NSE will be introducing India’s first electric vehicle (EV) Index. The Nifty EV & New Age Automotive Index Index. The Index aims to track the performance of companies that are part of the EV ecosystem or are involved in developing new-age automotive vehicles or related technology.
Highlights
Top constituents by weightage
| Stock | Weightage |
|---|---|
| Bajaj Auto Ltd. | 7.08 |
| Tata Motors Ltd. | 6.49 |
| Mahindra & Mahindra Ltd. | 5.83 |
| Maruti Suzuki India Ltd. | 5.28 |
| Exide Industries Ltd. | 4.78 |
| Bosch Ltd. | 4.56 |
| Samvardhana Motherson International Ltd. | 4.45 |
| Eicher Motors Ltd. | 4.42 |
| CG Power and Industrial Solutions Ltd. | 4.3 |
| Himadri Speciality Chemical Ltd. | 4.28 |
Sector Representation
| Sector | Weightage |
|---|---|
| Automobile and Auto Components | 72.13 |
| Information Technology | 11.31 |
| Chemicals | 10.63 |
| Capital Goods | 6.39 |
| Oil, Gas & Consumable Fuels | 3.37 |
| Consumer Services | 0.18 |
Fundamentals
| P/E | P/B | Dividend yield |
|---|---|---|
| 33.07 | 6.09 | 0.72 |
Historical Chart
Note:
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The index has a base date of April 02, 2018, and a base value of 1000
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The overall weight of the stocks belonging to Group A (Manufacturing of 2W/3W/4W/PV/CV Electric and New age automotive vehicles) shall be capped at 40%.
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The weight of each stock belonging to Group A shall be capped at 8%. All other stocks are capped at 4%.
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The index is reconstituted semi-annually and rebalanced on a quarterly basis
Link to the NSE Factsheet:
https://www.niftyindices.com/Factsheet/Factsheet_NiftyEVNewAgeAutomotive.pdf