Electric Vehicles (EVs)

Top auto stocks for EVs that may give a good return

Amit Srivastava

Twitter: s_amit007

If an investor had bought Eicher Motors share in 2001, instead of its Royal Enfield motorbike, its Rs 60,000 would be grown up to Rs 7 crores in 2021. You must have heard such stories. While a product’s value depreciates every day, a company’s shares with strong management and vision grow every day.

Even if you missed the earlier opportunities, you have another chance to become a millionaire. We are aware that the government is focusing on environmental friendly and sustainable energy sources. If the government has to meet the target of zero-emission by 2070 as promised by PM Narendra Modi at COP 26 climate summit in Glasgow, it can be done by promoting electric vehicles.

After central government push, many states have already come up with electric vehicles (EVs) policy like Maharashtra. Apart from providing subsidies in buying two-wheelers and four-wheelers, they are also concentrating on creating infrastructure like setting up charging stations.

Shares linked with EVs and performance in the last one year

Shares	% Change three months	% Change Six Months	% Change One Year	Share Price as on December 30 (Rs)
Tata Motors	63.6	39.4	162.5	472.10
Olectra Greentech	139	348	582	764
JBM Auto	140	159	287	1065
Ashok Leyland	1.5	-4.7	28.7	120.75
SML ISUZU	17	37.2	29.2	627.05
Eicher Motors	-12.5	-10.3	-3.5	2547.45
M&M	9.6	2.6	9.7	830

 

Experts believe that the next decade will be dominated by stocks that are directly or indirectly involved in EVs manufacturing or associated. In the commercial vehicle space, the top EV stocks are JBM Auto, Ashok Leyland, Tata Motors, Olectra Greentech, SML Isuzu, Eicher Motors, and M&M.

Several government agencies have already started buying battery-run vehicles like buses for public transports. JBM Auto has a good presence in the manufacturing of electric buses. Now, Ashok Leyland has also decided to foray into EVs. Companies mentioned above are also pushing hard to get business from the government.

While unfolding EVs policy, Aditya Thackeray, Maharashtra environment minister announced that by 2028 the entire public transport buses of Mumbai will be electric.

Crypto Currency

Indians spending time on cryptocurrency double in a year, youngsters mostly

By Amit Srivastava

Twitter: s_amit007

While the government is mulling to regulate the digital currency in the country, people spending time on Cryptocurrency for buying, selling, or learning in India has doubled in a year. Interestingly, youngsters are spending more time and even making investments.

Indian crypto exchange CoinSwitch Kuber claimed that the average time spent by its users in India has doubled during the year. Now, users spend more time buying, selling, or learning digital currency than at the beginning of the year.

As per the report, CoinSwitch Kuber has around 1.4 crores (14 million) users in India, of which 15 percent are women, and the majority of them are youngsters.

Indian crypto exchange CoinSwitch Kuber also claimed that, on average, individuals in India spent around 27 minutes on the CoinSwitch app that was 13 minutes at the beginning of the year. There is a sharp increase of more than 100 percent.

Around 60 percent of users of CoinSwitch Kuber's total users-base are under the age of 28, and they are from Metro as well as tier two cities like Delhi, Mumbai, Kolkata, Pune, Lucknow, and Patna.

The crypto bill brought in the Winter Session of Parliament was left out, and it is currently with the Cabinet awaiting approval. The bill will decide which cryptocurrencies would continue to do business and which could not do.

The industry is hopeful that a regulatory framework will sort out the misconception about digital currency, and it will further encourage more Indians to look into an investment option.

Electric Vehicle

 JSW Group announces EV policy for its employees, free charging, and other incentives

By Amit Srivastava

Twitter: s_amit007

The acceptance of electric vehicles in India is gaining momentum as the JSW Group has come up with its Electric Vehicle (EV) policy, which comes into effect from January 1, 2022. The business conglomerate will give an incentive of up to Rs 3 lakh to its employees to buy electric two-wheelers or four-wheelers.

The company said that the EV policy aligned with India’s Nationally Determined Contributions (NDCs) and Sustainable Development Scenarios (SDS) of The International Energy Agency (IEA). 

The JSW Group promised to provide free charging stations and separate parking facilities at offices to employees who buy an electric vehicle.

Since the central and state government are providing subsidies to promote EV, the entry of private entities will give an impetus to pollution control.

In a statement, the company said, “We know that the PM Narendra Modi announced at Glasgow COP26 meeting that India endeavors to reach net-zero carbon emissions by 2070, the green initiative of JSW Group will lead to increased adoption of EVs in India.”

Cryptocurrency

 

RSS affiliated Swadeshi Jagran Manch demands a complete ban on Cryptocurrency

By Amit Srivastava

CNA 

Tweet@S_amit007

While the central government plans to bring in a law to regulate cryptocurrencies in India, RSS affiliated Swadeshi Jagran Manch (SJM) has demanded a complete ban on digital currencies. SJP cited heavy speculation in its trade and adverse impact on the financial markets.

We often come across many people who made crores by investment in Cryptocurrencies like Bitcoin. Most of them are youths, especially people in titer-two or titer-three cities who are looking at digital currency as a new source of multiplying money in a short period. 

However, digital currency is unregulated in the country.

In a resolution passed by SJP during the two-day meeting held in Gwalior, it claimed that there is no underlying asset of these virtual currencies and it should be banned. 

“There is no information of issuer of digital currency, and even they are recognized, it may lead to heavy speculation which may also impact financial markets," said the outfit. The outfit also fears that it may also find another window of money laundering and terror financing.

The outfit said that those holding digital currency should be allowed to sell or exchange by providing details to the income tax department as per the provisions in a stipulated time frame.