Best Stocks To Buy In 2022? Top Electric Vehicle Stocks To Watch

Stocks to Invest:

Exide Industries (Batteries) CMP: Rs. 165.15

Amara Raja Batteries (Batteries) CMP: Rs. 618.80

Grindwell Norton (Silicon Carbide Manufacturer-useful in semiconductor chips) (Auto Parts) CMP: Rs. 1891.45

Carborundum Universal (Silicon Carbide Manufacturer) CMP: Rs. 939.00

Greaves Cotton (Industrial Machinery & Original Equipment Manufacturer) CMP: Rs. 137.05

Endurance Technologies (Auto Parts) CMP: Rs. 1661.80

Minda Industries (Auto Parts) CMP: Rs. 1215.40

Motherson Sumi Systems (Auto Parts) CMP: Rs. 215.10

Tata Elxsi (Software Services & Design) CMP: Rs. 5814.15

KPIT Technologies (IT Services & Consultancy) CMP: Rs. 597.65

ABB Power Products and Systems or Hitachi Energy India Ltd. (Original Equipment Manufacturer) CMP: Rs. 2556.50

ABB India (Infrastructure) CMP: Rs. 2235.40

Siemens (Infrastructure) CMP: Rs. 2354.65

Tata Power (Infrastructure) CMP: Rs. 218.35

Castrol India (Original Equipment Manufacturer) CMP: Rs. 121.95

Sona BLW Precision Forgings (Original Equipment Manufacturer) CMP: Rs. 723.15

Exide Industries Company’s Website: https://www.exideindustries.com

Exide Industries Limited is an Indian multinational storage battery manufacturer and life insurance company, headquartered in Kolkata. It is the largest manufacturer of automotive and industrial lead-acid batteries in India and fourth largest in the world. It has plants in India and Sri Lanka and dealership network in 46 countries spanning across 5 continents. Exide also has four major lead-acid battery recycling facilities — two of which are in the United States, and Spain and Portugal each have one as well. The company claims that 99 percent of lead processed through these facilities is recycled. Exide is the only company which provide submarine batteries to Indian Navy.

India’s largest battery manufacturer Exide is bringing us new-age battery powered e-rickshaw vehicles. Offering the brand assurance of quality and performance, Exide e-rickshaw vehicles can result in better savings and comes loaded with new features (Image: Exide Neo).

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Amararaja Batteries Company’s Website: https://www.amararaja.com

Amara Raja Batteries Limited (ARBL) is the technology leader and one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry.

The Company is a leading manufacturer of automotive batteries and home UPS/Inverter batteries under the brands Amaron® and PowerZoneTM, which are distributed through pan-India sales & service retail network. ARBL supplies automotive batteries under OE relationships to Ford India, Honda, Hyundai, Mahindra & Mahindra, Maruti Suzuki, Ashok Leyland, and Tata Motors, Honda Motorcycles & Scooters India Private Ltd, Royal Enfield, Bajaj Auto Ltd among others. ARBL is also the leading private label supplier for prominent brands.

In India, ARBL is the preferred supplier to major telecom service providers, telecom equipment manufacturers, the UPS sector (OEM & Replacement), Indian Railways and to the Power, Oil & Gas, Motive among other industry segments. Amara Raja’s Industrial Battery Division comprises of brands such as PowerStack®, Amaron VoltTM, Amaron SleekTM, Amaron VoltTM Amaron BruteTM and Amaron Quanta®.

The Company’s products are exported to most of the countries in the Indian Ocean Rim.

After Market

Private Label Batteries

Industrial UPS

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Grindwell Norton Company’s Website:https://www.grindwellnorton.co.in

Grindwell Norton (GNO), a company listed on the Bombay and National Stock Exchanges, pioneered the manufacture of grinding wheels in India in 1941. In 1990, Saint-Gobain acquired Norton Company, USA, worldwide and thereby became a shareholder in GNO. In 1996, Saint-Gobain increased its equity stake, making GNO its first majority-owned subsidiary in India. Today, GNO’s businesses include: Abrasives, Ceramic Materials Businesses (Silicon Carbide and Performance Ceramics & Refractories), Performance Plastics and ADFORS. The Saint-Gobain Country Head office, INDEC (the captive India IT Development Centre for the Saint-Gobain Group globally) and CertainTeed are also part of GNO. GNO’s subsidiary, Saint-Gobain Ceramic Materials Bhutan Pvt. Ltd., manufactures Silicon Carbide. The Group currently holds 51.66% of the equity capital of GNO.

Grindwell Norton Ltd. (GNO) today is a major supplier of Silicon Carbide (SiC) to all leading Abrasives, Refractory and Metallurgy manufacturers in India. It has also developed new avenues and applications in highly specialized sectors such as Ceramic Foam Filters, Anti-Slip Flooring, Break liner application. GNO is a market leader of Silicon Carbide in India and also has significant presence in overseas markets like Europe, South East Asia, South Korea & South Africa. GNO and its subsidiary, Saint-Gobain Ceramic Materials Bhutan Pvt. Ltd., have two fully integrated manufacturing plants (in-house Furnace plants as well as Sizing plants) with over 20,000 tons of annual capacity. All the SiC products are manufactured in accordance with international standards (for instance, the FEPA or JIS standards) or customized to fulfill specific customer demands.

In a recent development, all global EV players started shifting from Silicon, to Silicon carbide. Semiconductors made of silicon carbide (SiC) process electricity more efficiently than traditional semiconductors in some important applications. Therefore, the new technology is of particular interest for electric car manufacturers: thanks to SiC semiconductors, improved battery control helps save energy—greatly increasing the range of electric cars. SiC-based semiconductors also enable faster recharging.

Silicon Carbide

Manufacturing Plants:  Near Tirupati, in Andhra Pradesh and near Phuentsholing, in Bhutan

Both sites certified under ISO 9001, OHSAS 18001 & ISO 14001

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Carborundum Universal Limited Company’s Website:https://www.cumi-murugappa.com

CUMI was founded in 1954 as a tripartite collaboration between the Murugappa Group, The Carborundum Co., USA and the Universal Grinding Wheel Co. Ltd., U.K.

The company pioneered the manufacture of Coated Abrasives and Bonded Abrasives in India in addition to the manufacture of Super Refractories, Electro Minerals, Industrial Ceramics and Ceramic Fibres. Today the company’s range of over 20,000 different varieties of abrasives, refractory products and electro-minerals are manufactured in ten locations across various parts of the country.

With state-of-the art facilities and strategic alliances with global partners, CUMI has achieved a reputation for quality and innovation.CUMI is one of the five manufacturers in the world with fully integrated operations that include mining, fusioning, wind and hydro power stations, manufacturing, marketing and distribution.

Almost all of CUMI’s ten manufacturing facilities have received the ISO 9001:2008 accreditation for quality standards. A well-connected marketing and distribution network of offices and warehouses in India and abroad, ensure that service to customers is given prime importance.

CUMI’s constant innovation and product upgradation, through in-house R&D and strategic alliances with global leaders in grinding technology, have not only ensured it market leadership in India and abroad, but also international recognition as a manufacturer of quality abrasives and a provider of total grinding solutions.

CUMI’s products are being exported to 43 countries spread across North America, Europe, Australia, South Africa and Asia.

In a recent development, all global EV players started shifting from Silicon, to Silicon carbide. Semiconductors made of silicon carbide (SiC) process electricity more efficiently than traditional semiconductors in some important applications. Therefore, the new technology is of particular interest for electric car manufacturers: thanks to SiC semiconductors, improved battery control helps save energy—greatly increasing the range of electric cars. SiC-based semiconductors also enable faster recharging.

An Abrasive is a substance which grinds, cleans, scours, abrades or removes solid material by rubbing action or by impact. Abrasives are mineral like materials available in different shapes, sizes and types according to need. Abrasive materials and Abrasive products are utilized in several end user industries such as manufacture of Machinery, Electrical & Electronic equipment, Transportation and Metal fabrication among others.

Website :www.cumiabrasives.com

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Greaves Cotton Company’s Website: https://www.greavescotton.com

Greaves Cotton Limited is a diversified engineering company and a leading manufacturer of Cleantech Powertrain Solutions(CNG, Petrol and Diesel Engines), Generator sets, Farm equipment, E-Mobility, Aftermarket spares and services. GreavesCotton is a multi-product and multi-location company with a rich legacy and brand trust of over 162 years and hasestablished itself as a key player impacting a billion lives every day. The company today manufactures world-class productsand solutions under various business units and is backed by comprehensive support from 500+ Greaves Retail Centers &6300+ smaller spare parts retail outlets across the country. In the mobility segment, the company manufactures 4 lakh plusengines annually, almost 1 engine per minute and provides low TCO mobility solutions to the majority of the population inIndia, moving more than 1 crore passengers and 5 lakh tonnes of cargo every day. Greaves Cotton augmented its cleantechnology portfolio in the last mile affordable 2W personal Mobility segment with Ampere Vehicles in 2018.

Greaves Cotton has taken the lead in providing reliable and energy-efficient electric mobility solutions for 2-wheelers through its e-mobility subsidiary “Ampere Electric Vehicles.” The Company also sells e-rickshaws through its Greaves Retail outlets.

It has sold nearly 5000 Units of its electric vehicles in the last month. It has sold over 1 Lakh vehicles by so far. It has been commencing a new EV Mega Factory in Tamil Nadu.

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Endurance Technologies Ltd Company website:https://www.endurancegroup.com

Endurance is a leading auto component manufacturer with an expanding global footprint. It is the largest Aluminum Die-Casting company in India and the largest 2 & 3-wheeler auto component manufacturer in India. It is an end-to-end supplier right from design to manufacturing – culminating into after sales service. It has built a culture of fostering innovation which manifests in its state-of-the-art R&D centers and technology-oriented solutions. It strives to deliver sustainable impact by empowering communities to attain self-reliance and by ensuring environment friendly operations.

Their primary operations involve:

Aluminium Die Casting

Suspension

Transmission

Braking Systems

Aftermarket

Passenger Vehicle Upper Cylinder Head

2-Wheeler Disc-break

Clutch Assembly 3-Wheeler

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Shock Absorber for 2-wheelers

Inverted front fork

assembly for 2-wheelers

Minda Industries Limited Company Website https://www.unominda.com

The company is engaged in the business of manufacturing of auto electrical parts and components, including auto electrical parts such as switches, lightings, batteries and blow-moulded products and ancillary services. The company designs, develops and manufactures switches for 2/3 wheelers and off-road vehicles.

Making its mark in the International Grid of Automobile Components manufacturing, UNO MINDA steers ahead as a leading Tier 1 supplier of Proprietary Automotive Solutions to Original Equipment Manufacturers (OEMs). Incepted way back in 1958 with a meagre start-up capital and now notching up a group turnover beyond US$ 1 Billion, speaks volumes of the conglomerate that it is today.

Minda Industries Product Range

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Motherson Sumi Systems limited Company website : https://www.motherson.com

Motherson Sumi Systems Limited is an Indian manufacturer and global supplier of automotive components. Established in 1986 and part of the Motherson Group, Motherson Sumi Systems is a joint venture between SamvardhanaMotherson International Ltd of India and Sumitomo Wiring Systems Ltd. of Japan.

Motherson Sumi Systems is one of the largest manufacturers of wiring harnesses for commercial vehicles and rearview mirrors for passenger cars in the world and India’s largest manufacturer of automotive wiring harnesses and mirrors for passenger cars. (WIKIPEDIA)

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Motherson Sumi Systems Limited contribution to EV segment

Tata Elxsi Company’s Website: https://www.tataelxsi.com

Tata Elxsi is among the world’s leading design and technology services providers across industries, including Automotive, Broadcast, Communications, Healthcare, and Transportation. We help customers reimagine their products and services through design thinking and the application of digital technologies such as IoT (Internet of Things), Cloud, Mobility, Virtual Reality, and Artificial Intelligence.

Tata Elxsi commenced its business on 5th May 1989 in Bangalore, the Silicon Valley of India, to develop and promote applications of electronics, embedded systems, and software. The Mission was to foster innovation in the fast-emerging IT market and accelerate the adoption of leading-edge technologies. Today, Tata Elxsi is recognized as a premium engineering service provider worldwide and amongst the leaders in the automotive, media, broadcast, communications, and healthcare industries. Tata Elxsi brings together the best technology and user-centric design expertise to help customers deliver innovative solutions and

great consumer experiences. Our integrated Design and Technology teams help enterprises reimagine their products and services – from strategy, consumer research and insights, to service and experience design, technology implementation, integration, launch, and beyond.

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KPIT Technologies Company’s Website: https://www.kpit.com

KPIT is a leading independent software development and integration partner helping mobility leapfrog towards a clean, smart, and safe future. With 7000 employees across the globe specializing in embedded software, AI, and digital solutions, KPIT accelerates clients’ implementation of next-generation technologies for the future mobility roadmap. With engineering centers in Europe, the USA, Japan, China, Thailand, and India, KPIT works with leaders in automotive and mobility and is present where the ecosystem is transforming.

It has innovative electrification technology ‘REVOLO’.

It has received a strategic large deal from BMW Group for the next generation charging electronics program.

Is also helping build PowerTrain Software Architecture for next-generation vehicles

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ABB Power Products and Systems India Ltd

APPSIL was formed following the Hitachi’s acquisition of 80.1% stake in the global power grids business of ABB Ltd in Dec, 2018 & the subsequent divestment and transfer of global power grids business unit of ABB into a new JV, Hitachi ABB Power Grids Ltd (Hitachi – 80.1% & ABB – 19.99%) which was incorporated in Feb, 2019.

ABB Power Products and Systems India Limited develops, engineers, manufactures, and sells products, systems, and projects for electricity transmission and related activities in India and internationally.

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ABB India Company’s Website: https://new.abb.com

ABB is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 110,000 talented employees in over 100 countries.

It’s parent ABB is one of the leading EV Charger-maker globally. It is known for its Terra AC Wallbox. Audi has roped In ABB for its Premium Charging Infra in India. Newly launched Audi e-tron offered with ABB’s smart Terra AC Wall Box charger along with car.

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ABB powers e-mobility with launch of first 350 kW high power car charger called ABB Terra. (Image: ABB)

Siemens Company’s Website: https://new.siemens.comn

With a focus on electrification, automation and digitalization, Siemens India stands for engineering excellence, innovation, and reliability. As one of the world’s biggest producers of energy-efficient, resource-saving technologies, Siemens is a pioneer in infrastructure and energy solutions, automation and software for industry and is a leader in medical diagnosis. Siemens also provides business-to-business financial solutions, rail automation and wind power solutions.

VersiCharge – Its new wallbox for cost-optimized charging. It has tied up with Hinduja Group’s Switch Mobility. It has also signed MoU to play key role in electric commercial vehicles segment. Siemens would provide the charging infrastructure technology.

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Tata Power Company’s Website: https://www.tatapower.com

Tata Power, formerly a part of the three entities jointly known as Tata Electric Companies, is a pioneer in technology adoption, with many firsts to its credit, supporting the country’s energy independence.

Tata Power, together with its subsidiaries & joint entities, has a generation capacity of 13,061 MW of which 32% comes from clean energy sources. The company has the distinction of being among the top private players in each sector of the value chain including solar rooftop and value-added services.

Tata Power is a pioneer credited with steering the energy sector on technology, process and platform. Powering emerging technologies for the ‘smart’ customer, Tata Power’s latest business integrated solutions, focusing on mobility and lifestyle, is poised for multi-fold growth.

Since its inception in 1915, Tata Power now has over a century of expertise in technology leadership, project execution excellence, world-class safety processes, customer care and driving green initiatives, Tata Power is committed to ‘lighting up lives’ for generations to come.

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Castrol India Company’s Website: https://www.castrol.com

Castrol India Limited is an automotive and industrial lubricant manufacturing company. Castrol India is the 2nd largest manufacturer of automotive and industrial lubricants in the Indian lubricant market. It is part of Castrol Limited UK (part of BP Group). It has 5 manufacturing plants that are networked with 270 distributors, serving over 70,000 retail outlets.

It has recently launched EV Fluid Range i.e., Castrol ON e-thermal fluid, an innovative dielectric fluid formulated specifically for direct cooling. This helps to keep the batteries cooler even in extreme conditions. Study shows this fluid allows for 41% faster charging.

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Sona BLW Precision Forgings Ltd Company’s Website: https://sonacomstar.com

SonaComstar is an Indian origin, global automotive systems & components manufacturer with 9 plants spread across India, China, Mexico, and the USA. thecompanyisoneofIndia’sleadingautomotivetechnologycompanies,designing,manufacturingandsupplyinghighlyengineered,missioncriticalautomotivesystemsandcomponentssuchasdifferentialassemblies,differentialgears,conventionalandmicro-hybridstartermotors,BSGsystems,EVtractionmotors(BLDCandPMSM)andmotorcontrolunitstoautomotiveOEMsacrossUS,Europe,IndiaandChina,acrossallvehiclecategoriessuchasconventionalpassengervehicles,commercialvehicles,off-highwayvehicles,electriccars,electriclightcommercialvehicles,andelectrictwo&threewheelers.

In a nut shell, it is a leading supplier to global EV markets. Approximately 14% Revenue is from pure battery-electric vehicles (BEVs) & around 27% Rev from Hybrid & Micro-Hybrid vehicles. It has been gaining market share competing with global peers. At present, most business comes from international market.

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Starter Motor manufactured by Sona Comstar Ltd.