Companies making electric vehicles or supplying EV-specific components, per their own annual reports — tiered so an EV maker and a company with an announced EV plan never look the same.
EV charging ecosystem is identified as a high-growth segment the company is assessing via its go-to-market strategy, with no stated current revenue.
“GTM strategy to assess the high growth segments like data center, energy storage, green hydrogen, EV charging ecosystem,etc.”
Torrent Power has identified EV charging infrastructure as a new-age business to selectively build, prioritising charging point connections in its licensed and franchised distribution areas.
“Explore emerging business opportunities such as hydrogen, storage and EV infrastructure”
Under its 'Scale Select High-Growth Niches' strategy, Aarti plans to expand DCB capacity partly to serve EV-linked PPS (polyphenylene sulfide) demand, indicating planned but not yet material EV-adjacent chemicals exposure.
“expand DCB capacity from 120 KTPA for fuel additives to 140 KTPA for EV-linked PPS demand and advance the Superform Chemistries Limited JV.”
Company is building a new greenfield EV manufacturing facility on 150 acres near Hyderabad, indicating a committed expansion in electric-vehicle manufacturing.
“Greenfield EV Manufacturing Facility under Construction on 150 Acres of Land situated at Near by Seetharampur, Chevella, Via Shabad Road, Hyderabad-509 217, Telangana.”
EV exposure is limited to a Vibrant Gujarat MoU for a statewide hydrogen and EV fuel-station network, with no operational EV business yet.
“two Vibrant Gujarat MoUs signed in FY26 covering ~855 MW of projects and a statewide hydrogen and EV fuel-station network”
CMR Green is constructing a new plant in Tamil Nadu's Future Mobility Park specifically to service EV component manufacturers, part of ~₹200 Cr FY27 capex guidance.
“Shoolagiri, Tamil Nadu Future Mobility Park site — positions CMR Green to directly service EV component manufacturers”
EV exposure is via the upcoming SiC semiconductor facility in Odisha (epitaxial wafer production targeted Q3 FY27), which is aligned to supply SiC devices for electric mobility applications — no current EV revenue.
“Silicon Carbide (SiC) manufacturing facility in Odisha, focused on building next-generation semiconductor capabilities for applications across electric mobility, renewable energy, aerospace, defence, and green hydrogen systems.”
MCSL has signed a Preferred Financier Agreement with Greaves Electric Mobility (and an MoU with BGauss Auto, p35) to finance electric two-wheeler purchases, representing newly announced EV financing partnerships.
“POWERING THE FUTURE OF E-MOBILITY TOGETHER Muthoot Capital Services Ltd. is delighted to announce the signing of a Preferred Financier Agreement with Greaves Electric Mobility Limited in Bengaluru.”
Company is proposing to amend its MOA to add manufacturing of all kinds of automobiles including electrical vehicles as a new business activity, indicating planned entry into EVs.
“9. To carry on the Business of Designing, simulation, testing, product development, production engineering and manufacturing of all kinds of Automobiles (including Internal Combustion Engines, Electrical vehicles) & high precision parts for Cargo movement, passenger movement”
Company is seeking shareholder approval at the AGM to alter its objects clause to add manufacturing, assembling and trading of electric vehicles, e-rickshaws, electric two/three/four-wheelers and EV charging infrastructure as permitted activities.
“To carry on the business of manufacturing, assembling, importing, exporting, buying, selling, leasing, distributing, servicing and dealing in electric vehicles, electric automobiles, e-rickshaws, electric two wheelers, three wheelers, four wheelers, commercial vehicles, batteries, lithium-ion batteries”
Actively planning to participate as a Charge Point Operator under the PM e-Drive EV charging programme through consortium/partnership models; no revenue yet.
“we are actively planning to participate as a PM e-Drive EV Charging Station Operator (CPO), carefully evaluating site control, sanctioned power loads, and payment architecture to ensure strong, site-specific station economics.”
Calcom has developed EV Type-2 chargers and produced 25 samples for prospective customers, but awaits approvals before any large-scale deployment.
“Your Company has successfully completed the development of EV Type-2 Chargers and manufactured 25 samples, which have been provided to prospective customers. The Company is currently awaiting customer feedback and approvals before commencing large-scale deployment.”
“We are consistently expanding our offerings across smart, outdoor, industrial, emergency and solar lighting segments, alongside emerging categories including BLDC fans and EV chargers.”
EV charging infrastructure is included in the company's amended object clause following its diversification into the energy sector, but no concrete EV-related orders or revenue are mentioned yet.
“The amended objects, inter alia, provide for undertaking activities relating to generation, production, transmission, distribution, trading and supply of electricity and energy from renewable and conventional sources, energy storage systems, Battery Energy Storage Systems (BESS), electric vehicle (EV) charging infrastructure and allied technologies and services”
Company altered its MOA during FY25-26 to add EVs (including batteries, charging, components, servicing, R&D) as a permissible business object, but no operations or revenue yet.
“to undertake business activities relating to electric vehicles (EVs), including EVs, batteries, charging infrastructure, components, servicing and R&D”
Definition used: Manufactures or sells electric vehicles, or supplies EV-specific components: traction motors, power electronics, EV batteries, charging infrastructure. Membership is extracted from each company’s newest annual report; every quote is validated against the report page before publishing, and core/growing tiers are confirmed by a second independent read (marked ). Companies whose reports our corpus hasn’t read yet simply aren’t listed — absence means unread, not “no exposure”.
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