Samvardhana Motherson is the EV success story no one’s talking about
The auto components maker has the product range, customer base and allied businesses needed to ride the transition to electric vehicles.
8 December, 2022•6 min
0
8 December, 2022•6 min
0
Getting your Trinity Audio player ready...
Why read this story?
Editor's note: In the last two days, I have had long discussions with a couple of auto analysts on what could be identified as early success stories among listed Indian companies in the electric vehicles space. The names that came up repeatedly during the conversations were, of course, those of Tata Motors and TVS Motor Co. The former, because it has sold the most electric four-wheelers in the country, and the Chennai-based two-wheeler maker because it has made it to the top five in EV sales within months of launching its iQube scooter. Tata Motors’s best-selling Nexon EV has a 5-6 month wait time after a booking is made and TVS is selling all the electric scooters that it can produce. Since December 2020, when Tata Motors started pushing its EV, the stock has more than doubled—going from Rs 175 to the current Rs 420. The TVS Motor stock is also a hit, rising 40% since it launched the iQube in May-June. That said, I’m not comfortable calling Tata Motors and TVS Motor’s electric businesses success stories just yet. One, because we …
More in Business
Business
Can Adani pull off the 100% green AI promise?
The group’s $100 billion data centre push rests on solving clean energy’s toughest constraint: consistent, real-time renewable supply at scale.
You may also like
Business
JLR’s nightmare cyberattack has taken a turn for the worse
What began as an operational outage has turned into a data breach affecting employees (past and present), exposing governance gaps that could prove costly for the UK automaker and the Tata group.
Business
Hero’s comeback has legs, but can it keep its grip?
India’s largest two-wheeler maker has seen a stock surge on the back of macro tailwinds, an EV push, a credible export strategy and renewed investor faith. Proving that this rally isn’t just a festive-season fling will be the real test.
Business
Tata Motors’ demerged CV business starts life on a tightrope
From net debt-free to billions in bridge financing, the Iveco acquisition means the automaker’s commercial vehicles business begins its independent journey on fragile financial ground.