Get out of all petrol two-wheeler stocks… they are heading for a disruption… and they are not ready for that at all. What they have on offer is half the range of its competition yet priced 40% more than its competition.
By July 2023 the sale of Ola, Okinawa & Ampere could equal that of its petrol rivals as they are growing at almost 4,000% YoY!!!
Well the game just got started… there is going to be more… like Oppo, Vivo, Realme, Xiaomi all lined up to enter the electric 2 wheeler space. They are shifting from low-profitable business of smartphones to electric 2 wheelers. Amazon too is considering an eVehicle. Wherever amazon goes it brings losses to its rivals.
The entry barrier for…
a 2-wheeler or 3-wheeler is very low. Its already quite crowded. All they have to do is import it from China just like everybody else seems to be doing. Then give it an Indian name like “Jugnoo” or “Ramu” or if they want to be cold & clinical… then they can call it by some Alphanumeric names like EV1856 or EV1947. If they love junk food then they can call it “Mac” “Kentucky” or “Burger” or “Hotdog” or just plain “Fries”. Fruity names like Apple, banana, mango… oops Apple is already taken… or even Android names like Cupcake, Donut, Eclair, KitKat, Oreo, would suite them all fine instead of the utter crap & unappealing names in eScooter currently.
Whatever they name it the competition is going to be intense… most of these new companies on the starting line are Chinese companies with deep pockets and are willing to work in loss making situations for the first few years.
The situation in 3 Wheeler category is even worse. The big players of yesteryears have been booted down by new entrants like YCElectric. YCElectric seems to be doing EXCELLENT performance in 3Wheel category.
BUT…the real money makers are definitely NOT in 2Wheelers or 3Wheelers… the real money makers are going to be the… guess what… ELECTRIC BUS MAKERS. They are the real heavy weights. They are making products for CONFIRMED ORDERS unilke OTHERS in EV categories who have to be VERY CAREFUL of capital utilization and need to ensure that they do not invest in manufacturing capacity which is more than the demand. Predicting electric 2Wheeler, 3Wheeler, Car demand is a very scary situation right now in India because the demand is so damn high. Such demand has never been experienced in ANY PRODUCT in HISTORY in any country. Except for OLA not many have taken the risk to make BIG investments… now Okinawa seems to have taken that risk too. Both of them are going neck & neck for the first spot.
Unfortunately most of the companies in 2Wheelers & 3wheelers are private unlisted companies so you cannot benefit by investing in them. But you can invest in other category… Electric Bus Makers…
The first 2 names that would come automatically to your mind would be Tata Motors & Ashok Leyland… hahahaha… NOT AT ALL… they are laggards… slow moving elephants. Tata’s were kicked out of tender for being technically non-responsive… They also lost out in the Delhi eBus Tender…. meaning they are either not very serious or they are really not very competitive. Tata Motors did in fact contest the matter in court… but then there is obviously something that they were not able to tackle.
So here you go… the best EV companies in India are the 2 Electric Bus Makers:
- OLECTRA GREENTECH &
- JBM AUTO
These two companies are winning a lot of tenders. Both of them already outperformed Tata Motors & Ashok Leyland in wining tenders and have together clocked more than 3,000 orders of ebus. This value is more than the TOTAL Nexon EV sales till date (1eBus is 2 cr… this is equal to at least 13 NexonEvs) .
For eg: Olectra Greentech already has got letter of award from BEST for 2,100 electric Buses.
I am not saying Tata Motors & Ashok Leyland are not good at making electric buses… but they do not seem to be very efficient… or doing the right things. For eg Ashok Leyland doesn’t have any information about electric bus on their website.
Olectra Greentech belongs to the MEIL group and its fast rise from a small irrigation company to almost L&T levels… and doing almost 10% of the famous Polavaram Project.
Olectra is already operating 40 Electric buses for BEST in Mumbai and also has been operating buses in various trade State Transport Undertakings in the countries such as in places like:
- Pune
- Hyderabad
- Goa
- Dehradun
- Surat
- Ahmedabad
- Silvassa and
- Nagpur
Established in the year 2000, Olectra Greentech part of MEIL group, pioneered the introduction of Electric buses in year in 2015.
Costs of an Olectra Greentech Bus vs a Diesel Bus:
- Cost of 1 EBus = 2Cr approx ( Sales of almost 15 NexonEV)
- Range: 150kms
- Charging time 2-4hrs approx
| Diesel | CNG | Electric | |
| Cost Per Km | Rs 30 | Rs 20 | Rs 10 |
| Cost for 150kms | Rs 4,500 | Rs 3,000 | Rs 1,500 |
Top 4 ranked Electric Bus makers of India by future prospects:
- Olectra Greentech
- JBM Auto
- Ashok Leyland
- Tata Motors
List of Indian Companies related to EV industry
| Company | CMP (Rs) | YTD (%) | 1 Year (%) | 3 Years (%) |
|---|---|---|---|---|
| Amara Raja Batteries Ltd. | 496 | -22% | -34% | -20% |
| Ashok Leyland Ltd. | 139 | 13% | 9% | 54% |
| Bajaj Auto Ltd. | 3,793 | 17% | -10% | 28% |
| Bharat Petroleum Corporation Ltd. | 324 | -16% | -33% | -20% |
| Eicher Motors Ltd. | 2,646 | 2% | -3% | 32% |
| Exide Industries Ltd. | 148 | -12% | -24% | -29% |
| Fiem Industries Ltd. | 1,042 | -8% | 58% | 127% |
| Greaves Cotton Ltd. | 153 | 11% | 14% | 1% |
| Hero MotoCorp Ltd. | 2,586 | 5% | -14% | -6% |
| Indian Oil Corporation Ltd. | 118 | 6% | 3% | -28% |
| JBM Auto Ltd. | 433 | -4% | 144% | 330% |
| Kabra Extrusiontechnik Ltd. | 321 | -32% | 77% | 302% |
| L&T Technology Services Ltd. | 3,454 | -38% | 26% | 106% |
| Mahindra & Mahindra Ltd. | 1,045 | 25% | 30% | 62% |
| Minda Industries Ltd. | 863 | -30% | 50% | 164% |
| Neogen Chemicals Ltd. | 1,479 | -10% | 69% | 381% |
| NTPC Ltd. | 157 | 26% | 33% | 16% |
| Olectra Greentech Ltd. | 693 | -13% | 266% | 228% |
| Polyplex Corporation Ltd. | 2,505 | 34% | 88% | 343% |
| Power Grid Corporation Of India Ltd. | 225 | 10% | 24% | 57% |
| SML Isuzu Ltd. | 583 | -8% | 21% | -31% |
| Suprajit Engineering Ltd. | 304 | -29% | 4% | 40% |
| Tata Chemicals Ltd. | 935 | 5% | 27% | 49% |
| Tata Elxsi Ltd. | 8,605 | 47% | 132% | 905% |
| Tata Motors Ltd. | 436 | -10% | 27% | 157% |
| Tata Power Company Ltd. | 233 | 5% | 87% | 252% |
| TVS Motor Company Ltd. | 751 | 20% | 18% | 56% |
| Uflex Ltd. | 610 | 19% | 34% | 136% |
The best part is that almost ALL the big states of India are going to buy 2,000+ electric buses EACH!!! That too in the next 5yrs. Very few electric bus makers… and everybody is going to get business… Exciting times ahead 🙂
hello… With India having such a HUGE tourist coastline… any listed company making electric public-transportation-catamarans? Hope so… cause it will be more easy & profitable than making BUS & TRUCKS… 😉
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