Introduction

The EV landscape is as important as the oil and data revolution that occurred in the past. Oil is a source of energy when it comes to generating electricity. And we all know what our lives would look like without electricity. The EV technology is essentially a battery technology that runs on two important minerals known as lithium and cobalt. These two minerals are the major forces that drive this technology.

There are two reasons why India and major countries are striving to adopt EVs as quickly as possible. The first reason is the increasing carbon emissions on the planet, and the second is that we have less than 100 years of coal reserves remaining to sustain us.

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​​​​​​​The Indian consumer is becoming smarter and adopting a sustainable angle to their purchases. There is also a push by the government for consumers as well as producers in the form of subsidies and tax exemptions so that there is faster adoption of newer technologies.

Let's look at the top 4 companies that are outperforming the markets in this segment:

Tata Motors

Tata Motors has positioned itself as the leading electric car manufacturer in India with more than 80% of the market share. The company has established an ecosystem that captures the entire process, from manufacturing batteries to setting up charging stations.

No other automotive manufacturer in India can take on competition with Tata Motor. The initiative, known as Tata UniEVerse, is a holistic ecosystem that builds synergies within the Tata Group using Tata Power, Tata Chemicals, Tata Autocomp, Tata Consultancy Services (TCS), Tata Digital, Tata Elxsi, and Tata Motors Finance.

If you want to make money from the EV sector, this company could be your winning bet.

JBM Group

The JBM Group is a global conglomerate that's valued at $2.6 billion and operates in more than 25 locations in 10 countries worldwide. It is one of the first manufacturers of automotive systems, electric vehicles, and buses globally and in India.

The company operates multiple business divisions like auto components and systems, buses, electric buses, EV charging infrastructure and EV aggregates. They have been in the industry for 37 years and have some of the biggest clients in the automobile 0segment like Ashok Leyland, Nissan, Renault, FCA, Ford, Toyota, Volvo, Volkswagen, Tata, Honda and many more.

KPIT Technologies

KPIT Technologies is a worldwide ally to the automotive and mobility ecosystem to make software-defined vehicles a reality. As an independent software development and integration partner, KPIT is propelling mobility towards a cleaner, smarter, and safer future.

With a team of over 12,000 automotive engineers globally, they specialise in embedded software, artificial intelligence, and digital solutions. KPIT collaborates with industry leaders in automotive and mobility and has positioned itself at the forefront of the evolving ecosystem.

They have delivered a profit growth of 326% CAGR over the last 5 years and maintain a healthy dividend payout of 29.1%.

HBL Power System Ltd

HBL Power System Ltd is in the manufacturing and servicing of various types of batteries, e-mobility solutions, and other related products.

In the field of railway electronics, the company has flagship products such as Train Collision Avoidance System for enhancing safety, and Train Management System designed for efficient track usage.

In the Electric Mobility vertical, HBL Power System Ltd has developed an Electric Drive Train Kit designed for retrofitting light commercial vehicles and passenger buses.

In 2021, the Indian government adopted TCAS as the national train protection system, named KAVACH. HBL Power System Ltd has secured a contract from Eastern Railway to deploy TCAS over 260 km and 120 locomotives on the Delhi-Howrah route.

They have delivered a profit growth of 21.4% CAGR over the last 5 years and have a healthy dividend payout of 31.7%.

Conclusion

Electric technology is the next revolutionary technology that the world needs when it comes to energy-related issues. India is not behind, as there is a surge of EV registrations from 1.25 lakh units in 2020 to 10.25 lakh units as of 2023.

EVs are no longer just a vision for the future; they are an integral part of the present automotive landscape.

Most green plate cars you see on the road are EVs, and you will only see them rising in the times ahead. This momentum is expected to continue and is likely to position India's EV market as one of the most significant globally. So this would be the right time to invest in these smart tech-driven companies to make big profits in the times ahead.

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