Govt's electric vehicle plan is electrifying these stocks

Electric vehicles may have a limited visibility on the Indian roads at the moment. But the government focus and push on electric vehicles (EVs) has led to a sharp rally in stock prices of small-cap companies with an exposure to EVs. Share price of two companies which are into electric buses- JBM Auto and Goldstone Infratech- have more than doubled since April this year. The government had first talked about its intent of making India a hundred per cent electric vehicle nation by 2030 in March this year.

Delhi headquartered JBM Auto, a company that has been present in the auto