About the smallcase
India’s foray into electric vehicles (EV) started in 2013 when Govt. introduced the National Electric Mobility Mission Plan (NEMMP-2020). The plan intended to promote R&D in EV technology, provide demand and supply side incentives to encourage usage of EV’s as well as promote charging infrastructure. Under the plan, Govt. launched Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) scheme in 2015. Phase 2 of FAME was launched in April 2019 with a budgetary outlay of Rs.10,000 crore, to be spent over 3 years.
Total EV sales increased by over 211% to 4,19,812 units in FY22 compared to 1,34,853 units sold in FY21. According to IBEF, the EV market is estimated to be Rs.50,000 crore opportunity in India by 2025.
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 increased adoption of EV’s.
Past Performance vs
Equity Large Cap
Nov 15, 2017
Note: All performance graphs & numbers are calculated using only the live data and includes rebalances. Past performance doesn't include cost or guarantee future returns.