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+--- Thread: Karnataka's new EV policy focusing on tax exemptions and incentives for EVs (/thread-564.html)
Karnataka's new EV policy focusing on tax exemptions and incentives for EVs - Sapna Mukherjee - 26-09-2024
Based on Karnataka's new EV policy focusing on tax exemptions and incentives for electric and hybrid vehicles, here are some stocks that could benefit from this initiative:
1. **Tata Motors** (TATAMOTORS) – A leading player in the EV space with models like Tata Nexon EV and upcoming EV launches.
2. **Mahindra & Mahindra** (M&M) – A key player in electric mobility, particularly in the SUV and commercial EV sectors.
3. **Exide Industries** (EXIDEIND) – Involved in battery manufacturing, with a focus on expanding EV battery production.
4. **Amara Raja Batteries** (AMARAJABAT) – Another major battery producer moving into the EV space, with investments in lithium-ion batteries.
5. **Greaves Cotton** (GREAVESCOT) – Engaged in EV components and manufacturing through its subsidiary Ampere Vehicles.
6. **Tata Power** (TATAPOWER) – Actively involved in setting up EV charging infrastructure across India.
7. **Himadri Speciality Chemical** (HSCL) – A producer of advanced carbon materials, essential for lithium-ion battery production.
These companies are well-positioned to benefit from the growth of the EV sector, both in terms of vehicle manufacturing and supporting infrastructure.