Electric Vehicles

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.

Core — the theme IS a principal business todayGrowing — real operations, not yet the main businessAnnounced — committed plans or orders, little revenue yetMention-only — appears only as outlook language
BhelHeavy Electrical EquipmentMention-only₹1.44 L CrP/E 42.8 vs 33.9ROCE 4.7%

E-mobility is listed as one of several industry segment areas served by BHEL, with no specific EV products, orders, or revenue mentioned in the provided text.

The Industry Segment caters to major equipment supplies and EPC works for a number of industries including transportation, transmission, defence & aerospace, captive power plants, process industries, renewables, upstream and downstream oil & gas, e-mobility and energy storage, among others.

Annual Report · p. 33
CG Power And Ind SolHeavy Electrical EquipmentMention-only₹1.37 L CrP/E 105.0 vs 33.9ROCE 19.2%

CG's Stamping and Laminations product line is listed as supplying laminations for electric vehicles, but no dedicated EV programme or revenue scale is described.

Railway motors, electric vehicle laminations.

Annual Report · p. 35
NHPCPower GenerationMention-only₹76,493 CrP/E 22.8 vs 22.3ROCE 2.7%

EV is referenced only as a future grid-integration theme in the CMD's vision statement; NHPC does not manufacture EVs or EV components.

The vision also emphasizes meeting sustainable energy targets through the integration of Artificial Intelligence (AI), along with the adoption of other new and emerging technologies such as: EV integration into the grid, cybersecurity and digital protection, green hydrogen, bioenergy and energy storage.

Annual Report · p. 16
Navin Fluorine Int.Specialty ChemicalsMention-only₹41,943 CrP/E 52.7 vs 30.0ROCE 16.4%

EVs cited only as an industry tailwind driving demand for fluorochemicals; no direct EV exposure.

emerging sectors like renewable energy and EVs, AI-driven hyper-data centres and semiconductor manufacturing are increasing demand for high-performance fluorochemicals and specialty chemicals.

Annual Report · p. 15
SJVNPower GenerationMention-only₹25,976 CrP/E 122.4 vs 22.3ROCE 2.8%

EV integration into the grid is mentioned only as part of the Chairman's aspirational vision, with no EV manufacturing, sales or component business disclosed.

The vision also emphasizes meeting sustainable energy targets through the integration of Artificial Intelligence (AI), along with the adoption of other new and emerging technologies such as: EV integration into the grid, cybersecurity and digital protection, green hydrogen, bioenergy and energy storage.

SJVN Ltd - 533206 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 5
Carborundum UniversalAbrasives & BearingsMention-only₹22,231 CrP/E 188.8 vs 95.2ROCE 5.9%

Electric mobility is cited as an emerging customer-need area and 'Electric Vehicles' is listed as a downstream industry, but no specific EV product line, revenue or committed project is disclosed.

Customers today are looking beyond standard products for specialised, high-performance solutions, especially in areas like electric mobility, electronics and precision manufacturing.

Annual Report · p. 17
Gabriel IndiaAuto Components & EquipmentsMention-only₹20,408 CrP/E 83.3 vs 26.9ROCE 21.9%

The SK Enmove JV product list includes E-fluids for EVs and E-thermal fluids, positioning Gabriel India in EV-adjacent lubricants, though no current EV-specific revenue exists.

E-fluids for electric vehicles

Annual Report · p. 34
Godawari Pow & IspIron & Steel ProductsMention-only₹15,084 CrP/E 17.8 vs 16.9ROCE 17.0%

GPIL operates an internal EV fleet (e-loaders, e-two-wheelers) for captive logistics use; it does not manufacture or sell EVs.

Our growing EV fleet and clean energy initiatives are aligned with our long-term vision of achieving net-zero emissions by 2050.

Annual Report · p. 4
Cartrade TechE-Retail/ E-CommerceMention-only₹14,718 CrP/E 62.1 vs 14.7ROCE 10.5%

EVs listed only as a future adjacency focus area in their roadmap under 'Others', with no concrete plans, capex or revenue mentioned.

Others y Electric Vehicles y Ownership/Rideshare y Connected Vehicles y Emerging Trends

Annual Report · p. 28
Ramkrishna ForgingsAuto Components & EquipmentsMention-only₹13,337 CrP/E 95.7 vs 26.9ROCE 2.0%

MD&A flags the EV transition as opening demand for forged motor shafts, drivetrains and structural parts, positioning EVs as a sector tailwind for the Company's forgings business.

The transition towards electric vehicles (EVs) opened new avenues for forged components in motor shafts, drivetrains, and structural parts, even as internal combustion engine (ICE) platforms sustained volume.

Annual Report · p. 35
Balaji AminesSpecialty ChemicalsMention-only₹6,713 CrP/E 35.1 vs 30.0ROCE 9.9%

EV battery chemicals are listed as an emerging application/growth driver for the Indian aliphatic amines sector in which Balaji operates, but are not part of the company's current product portfolio.

Emerging applications in automotive and electronics sectors, including EV battery chemicals, electronics-grade solvents, semiconductor cleaning agents, and lightweight material additives.

Annual Report · p. 30
Kiri IndustriesDyes And PigmentsMention-only₹2,863 CrP/E 0.3 vs 19.4ROCE 86.1%

EVs are cited only as an emerging end-market for the broader Indian specialty chemicals industry; no Kiri Industries-specific EV exposure is described.

Emerging sectors, such as electric vehicles (EVs) and advanced materials, also present new avenues for specialty chemical applications.

Annual Report · p. 36
Zodiac-jrd-mkjGems, Jewellery And WatchesMention-only₹42 CrP/E 6.3 vs 13.1ROCE 5.3%

EVs are referenced only as a market rationale for acquiring Aerocom Automotives, an automotive component maker for Mahindra & Mahindra; no EV-specific products or components are described.

In order to tap the growing market of the automobile industry and to benefit from the increasing demand of electric vehicles, we intend to grow and diversify our business operations by acquiring this Entity.

Zodiac-JRD-MKJ Ltd - 512587 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 30
Benara Bearings and Pistons LiIndustrial ProductsMention-only₹19 CrP/E 0.4 vs 23.8ROCE 124.0%

EVs mentioned only as industry outlook context for the auto components business; no specific EV products or revenue indicated.

Combustion Engine (ICE) vehicles and EVs are expected to grow well in the next 3-5 years.

Benara Bearings and Pistons Ltd - 541178 - Reg. 34 (1) Annual Report. · Aug 2026 · p. 29
How this list is built

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”.

MarketPing publishes facts, filings and measured history only — nothing on this page is investment advice, a recommendation or a rating.