Capex coming up at OEM Levels for EVs.
3W electrification is almost at 50% level.
| Company | Investment amount in cr |
|---|---|
| Tata Motors – PV | 16,000 |
| Suzuki Motor Gujarat | 10,400 |
| Mahindra & Mahindra | 10,000 |
| Ola Electric | 3,500 |
| Simple Energy | 2,500 |
| Hero Electric | 1,200 |
| Okinawa | 1,000 |
| TVS Motors | 1,000 |
| Tube Investments | 1,000 |
| Bajaj Auto | 1,000 |
| Ampere Electric | 700 |
| Ather Energy | 330 |
| Total | 48,630 |
Source : ICICI Security research – “Domestic Themes to hog the limelight in CY23”
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