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5 EV Supply Chain Stocks to Watch in 2026

5 EV Supply Chain Stocks to Watch in 2026
5 EV Supply Chain Stocks to Watch in 2026 · financialexpress.com

India wants lots of electric vehicles to drive on its roads.

To build an electric car, companies need many parts like lights, brakes, bearings, and lighter materials.

This article looks at five Indian companies that make these parts.

Olectra Greentech makes big electric buses for cities and has already put more than 3,600 of them on the road.

NRB Bearings makes small round parts called bearings that help wheels spin smoothly.

Sharda Motor makes exhaust systems and lightweight parts for many different kinds of vehicles.

Fiem Industries makes lights and mirrors for two-wheelers like scooters.

ASK Automotive makes brakes and lightweight aluminium parts for vehicles.

The Indian government is helping electric vehicles grow with special programs that give support and money.

These companies all made more money last year, but buying their stocks is still risky, so investors should be careful.

Key facts

Companies profiled
Olectra Greentech, NRB Bearings, Sharda Motor Industries, Fiem Industries, ASK Automotive
Olectra Greentech FY26 revenue
Rs 18,351.8 million
NRB Bearings FY26 revenue
Rs 13,351.5 million
Sharda Motor FY26 revenue
Rs 33,968 million
Fiem Industries FY26 revenue
Rs 28,156.09 million
ASK Automotive FY26 revenue
Rs 41,763.2 million
Electric bus penetration in India (FY26)
Nearly 4.7% of the overall bus industry
Supporting government schemes
PM E-DRIVE, PM eBus Sewa, PLI Scheme for Automobile and Auto Components, Make in India

Sources

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