle segment.
*as on 31 December 2021
Source – BSE

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