2024-05-31 11:52:23
NSE launches new EV index, Tata Motors among top 10 stocks
The new Nifty EV & New Age Automotive index, launched by the NSE, aims to track the performance of companies active in the electric vehicles (EV) and new-age automotive segments. This includes manufacturers of electric and hybrid vehicles, hydrogen fuel-based vehicles, green hybrid vehicles, electric batteries, and components. Additionally, it encompasses companies producing or supplying raw materials relevant to EV and autonomous vehicle technologies, as well as, those building autonomous vehicles and supplying related technologies.
Bajaj Auto has a weightage of 7.08% in the Nifty EV & New Age Automotive index.
Tata Motors has a weightage of 6.49% in the index.
Mahindra & Mahindra has a weightage of 5.83% in the index.
Maruti Suzuki has a weightage of 5.28% in the index.
Exide Industries has a weightage of 4.78% in the index.
Bosch has a weightage of 4.56% in the index.
Samvardhana Motherson International has a weightage of 4.45% in the index.
Eicher Motors has a weightage of 4.42% in the index.
CG Power and Industrial Solutions has a weightage of 4.30% in the index.
Himadri Speciality Chemicals has a weightage of 4.28% in the index.
Source: ET
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