Top Electric Vehicle (EV) Stocks to Buy in 2020-21 (Fundamental Analysis)

Electric Vehicle STock

Tata Elxsi

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

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KPIT Technologies

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

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

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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

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.

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

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(Image: ABB)

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

Siemens

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.

Company’s Website: https://new.siemens.com

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Tata Power

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.

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

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Castrol India

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

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Sona BLW Precision Forgings Ltd.

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.

Company’s Website: https://sonacomstar.com

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Starter Motor manufactured by Sona Comstar Ltd.

Stocks covered so far (with CMP):

Tata Elxsi (Software Services & Design) – Rs 5551

KPIT Technologies (IT Services & Consultancy) – Rs 319

ABB Power Products and Systems (Original Equipment Manufacturer) – Rs 2410

ABB India (Infrastructure) – Rs 1846

Siemens (Infrastructure) – Rs 2187      

Tata Power (Infrastructure) – Rs 138

Castrol India (Original Equipment Manufacturer) – Rs 137

Sona BLW Precision Forgings (Original Equipment Manufacturer) – Rs 570

Author : Raghuveer Jandhyala

jandhyalaraghuveer@gmail.com

 

 

 

Raghuveer Jandhyala

Editor, Tax Concept. I have written on market, finance, management, and technology.

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