Share Price in India’s leading electric vehicle battery companies

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Shares Price in India’s leading electric vehicle battery companies

  • Any electric vehicle is incomplete without a battery. Electric vehicle battery stock investments are now the most popular choice for investors.
  • In addition to the cost of the vehicle, batteries play a significant role in the overall cost. It accounts for between 40 and 50 percent of the total cost of any electric car.
  • According to GOI’s recent budget 2022, electric vehicles will be encouraged by a new battery swapping policy.

There has been a surge in interest in electric vehicle sector stocks because of the potential for huge profits. Because every electric vehicle relies on Lithium-ion Battery technology. Investing in Best Electric Vehicle Battery Companies stock has become increasingly popular.

Because China is currently the world’s top producer of lithium-ion cells, the vast majority of electric vehicle manufacturers source their batteries and cells there. Lithium-ion batteries are now being produced in India thanks to government subsidies totaling Rs 180 billion.
Manufacturers of electric vehicle batteries have benefited from the rapid growth of the EV market in India.

Investors are now looking to participate in this long-term EV trend by purchasing shares in leading Indian battery manufacturers. It’s possible, but you’ll need to know what EV battery stocks to buy if you want to do it right. List of Chapters and Sections

India’s Top 6 EV Battery Companies

The best electric vehicle battery stocks in India are listed here for your convenience.
India’s automotive industry includes

  • Exide Industries,
  • Amara Raja Batteries,
  • Tata Chemicals,
  • Maruti Suzuki,
  • Hero MotoCorp, and
  • Himadri Specialty Chemical Ltd.

1. Exide Corporation

A leading producer of lead-acid batteries in India, Exide Industries was founded in 1947. In terms of global lead-acid battery production, this places the company at number four.

Since the electric vehicle (EV) market is booming, the company has also begun producing lithium-ion batteries. In order to accomplish this, Leclanche SA and the company in question have announced a partnership.

Exide industries plans to build a Tesla-style Giga factory for the production of Lithium-ion batteries in the future, taking advantage of the government’s PLI scheme. Gujrat will soon be home to the company’s lithium-ion battery assembly plant.

the current share price of Exide Industries

MetricsValue
Market Cap13,286 cr
Dividend Yield1.28%
PE Ratio16.40
Share Price154

 

2. Amara Raja Batteries: 

A leading manufacturer of automotive and industrial lead-acid batteries in India is Amara Raja Batteries. The batteries produced by Amara Raja Group’s flagship company are sold in 32 different countries around the world. The company and ISRO signed a technology transfer agreement for lithium-ion cells in January of this year.
In addition, the company has taken the lead in developing Lithium-ion battery technology. There are plans to invest $1 billion over the next five to seven years. Ten to twelve GHW lithium-ion batteries will be the primary focus of the company’s major investment.
Lithium-ion cell manufacturer Amara Raja Batteries has opened India’s first technology hub. In the next five years, this technology research hub in Tirupati Andra Pradesh will become India’s first Lithium-ion manufacturing facility..

the current share price of Amara Raja Batteries.

MetricsValue
Market Cap9,903 Cr
Dividend Yield1.72%
PE Ratio15.71
Share Price579

 

3.Tata Chemicals:

Lithium-ion cell technology will be transferred to ISRO by Tata Chemicals, a Tata Group subsidiary. The manufacturing plant in Dholera, Gujrat, will soon begin producing lithium-ion batteries.

Lithium-ion batteries are also being recycled by the company. The company will use its expertise in chemistry to recover valuable metals such as manganese, nickel, cobalt, and lithium from old Lithium-ion batteries.
A team of scientists at Innovation Centre Pune works on cell design, manufacturing techniques, and a variety of chemistries on top of all of this else.
This stock merits close monitoring because it is backed by the renowned Tata Group.

the current share price of Tata Chemicals.

MetricsValue
Market CapRs. 23,934 Cr
Dividend Yield1.06%
PE Ratio93.36
Share Price940

 

4. Hero Motocorp, Inc.

Hero MotoCorp, the largest two-wheeler manufacturer in the world, has previously introduced electric vehicles. Lithium-ion batteries will be manufactured in a joint venture between the company and Ather Energy. Ather Energy already has 34% of its shares owned by the company. It has also filed a large number of patents on battery design and production.
Earlier this year, the company opened a new electric vehicle manufacturing facility in the state of Tamil Nadu. It is able to produce 110,000 electric scooters a year through this method.

the current share price of Hero Motocorp, Inc.

MetricsValue
Market Cap48,352 Cr
Dividend Yield4.41%
PE Ratio16.57
Share Price2,391

 

5. Maruti Suzuki

Maruti Suzuki is a subsidiary of Suzuki Motor Corporation.
Maruti Suzuki, the largest four-wheeler manufacturer in India, is a Suzuki subsidiary in Japan. In India, the company manufactures all types of automobiles, including hatchbacks, sedans, utility vehicles, and sport utility vehicles.
With the help of Toshiba and Denso, the company has formed a joint venture. Lithium-ion batteries, the power source for electric vehicles, are the hot commodity right now. Maruti Suzuki plans to make hybrid cars with batteries that aren’t made from lithium-ion.
Maruti Suzuki’s share is worth keeping an eye on because it is one of the most trusted brands in India.

the current share price of Maruti Suzuki.

MetricsValue
Market Cap2,32,390 Cr
Dividend Yield0.58%
PE Ratio52.95
Share Price7,705

6.Himadri Specialty Chemical Ltd.

Anodes for Lithium-ion batteries are made in part with advanced carbon produced by HSCL, a company with some ties to the EV battery sector.
The company is also planning to increase its MTPA facility by 20,000 to its ACM factory, which will be used to manufacture Li-ion batteries, as electric vehicle adoption accelerates.

the current share price of Himadri Specialty Chemical Ltd..

MetricsValue
Market Cap2,524 Cr
Dividend Yield0.25%
PE Ratio1.41
Share Price63.75


Disclosure
: The company’s stock is not promoted or endorsed by Electrik Vehicle or any of its employees. For educational purposes only,

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