Here are the Top 16 Electric Vehicle Stocks which has potential to grow as EV Multibagger Stocks, out of bunch of electric stocks. by focusing on these 16 stocks we will get the most of advantage.
Everyone is talking about Electric Vehicle stocks or EV Multibagger Stocks as the EV euphoria is running in the market. But before investing into these stocks also you should remember still the EV space is not established in India,
There are many challenges and hurdles So there is number of companies which contributes to the EV theme.
But we can’t buy evey stock in the market. So we should focus and filter the some of the stocks to invest for the long term. we did the same and we picked top 16 stocks for you to invest and to play with Electric Vehicle theme.
These stocks are the fundamentally and financially very strong and these stocks will play the major role in establishing EV in India. Here will discuss Top sixteen EV Multibagger Stocks
EV Multibagger Stocks are:
1. TATA Elxsi Ltd
TATA Elxsi Ltd is is one of the India’s leading New Age Technology provider to the Transportation Industry and this company is going to play major role in establishing EV in India. TATA Elxsi working faster than other towards providing technology to the autonomous and Electric Vehicles. This companu is offering Driver Management services, Digital cockpit, Adaptive AutoSAR, Autonomous Driving Simulation Environment and too many other products which would play key role in EV, Also this company integrates AI & ML and IoT, which makes things more effective and user friendly. This company is closely working with global leading OEM to build the next generation cars that are efficient, autonomous, intellegent and electric. TATA Elxsi Ltd won the multi trillion dollar contracts for multi years to provide design and technology services to the global leading OEMs. This Stock is currently trading at ₹5850.
2. L & T Technology Services Ltd
LTTS is also a leading new age technology provider in India and also one of the promising EV Multibagger Stocks. this company provides end to end solutions from design and development to system integration and power convertion and also providing testing services across battery management system, power convertion and charging infrastructure. This company has been associated with automobile industry by providing various testing and development services. LTTS is developing scalable e-mobility solutions for every category of vehicle segments. As like as TATA Elxsi, this compnay is also going to play a key role in establishing e-mobility in India. This Stock is currently trading at ₹5600
3. KPIT Ltd
KPIT is one of the most beneficiary of evolution of Electronic Vehicles and driverless cars and other vehicles as this company is seriously working on autonomous driving system and for the perfection in it. This company making it more efficient by using deep learning to identify driver behaviour. Also this company is working on the Power Train software for the next generation vehicles that includes both Electric and autonomous vehicles. KPIT is also leader in providing the engineering and designing services to it’s clients. The large and futuristic deals with BMW and other largest OEMs will ensure the capabilities of KPIT. This Stock is currently trading at ₹608.
4. Expleo Solutions Ltd
Expleo Solutions Ltd is leading technology service provider across the industries that includes Transportation. This company helps it’s clients to transform into digital side also they are experts in providing end to end, integrated engineering and quality services. This company has the clients across the industries such as Aeronautical, Banking & Financial, Insurance, Rail transportation, Energy & Utilities, Gaming, Health care & Pharmaceutical and many more others. Also had enough potential to become a part of ev multibagger stocks This Stock is currently trading at ₹1720.
5. Sona BLW Precision Forgings Ltd
Sona Comstar is one of the global leading manufacturer and supplier of differential gears, conventional motors and micro hybrid motors, BSG motors, EV traction motors such as BLDC & PMSM and motor control units. Coming to the major opportunities that this company manufactures BLDC motors which can be used in Electric two wheeler and this industry is going to be grow rapidly. also this company has the technology that can be used in electric vehicles. Sona comstar is a global supplier that supplies it’s products to the global leading OEMs such as JLR, VOLVO, TAFE, M&M and many others. This Stock is currently trading at ₹740.
6. Suprajit Engineering Ltd
We can say it as monopoly in manufacturing of mechanical cables to the 2W and Passenger vehicles. This compay has the 65% + market share in the mechanical cable segment. This company manufactures mechanical cables, head lamps, vehicle clusters and other after market spare parts to the original global leading OEMs. This company has the best clent base such as in two wheeler segment, Hero, Honda, Royal Enfield, Bajaj, TVS and many others. In Passenger Vehicles BMW, Volkswagon and many others are the most renowned clients of this company. as these parts of any vehicle either it might be electric or non electric are most important, so that this company will play a major role in EV segment. This Stock is currently trading at ₹430.
7. PIX Transmission Ltd
PIX trans is the leading manufacturer of Belts and other mechanical Power transmission tools. This company has the great presence in both domestic and international such as Europe and Middle East. These belts job is to keep running the engine by transferring the power to the various parts of the vehicle’s engine. so these belts will play a key role to transform the power to the various parts of the engine. this company manufactures various types of belts and power transmission tools. This Stock is currently trading at ₹840.
8. TVS Motors Ltd
As all we know the TVS Motors is one of the leading two wheeler manufacturer in India. This company manufactures various range of two wheelers that suits for various segment of people. as this company already started working on electric two wheelers, there is big scope to this company to grow better than now. also compare to other two wheelers this company is available at better valuations. This Stock is currently trading at ₹625.
Keep Reading and Stay tuned for Part 2 with very interesting EV Multibagger Stocks. There we will mention the conclusion and our view on these stocks.