Segment Companies Products/services EV Exposure Comment

Tata Motor 4W, commercial, buses Good Many of EV are in pipeline

M&M 4W, commercial M&M is currently investing lot in EV vehicle and plans for rollout
Maruti Suzuki 4W, commercial MS has been lagered but taking shape
OEM
Hero MotoCorp 2W and through Ather Directly investing and also through Ather
Greaves Cotton EV TWO wheeler (Ampere Vehicle) Acquired Ampere and planning to rollout 2W

MRF Tyre No Impact

BKT Tyre No Impact
Apollo tyres Tyre No Impact
CEAT Ltd Tyre No Impact
Goodyear India Tyre No Impact
JK Tyre Tyre No Impact
Exide Industries Battery Not Good Current batteries are mainly lead acid. Need to migrate Li/new tech.
Amara Raja Batteries Battery Not Good Current batteries are mainly lead acid. Need to migrate Li/new tech.
Tata Chemical Battery Good R&D in betteries chemical & storage system
HBL Power System Battery Not Good Current batteries are mainly lead acid. Need to migrate Li/new tech.
Motherson Sumi Electrical wire, Plastic, Mirror etc Good More wiring in EV vehicle
Bosch Ltd ICE Engine & other parts Not Good Current exposure in ICE engine design & development
Minda Indus. Many (air-filteration, controllers etc) Good Evolving themselves for EV ecosystem
Endurance 2/3W-Suspension, sock abs., braking, Die-casting (+PV) No Impact
WABCO Braking control - Market leader No Impact
Sundaram Clayton Aluminum pressure die castings
Suprajit Engineering Lighting (Halogen) & mechanical cables No Impact Halogen to LED Lighting, mechanical to sustain
Auto-parts Cos. Craftsman Automation Powertrain & Aluminum Die-casting
Varroc Electrical wiring & Lighting among many Good More wiring & lighting in EV vehicle
Sansera Engineering Wide range of precision forged and machined components
Jamna Auto Suspension solutions - Market leader No Impact
Minda Corporation Mechatronics and Information & Connected systems Good
GABRIEL Ride control (Shock absorber)-4W+- Leader No Impact
L G Balakrishnan Transmission (chains, belts etc), metal forming and others Not Good
Fiem Industries Lighting and signaling - No Impact
GNA Axles Rear Axles, Shafts, Spindles & other No Impact
RACL Geartech Transmission gears and shafts No Impact Evolving themselves for EV ecosystem
Sona Coms Diff. assembly & gears, hybrid motors, BSG and EV motors etc Good Evolving themselves for EV ecosystem
Sundram Fasteners Shaft & hubs, pumps, radiators etc Not Good
Lumax Industries Lighting - Market leader No Impact

NRB Bearing Bearing

Rolex Rings Bearing rings and automotive components
Timken India Anti-friction bearings, and mechanical power transmission

Tata Power EV Charging station along with power sector operation Good
PowerGrid Power transmission along with EV station Good
EV Charging Infra
NTPC EV Charging station along with power sector operation Good
IOCL
Tata Elxi Leading player in EV
EV Software KPIT Leading player in EV