"4 EV Charging Stocks Set To Skyrocket - Power Up Your Portfolio With These 4 EV Charging Stocks"!

As India's EV auto industry is booming, these 4 EV stocks could super-charge your investments 7 portfolio for higher returns. As India’s EV market is projected to reach at ₹3,88,800 crore by 2030. Many people are adopting EV for both 2-wheeler as well as 4-wheeler due to constant revolutions happening in the EV industry. Many big automobile players like Tata Motors and Mahindra & Mahindra are investing heavily to capture a huge EV space. India's largest automaker & seller Maruti Suzuki is all set to introduce its entry in the EV market soon by launching e Vitara. However, to have a well-developed EV infrastructure, India needs many EV charging network across the country. So, how can you profit from this EV revolution? Well, we have selected promising companies for EV stock list that are set to grow too high for the next few years. Here is the list of EV stocks (charging) with CMP & 1 year return:

Let's have a brief analysis on each of them:

IOCL

It is one of India’s largest oil refining, distributing & marketing company. As people now-a-days preferring EV over traditional combustion engine vehicles, IOCL planned to enter in EV market by installing 10,000 charging stations and facilities for the next 3 years, the company has tied-up with several big brands like Hyundai, Mahindra, Ola, NTPC & Tata Power to smoothly executer & develop its charging infrastructure plan. IOCL by utilizing and channelizing latest technological trends using solar panels for energy in their charging stations. IOCL is no more depended on oil for its revenue, it has diversified itself as it produces 7 million tons of biofuels & 9 million tons of biogas. At last, the company currently have a total renewable installed capacity of over 246.9 MW and is targeti9ng to reach 31 GW by 2030.

ABB India Ltd

ABB India is a part if ABB Group which expertise in power equipment manufacturing, electrification & robotics. ABB India is a global leader in EV charging infrastructure developer & has 25 manufacturing plants in India alone. The company along with India has installed more than 14,000 DC fast chargers in 80 countries combined. The company has launched its fastest EV charger named Terra 360, which can provide 100 km of range in mere 3 minutes. The company's growth would be directly driven by latest technological advancements like IoT, automation, AI, and more in future. The company has a current order book of more than ₹13,000 crore.

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BPCL

The company is another big player in India’s oil & gas sector with more than 19,000 outlets. BPCL is also racing for EV revolution in India with its already existed 44 EV charging stations. The company has planned its expansion in EV charging sector by targeting 3,135 new EV stations to be built by FY 29. Moreover, BPCL is transforming its 7,000 outlets into energy stations with other facilities for hydrogen, flex fuels, diesel, petrol & CNG. This would help BPCL to serve customers with various types of energy & fuel needs for their vehicles.

Amara Raja Energy & Mobility Ltd

It is one of the dominating forces in India’s battery market investing heavily to beat its competitor Exide industries. The company develop EV chargers and provide related solutions along with its core business of manufacturing batteries. The company dominates the lead-acid battery sector as every 1 out of 2 batteries are of this company. The company is setting a Li-Ion battery manufacturing plant by investing ₹9,500 crore while continues to expand in international market for its lead-acid battery at the same time. The company also manufactures charges for 3 wheelers & signed a MoU with Piaggio India for supply of EV chargers for 3 wheelers. The company has also set-up a tech hub in Andhra Pradesh for research & development of li-ion battery production.

watch detailed analysis here : - Amara Raja Energy & Mobility Ltd

DISCLAIMER: we are not SEBI –registered, all the above information is for education purpose only, consult with your financial advisor or do your own research before investment.