Amara Raja, Minda: How to trade EV-related stocks ahead of Budget 2022?

Budget 2022 can spark much awaited upside in the EV related stocks

The auto industry will be looking forward for more incentives for the electric vehicles segment in the upcoming Union Budget 2022, as the government pushes towards use of green energy.

Meanwhile, while welcoming the Centre's policy announcements on the production linked incentive (PLI) schemes for ACC (advanced chemistry cell) battery, auto and auto components, and extension of FAME-2 scheme, the Automotive Component Manufacturers Association (ACMA) industry body urged the government for a uniform GST rate of 18 per cent on all auto parts to curb the impact of counterfeits in the aftermarket operations.

In its pre-Budget recommendations, ACMA