The Nifty EV & New Age Automotive index aims to track the performance of companies that form a part of the EV ecosystem or are involved in the development of new-age automotive vehicles or related technology.
The Government of India, a key player in the global EV landscape, has consistently championed policies to foster EV adoption and position India as a manufacturing hub. This strategic approach has not only encouraged the production of EVs with cutting-edge technology but also enticed significant investments from renowned global EV manufacturers, bolstering the Make in India initiative.
The Nifty EV & New Age Automotive, India’s pioneering Electric Vehicle Index, is a testament to NSE’s commitment to offering innovative indices that align with market trends. The index will not only enable the creation of investment products but also open up avenues for asset managers to tap into the burgeoning electric vehicle and new-age automotive market, thereby providing attractive investment opportunities for investors.
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