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These stocks may stand to benefit from India’s growing electric vehicle market


India’s push toward electric vehicles is creating opportunities for companies in ancillary spaces such as battery manufacturing, according to an analyst at diversified financial services firm Motilal Oswal.The move toward electric vehicles is “inevitable” globally as well as in India, where higher fuel prices can make owning cars that run on electricity comparatively more affordable, Siddhartha Khemka, head of research for retail, said Monday on CNBC’s “Street Signs Asia.””The acceptability will increase once you have the infrastructure,” he said.There are two basic types of electric vehicles: Those that rely on batteries and the hybrid vehicles that use …

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