India's EV industry rapidly grows with new investment options

India's electric vehicle (EV) industry is rapidly growing, boosted by government support and lower battery costs. The government is prioritizing EV adoption with initiatives like FAME and subsidies, making them more affordable than traditional petrol and diesel cars. In 2023, EV registrations in India reached new records, reflecting a shift towards cleaner mobility. The Indian EV market is expected to grow significantly, possibly reaching $118 billion by 2032. The Nifty EV & New Age Automotive ETF is a new investment option for those looking to benefit from this boom. It includes stocks from leading companies in the EV sector, such as automakers, battery manufacturers, and software developers. This ETF allows investors to diversify their holdings without having to choose individual stocks. This ETF captures the entire EV ecosystem, covering not just car manufacturers but also key components and innovative technology. It is designed to be cost-efficient, offering real-time trading and periodic updates to keep up with market changes. Investing in this ETF provides an opportunity to participate in the transformation of mobility in India, as the world increasingly shifts towards electric vehicles.