NSE launches Nifty EV & New Age Automotive Index
Last Updated: October 9, 2025 | 4 min read
Rishabh Oberoi
Financial Content Writer. 5 Years of experience of working and marketing Fintech Solutions.
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Last Updated: October 9, 2025 | 4 min read
Financial Content Writer. 5 Years of experience of working and marketing Fintech Solutions.
NSE Indices, a subsidiary of the National Stock Exchange of India (NSE), recently announced the launch of a thematic index, the Nifty EV & New Age Automotive index. The system tracks the performance of those who are part of the electric vehicle (EV) ecosystem or are involved in the development of new-age automotive vehicles or related technology.
The index was launched on May 30, 2024. It aligns with India's efforts to promote sustainable transportation and innovative automotive solutions.
The government consistently leads in framing policies for EV adoption. These policies aim to produce EVs with the latest technology within the country and attract investments from global EV manufacturers. The strategy is also in line with the Make in India campaign.
Mukesh Agarwal, CEO of NSE Indices said that the Nifty EV & New Age Automotive index is India’s first-ever electric vehicle index that aligns with NSE’s vision to provide innovative indices in line with market trends.
The launch of the Nifty EV and the new-age automotive index will facilitate the creation of products and will enable:
The index is expected to act as a benchmark for asset managers and be a reference index tracked by passive funds in the form of Exchange Traded Funds (ETFs), index funds, and structured products.
Currently, the Nifty EV & New Age Automotive index includes 33 stocks, including Tata Motors, Maruti Suzuki, Mahindra, Bajaj Auto, Exide Industries, Bosch, Samvardhana Motherson International, Eicher Motors, CG Power and Industrial Solutions and Himadri Speciality Chemical.
The overall weight of the stocks belonging to Group A (Manufacturing of 2W/3W/4W/PV/CV Electric and New Age automotive vehicles) shall be capped at 40%.The weight of each stock belonging to Group A shall be capped at 8%. All other stocks are capped at 4%," the exchange further said.
To be included in the index, a stock must be part of the Nifty 500 and involved in producing or supplying electric or new-age automotive vehicles, batteries, components, raw materials, or technology.
Currently, the National Stock Exchange (NSE) provides 17 theme-based indices, such as Nifty Commodities, Nifty India Consumption, Nifty CPSE, and Nifty Energy.It also oversees Broad Market Indices like Nifty, Nifty Next 50, and Nifty 100, in addition to 15 sector-specific indices like Nifty Bank and Nifty IT.
As of March 31, 2024, NSE Indices Limited, which owns and operates more than 350 indices under the Nifty brand, including the Nifty 50, uses Nifty indices as benchmarks for NSE-traded products.
Thense stock pricehas been skyrocketing since last year from Rs 3600 to Rs 6000 per share this year. This surge comes near the announcement of Financial results for FY 23-24, which led to an increase in trading activity of the share. The Average daily volumes and healthy financials suggest a strong positive sentiment in the eyes of investors.
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