New Delhi: Electric vehicles are being liked a lot in the market these days, the effect of which is also being seen on the shares of these companies. Electric Vehicle Stocks (EV Stocks) are witnessing good growth in the market these days. In such a situation, if you are also keeping an eye on any EV Stocks, then you should select a company that does business related to Lithium Battery, Charging Station, or does the work of making such products. . Investors can get good returns by buying these stocks at the right time.
Talking about the companies related to this industry, the names of many companies like Tata Motors, Ashok Leyland and Exide Industries are included in this. Apart from this, GG Engineering listed on BSE is also performing well in this sector.
These companies are also planning to enter the EV segment
Exide Industries is the largest battery manufacturing company in the country. Apart from this, Tata Motors and Jaguar Land Rover are also considering electrifying their vehicles. Tata Tigor EV and Nexon EV are the industry leading models at present in the country. In the year 2020, the company sold 2,600 electric vehicles, which increased the company’s market share to 63 percent.
The company will set up a charging station
GG Engineering is seeing good growth in the last few years. Apart from this, recently the company has announced the launch of a new product line. Along with this, the company has also announced to install charging stations from 3KW to 22KW. At these stations, customers will get the facility of charging 2-3-4 wheelers. The special thing is that all these products will be completely Made in India and work on them will also start in the next three months.
Company got order from Western Railway
Apart from this, GG Engineering launched the country’s first automated and smart RVMs. The company had received an order from Western Railway to install RVMs. Apart from this, the company also got the benefit of the EV policy of the Maharashtra government.
Under its EV policy, the Maharashtra government has allocated Rs 930 crore for the promotion and development of the EV ecosystem. The EV policy of the Maharashtra government is in the interest of the manufacturing companies.
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