Even if India reaches 30-40% share of EV in PVs by 2030, it will not reduce more than 2% of India’s oil import needs. In India 75% of oil consumption is diesel. Most of it is long-distance trucks and buses, where EV is unviable due to weight of batteries. Source - Kotak Inst Rpt
@Noturavgotaku2 @KarthikS0 @soicfinance No? Look at Tata Steel earnings chart.
Anyway, why would someone want to hold onto a stock that by nature is supposed to be cyclical is beyond my understanding