The Indian government is planning to reduce carbon emissions at airports by introducing electric vehicles (EVs) and charging infrastructure under the PM E-drive scheme. The scheme, with Rs. 10,900 crore allocated over two years which aims to subsidize the setup of public EV chargers, including at airports. The Ministry of Civil Aviation will collaborate with the Ministry of Heavy Industries to implement this. The electrification of ground support equipment (GSE) at airports will reduce carbon footprints and improve air quality. Private operators, like Adani Airport Holdings, are already transitioning to EV fleets to improve sustainability at airports.
Listed below are some of the stocks that might benefit from the government’s plan to expand electric infrastructure in intra-airports across India
Tata Motors
Tata Motors is a leading global automobile manufacturer, known for its diverse range of vehicles, including passenger cars, trucks, and electric vehicles (EVs). The company’s business model focuses on innovation, sustainability, and customer-centric solutions. Tata Motors invests in advanced technologies and strategic partnerships to enhance product offerings and expand its market presence.
With a market capitalization of Rs. 2,82,047.79 Crores, the shares of Tata Motors Limited were trading at Rs. 763.45 per equity share, down 0.20 percent from its previous day’s close price of Rs. 764.95.
Its Revenue from operations declined by 3.5 percent from Rs. 1,05,129 Crores in Q2FY24 to Rs. 1,01,450 Crores in Q2FY25, accompanied by a profit of Rs. 3,832 Crores to Rs. 3,450 Crores.
Mahindra & Mahindra, founded in 1945, is a leading Indian multinational conglomerate specializing in automotive, farm equipment, and technology services. Its business model emphasizes innovation, sustainability, and customer-centric solutions, producing vehicles and tractors while expanding into renewable energy and IT services across over 100 countries. The company aims to enhance livelihoods and drive positive change globally.
With a market capitalization of Rs. 4,01,305.41 Crores, the shares of Mahindra & Mahindra Limited were trading at Rs. 3,220.55 per equity share, up 0.33 percent from its previous day’s close price of Rs. 3,210.
Its Revenue from operations grew by 10.12 percent from Rs. 34,436 Crores in Q2FY24 to Rs. 37,924 Crores in Q2FY25, accompanied by profits of Rs. 2,484 Crores to Rs. 3,361 Crores.
Olectra Greentech
Olectra Greentech Limited, established in 2000, is India’s largest manufacturer of electric buses and composite polymer insulators. Its business model focuses on sustainable e-mobility solutions, producing electric buses and trucks while expanding its product line to support environmental goals and enhance urban transportation. The company aims to lead the electric vehicle market through innovation and strategic partnerships.
With a market capitalization of Rs. 12,342.07 Crores, the shares of Olectra Greentech Limited were trading at Rs. 1,503.65 per equity share, up 0.71 percent from its previous day’s close price of Rs. 1,493.10.
Its Revenue from operations grew by 70.68 percent from Rs. 307 Crores in Q2FY24 to Rs. 524 Crores in Q2FY25, accompanied by a profit of Rs. 19 Crores to Rs. 48 Crores.
Ashok Leyland
Ashok Leyland, founded in 1948, is a leading Indian manufacturer of commercial vehicles, including trucks and buses. Its business model focuses on innovation, sustainability, and extensive service networks, producing a diverse range of vehicles while expanding into electric and hydrogen-powered solutions. The company aims to enhance transportation efficiency and support various sectors, including defense and logistics.
With a market capitalization of Rs. 69,390.14 Crores, the shares of Ashok Leyland Limited were trading at Rs. 236.30 per equity share, up 0.17 percent from its previous day’s close price of Rs. 235.90.
Its Revenue from operations declined by 2.45 percent from Rs. 11,429 Crores in Q2FY24 to Rs. 11,148 Crores in Q2FY25, accompanied by profits of Rs. 569 Crores to Rs. 767 Crores.
Tata Power Company
Tata Power, established in 1910, is a leading integrated electric utility in India, focusing on renewable energy generation, transmission, and distribution. Its business model emphasizes sustainability and innovation, aiming to expand its renewable capacity significantly while providing comprehensive energy solutions, including electric vehicle charging infrastructure and smart grid technologies, to enhance energy efficiency and support India’s transition to clean energy.
With a market capitalization of Rs. 1,27,478.07 Crores, the shares of Tata Power Limited were trading at Rs. 398.95 per equity share, up 0.86 percent from its previous day’s close price of Rs. 395.55.
Its Revenue from operations declined by 0.25 percent from Rs. 15,738 Crores in Q2FY24 to Rs. 15,698 Crores in Q2FY25, accompanied by profits of Rs. 1,017 Crores to Rs. 1,093 Crores.
Written by Santhosh S
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