InvestorQ : may be next 5 to 10 years all 2 , 3 ,4 wheelers convert to electric bike,car,auto.. so which stock will go up ? like battery stocks (amara raja batteries) and which stocks will go up?
Lakshmanan Margabandu made post

may be next 5 to 10 years all 2 , 3 ,4 wheelers convert to electric bike,car,auto.. so which stock will go up ? like battery stocks (amara raja batteries) and which stocks will go up?

Answer
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Purvesh answered.
1 year ago


The government, in a way, did set the cat among the pigeons saying that all 3 wheelers will have to shift to electric vehicles by 2023 and two-wheelers will have to shift to electric vehicles by 2025.

The government has a larger plan to shift even cars to EV by 2035, which is still some time away. In the last 2 days since the announcement, industry bodies like the CII and the Society of Indian Automobile Manufacturers (SIAM) have warned that such a hasty shift to EVs may be something the markets may not be ready for.

However, the shift is inevitable although the timing of the shift can still be debated. The likely schedule is going to be three wheelers followed by two-wheelers and finally four-wheelers.

Which stocks could benefit from this shift? Firstly, companies like Tata Motors and M&M which already have an EV franchise and already have internal plans for an EV shift could be the principal beneficiaries. But as you must have seen in most industry cases, the benefit in the initial days of the trend normally comes to the input provider rather than the output producer.

So you could see companies like Amara Raja Batteries, which is already working on these lines, to benefit from this trend. But really, you will have to wait for more clarity!