Thanks. That’s very handy to track.
Out of Top 6, Ola, Hero & Okinawa had declining trend for the 3 months, TVS had flattish 2 months after Jan. Ather had a see saw MoM sales, growth in Feb and then decline in March. Greaves is the only player which showed good sales increases MoM over the last 3 months. Greaves & Hero are neck to neck in 4th position race.
OLA ELECTRIC TECHNOLOGIES PVT LTD
Jan: 18,337
Feb: 17,711
Mar: 15,711
Total 51,759
TVS MOTOR COMPANY LTD
Jan: 10,463,
Feb: 12,646
Mar: 12,348
Total : 35,457
ATHER ENERGY PVT LTD
Jan: 9,228
Feb: 10,063
Mar: 9,175
Total : 28,466
AMPERE VEHICLES PRIVATE LIMITED
Jan: 4,370
Feb: 5,849
Mar: 6,426
Total : 16,645
HERO ELECTRIC VEHICLES PVT. LTD
Jan: 6,399
Feb: 5,865
Mar: 4,201
Total : 16,465
OKINAWA AUTOTECH PVT LTD
Jan: 4,408
Feb: 3,846
Mar: 3,078
Total : 11,332
I am seeing it as an opportunistic bet, given the battering stock has taken and the growth opportunity that the sector provides. Expecting QoQ basis much stronger number given their last Q primary sales were impacted due to AIS 156 guidelines for the battery. They have already indicated in their call that Jan primary sales were larger than entire Q3. and secondary sales MoM growth is very encouraging. I feel, among the top 6 players in EV2W, this may be the only clean shot that stock market investors have at participating in this transition from ICE to EV.
Disc: Invested recently between 125-130 range.
| Subscribe To Our Free Newsletter |
