ACM launches ACE-ElectriciBasket for investments in EV theme

 

Asit C Mehta Investment Interrmediats ltd, subsidiary of Asit C. Mehta Financial Services Ltd (ACMFSL), (BSE-530723| ASITCFIN), one of the leading fintech conglomerates in Indian equity markets, has launchedACE-Electric iBasketfor investment in companies that are expected to benefit from thetransition and growth of electric vehicles(EVs)in India with a very systematic and professional approach.

Mr. Anand Varadarajan, Director, Asit C Mehta Investment Interrmediats, said “The Indian market for EVs is expected to explode over this decade at an estimated compounded annual growth rate (CAGR) of 49%. The Government of India has set an ambitious target of 30% market share of EV vehicles by 2030. This would translate to about 5 crores to 8 crores EVs on the road by 2030. It is expected that a total investment of Rs 14 lac crores would be made by 2030 to achieve this target.

The ACE-Electric iBasket consists of 24 companies that are direct or indirect beneficiaries of EV theme across the EV ecosystem which includes automobiles & auto parts, machinery, equipment & components, battery and charging infrastructure, electrical utilities, banking services and oil & gas.

The basket is suitable for all investors wanting to participate in the India EV theme on mobility transformation to green energy in a diversified and structured manner.

The whole EV ecosystem is expected to benefit from this shift in the mobility industry. OEMs across the auto industry viz., 2 wheelers, 3 wheelers, passenger vehicles, commercial vehicles, etc would benefit from this.

Even in the passenger vehicle (PV) and commercial vehicle(CV)space the green shoots of the acceptance of EVs and its promising future is clearly visible. Major players are expecting the share of EV sales in their portfolio to be in low to high teens in the next 2-5 years. The sales of EVs in the PV and CV segment is growing exponentially, albeit from a low base.

The burden of oil imports, rising pollution, Russia-Ukraine war escalating price inflation, as well as international commitments to combat global climate change are key factors motivating India's policies to speed up the transition to e-mobility on one hand and growing consumer appetite on the other.

Also, the need for pollution free transport to reduce the fast-increasing challenge of global warming is on the top agenda for all the governments across the globe. This has led to a rigorous effort by several countries to scout for an alternate source of energy for transportation and move away from fossil fuels. Billions of dollars are being spent on R&D in electric vehicles, hydrogen-based fuel, etc.

The basket has been created by following our scientific investing framework for selection of companies to invest. The framework focuses on safety through elimination of companies that are capital destroyers, eroders and imploders and investing only in companies that are capital multipliers. The growth of the basket is taken care of by investing in a promising growth vector which includes the entire ecosystem” he explained.

 

 

About us

Asit C. Mehta Financial Services Ltd ,which was established in 1984 with a vision to become a trusted intermediary in the Indian financial markets, has successfully  transitioned  to be  a leading fintech conglomerate in Indian equity market transforming investment complexity into compounding value.

The Company provides Indian investors with the access to appropriate financial products, services, and solutions to maximize returns through well-diversified investment planning and strategies.

The Company that is listed on BSE Ltd offers a wide variety of tech led financial services to support its diverse set of customers via its group companies such as Asit C. Mehta Investment Interrmediates ltd (ACMIIL), Pentation Analytics Pvt Ltd, AI platform provider Edgytal Fintech Investment Services Pvt Ltd, a full-service digital marketing solutions provider”.