Why should you invest in this smallcase?
The government plans to achieve the sale of 60-70 lakh hybrid and electric vehicles every year from 2020 onwards.
In January 2013, the National Electric Mobility Mission Plan (NEMMP 2020) was announced to incentivise the use and production of electric vehicles
- Government also adopted the FAME India scheme to support the market development and manufacturing of electric vehicles
- This scheme will focus on technology development, pilot projects, demand creation and charging infrastructure
- Central Government is also expected to roll out a national policy for electric vehicles to lay down standards for production and incentives for usage as well as set up plans to incentivise the use of electric vehicles
- Push for electric mobility will involve companies from diverse segments like 2- and 4-wheeler manufacturers, oil and gas refining companies, chemical manufacturers, etc
This smallcase comprises companies that are investing in the electric vehicle ecosystem and are expected to grow with growth in electric mobility
Past Performance vs
Mar 3, 2014
Note: Past performance graph includes changes due to rebalance, events like stock splits & mergers. Also, past performance doesn't guarantee future returns