Home Blogs New Index: NSE Unveils India’s First Nifty EV & New Age Automotive Index

Sector Deep Dives

New Index: NSE Unveils India’s First Nifty EV & New Age Automotive Index

Reading Time: 2 minutes

In a significant move highlighting the rapid growth and potential of electric vehicles (EVs) in India, the National Stock Exchange of India (NSE) has introduced a groundbreaking index to monitor the performance of companies in the EV sector. This pioneering index called the Nifty EV & New Age Automotive Index, is the first of its kind in India and is designed to track the performance of companies involved in electric vehicle manufacturing, battery production, charging infrastructure, and other critical components of the EV ecosystem.

A Boost for India’s EV Industry

The launch of this index signifies the increasing importance of EVs in India. With the Indian government setting ambitious targets for EV adoption, the introduction of this index is expected to fuel the industry by making it easier for investors to track the performance of EV companies. This development marks a positive leap forward for the EV industry in India.

Companies in the Spotlight

A total of 33 companies are included in the Nifty EV & New Age Automotive Index. OEM companies like Mahindra & Mahindra Ltd. & Hero MotoCorp Ltd., as well as Samvardhana Motherson International Ltd., which is the largest the largest auto ancillary company in India by revenue. Additionally, battery makers such as Exide Industries Ltd. and IT Consulting firm KPIT Technologies Ltd. are all part of the index showcasing diverse companies that contribute to the emerging EV electric vehicle ecosystem.

A Key Benchmark for Investors

The Nifty EV & New Age Automotive Index is poised to become a key benchmark for asset managers and a reference index for passive funds such as Exchange Traded Funds (ETFs), index funds, and structured products. The index will be reconstituted semi-annually and rebalanced quarterly to ensure accuracy and relevance.

Simplifying Investment in EVs

This new index is set to simplify the investment process for individuals interested in investing in EV companies, potentially providing a significant influx of capital for the industry to grow. Moreover, the index will play a crucial role in educating investors about the potential of this innovative technology.

The Future of EV Investment

The introduction of the Nifty EV & New Age Automotive Index marks a new era for EV investments in India. As the EV industry continues to evolve and grow, this index will provide investors with a vital tool to track performance, make informed decisions, and contribute to the industry’s future success.

Disclaimer: Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

The content in these posts/articles is for informational and educational purposes only and should not be construed as professional financial advice and nor to be construed as an offer to buy /sell or the solicitation of an offer to buy/sell any security or financial products.Users must make their own investment decisions based on their specific investment objective and financial position and using such independent advisors as they believe necessary.

Windmill Capital Team: Windmill Capital Private Limited is a SEBI registered research analyst (Regn. No. INH200007645) based in Bengaluru at No 51 Le Parc Richmonde, Richmond Road, Shanthala Nagar, Bangalore, Karnataka – 560025 creating Thematic & Quantamental curated stock/ETF portfolios. Data analysis is the heart and soul behind our portfolio construction & with 50+ offerings, we have something for everyone. CIN of the company is U74999KA2020PTC132398. For more information and disclosures, visit our disclosures page here.

Naveen K R

Senior Director, Windmill Capital | The content in this article is purely the author’s personal opinion and is for informational and educational purposes only. It should not be construed as professional financial advice and nor to be construed as an offer to buy /sell or the solicitation of an offer to buy / sell any security or financial products. The views and opinions stated in the content belong to the author. Windmill Capital Private Limited does not uphold nor promote any of the views / opinions. | Windmill Capital Private Limited is a SEBI registered research analyst (Regn. No. INH200007645)

Cancel reply

Dislaimer: This platform is intended for informational purposes only and is not intended to provide investment advice. The stock prices displayed are delayed and may not reflect the most current market conditions. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. You can also consider consulting a financial advisor before making any investment decisions. Smallcase Technologies Private Limited shall not be responsible for any losses that may occur as a result of using this platform.

The views expressed in this article are those of the author and do not necessarily reflect the views of Smallcase Technologies Private Limited (STPL) or any of its associates. The information provided in this article is for educational and informational purposes only. Investors are responsible for their investment decisions and are responsible to validate all the information used to make the investment decision. Investors should understand that his/her investment decision is based on personal investment needs and risk tolerance, and performance information available on here is one amongst many other things that should be considered while making an investment decision. Past performance does not guarantee future returns.

Investments in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. The examples and/or scurities quoted (if any) are for illustration only and are not recommendatory.

The content and data available on the website, including but not limited to index value, return numbers and rationale are for information and illustration purposes only. Charts and performance numbers do not include the impact of transaction fee and other related costs. Past performance does not guarantee future returns and performances of the portfolios are subject to market risk. Data used for calculation of live returns and other information is provided by exchange approved third party vendors and has neither been audited nor validated by the Company. Detailed return calculation methodology is available here. Detailed volatility calculation methodology is available here.

The user agrees to assume complete and full responsibility for the outcomes of all of his/her investment decisions that he/she makes, including any direct, indirect, incidental, consequential, special, punitive or any other losses/damages if any that may be incurred by him/her. Smallcase Technologies shall not be responsible or liable for any direct, indirect, incidental, consequential, special, punitive or any other losses/damages arising out of the recipient's investments. For disclosures related to Smallcase Technologies Pvt Ltd, please visit this page .

All smallcases present in the articles are created by SEBI licensed entities. The disclosure of these entities can be found below: