Top Electric Two-Wheeler Stocks to Watch in India

 

Top Electric Two-Wheeler Stocks:

1) Hero MotoCorp

Hero MotoCorp has also partnered ather energy An unprecedented step for India’s EV industry. HeroMotorCorp has invested Rs 550 crore in Ather Energy last year and holds about 40% stake in the company.

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Hero MotorCorp’s 1 year performance

2) TVS Motor Company

TVS Motor Company is India’s third largest two-wheeler manufacturer. TVS started its journey 1962 By manufacturing automotive parts. In 1976, It expanded its operations to include moped manufacturing. later in 1989, TVS Motor entered the bike manufacturing sector. Since then, TVS Motors has become one of the most admired companies in India. It entered the electric vehicle market 2022 With the launch of TVS iQube, It has two variants iQube S and ST, Since its launch till the end of December 2023, TVS iQube has achieved total sales of 252,676 The units mark a significant expansion of the electric two-wheeler segment in the Indian market. The company expanded its product portfolio and launched TVS X In November 2023.

TVS Motor Company sales recorded in 2022 47,185 units, which saw substantial growth 166,287 units in 2023. This represents significant year-on-year growth 252%. the company plans Expand its electric two-wheeler lineup within the next year To serve customers in different price ranges. Additionally, it is actively working on the development of a Electric three-wheeler. The company is planning to increase the production of its iQube and TVS vehicles After Ola Electric. TVS Motor plans investment to focus on global market expansion Rs 250 crore In its newly launched TVS

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tvs motor 1 year performance

3) Bajaj Auto

Pune-based company Bajaj Auto Limited was established 1940s. The company is the third largest manufacturer of motorcycles in the world. The company launched its first electric scooter Chetak in India in January 2020. In December 2021, Bajaj unveiled a plan ₹300 crore investment To build an electric vehicle production facility in Pune. The company expects the plant to have manufacturing capacity 500,000 electric vehicles (EVs) annually, serving both domestic and international markets. Its current portfolio of Chetak variants includes – Bajaj Chetak Urban – Standard, Bajaj Chetak Urban – Techpack, Bajaj Chetak Premium – Standard, Bajaj Chetak Premium – Techpack.

Its electric three-wheelers include Bajaj RE, Maxima Cargo and Maxima Cargo XL. Record sales of Bajaj Auto 25,315 units In 2022, which increased 76,627 units in 2023, showing substantial year-on-year growth 203%,

Talking about the investment plans of the company, Dinesh Thapar, Bajaj Auto’s chief financial officer (CFO) said in an interview with ET Auto that the company’s current priority is to expand manufacturing capabilities and grow the network. Bajaj Auto is ready to launch a new facility electric tricycle By the end of the current quarter. The company plans to invest approximately INR 400 crore In this initiative till the beginning of the next financial year. The company is focusing on both electric two-wheelers and three-wheelers and plans to expand its products in the next few years.

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bajaj auto 1 year performance

4) Wardwizard Innovations (Joy-eBike)

Wardwizard ventures into EV segment 2016 Under this, electric bicycle was started joy e-bike brand, Increasingly attracting the attention of the younger demographic. In response to growing demand, Wardwizard diversified its product range to include low-speed two-wheelers Gen Next, Globe, and Wolf, Mihos Appealing to a broad spectrum of age groups and eliminating the need for licensing or registration.

Further strengthening its presence in the EV market, Wardwizard inaugurated a major electric two-wheeler manufacturing facility, creating 6,000 job opportunities. Meeting the evolving preferences of consumers, Wardwizard is launched The thunderbolt, the storm, the beast, and the horizon In January 2021, strengthened its position as a leading force in the EV industry and the first BSE-listed company in the sector since 2020, currently boasting a market capitalization of Rs 1800 crore In February 2024, Wardwizard Innovations recorded sales of 841 units, increasing to 1,019 Units in March 2024, representing month-on-month growth 21.16%.

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