Lithium Stocks in News : Investment in Lithium stocks Battery Manufacturers In India 2023

lithium stocks in india 2023
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Lithium stocks are Now we know that electrical gadgets like phones, laptops, cars etc. run on batteries, so we buy phones in such a way that they have more battery backup and longer battery life.  10 years ago, there was no such battery backup which was long lasting. But today such situation is not there, today lithium iron battery is used for long lasting backup. and for this reasons lithium stocks are now trending at good level.

The lithium market has grown rapidly as demand for the raw material continues to grow due to electric vehicles (EVs). As a result, it’s a hot market for investors — but not without its volatility. For investors, lithium stocks can be a recipe for steady returns during a market rally.

History of lithium in India:

Lithium is a chemical element with the atomic number 3 and symbol Li, and its color is silver.  This metal is very light in weight and the battery that makes it is also long lasting. India wanted to start the manufacturing unit of lithium battery because lithium battery is such a factor that can make any country rich.  But due to no availability of lithium in India, India has to import lithium batteries from China. As of today, China has about 4.5 million tones of lithium.

In search of lithium, India got Karnataka excavated, and from there they got only 16000 tones of lithium which was not enough to make batteries. But then in 2023, 5.9 million tones of lithium was found in an area of India’s Jammu and Kashmir, as a result of which India will now become the world’s 2nd largest lithium reserve country.  And at number 1 is Chile.  But you will be surprised to know that in the year 1991 itself, today China rules over 70 billion dollars of lithium battery market in the world, means 80%.

why Lithium is important for India?

India currently imports 70% of Lithium Iron Battery from China and Hong Kong, which means it imports more and exports less. according to the report, the lithium battery market in 2020 was 44.2 billion dollars, now it is estimated that in 2025 its market will be 94.4 billion dollars. According to some experts, there is going to be a shortage of lithium batteries in 2025 and the demand for lithium batteries is going to increase 3 times. Right now India has 13 lac EVs and if the manufacturing of lithium battery starts in India, the prices of electric vehicles will be low and people will be able to afford it, Indian government has set a target that by 2030, 30% of India’s population  Will use electric vehicles.

India’s import of crude oil will be reduced by 82 to 83% due to the construction of lithium batteries, and India will become the world’s largest hub for manufacturing electric vehicles in the next 5 years, which will open doors to new job opportunities, but it is not easy to target. India can become the world’s largest global player in electric vehicles in the coming years. India has offered to increase the production of lithium batteries that companies that manufacture lithium batteries will be exempted from tax and for this the government will also give an incentive of 18,000 Cr through the PCL policy. lithium stocks are more relatable for it.

lithium stocks for EV
Lithium Battery in India is going to be very profitable for the companies making Electrical Vehicles and Lithium stocks will bulish.

This reason can become an obstacle in the progress of India, therefore:

  • Indian Govt has given 1500 cr to the thrown labor people of NRLM to learn skills.
  • Tell that you people find this amount sufficient, it is a small amount for a country like India.
  • If India has to overtake China, then it should pay maximum attention to labor skills.
  • Countries like Chile, Bolivia have to depend on the technology of other countries for the extraction of their natural resources, if India wants to remove its dependence on such other country, then it can extract it by partnering with the public and private companies of its country. 
  • Battery should be manufactured using better technology, because India has many opportunities ahead, like Silicon Valley is troubled by China since covid, it is thinking of China’s alternative for battery import.

Who will benefit more from the manufacture of lithium batteries in India?

  • Manufacturing of Lithium Battery in India is going to be very profitable for the companies making Electrical Vehicles.
  • Like Mahindra & Mahindra Limited , Tata Power etc.
  • In the coming years, for this reason, its share price is going to be high, in future, these companies can be very good for investment.

Buy or Sell suggestion : 5 best lithium stocks to buy in India 2023

here it is the stocks which can be the best lithium stocks to buy in India for 2023 for long time and it will give a good returns as per the investors and analysts overview on it. best lithium stocks to buy now, fundamentally and technically strong and bullish stocks in lithium for investment are as follow.

  • Exide Industries Ltd (NSE: EXIDEIND)
  • Bharat Heavy Electricals Ltd (NSE: BHEL)
  • Amara Raja Batteries Ltd (NSE: AMARAJABAT)
  • HBL Power Systems Ltd (NSE: HBLPOWER)
  • JSW Energy Ltd (NSE: JSWENERGY)

Also read : The bumper boom in this multibagger stock made investors rich in a year 2023

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Which stock will boom in 2023?

HDFC Bank. A private-sector Indian bank, this bank has proved its mettle for long-term shareholding. TCS/Tata Consultancy Services: Engaged in the services of IT and digital business solutions, TCS is an Indian company under the Tata Group.

What is triangle lithium?

Chile, Bolivia and Argentina is called as Triangle lithium because they contain huge amount of raw lithium.

Where is lithium found in India?

Lithium is found in Jammu & Kashmir.

Who extracts lithium in India?

Khanji bidesh India limited ( KABIL) extracts lithium in India.

Which country is the richest in lithium?

Chile is the richest in lithium.

What are the best lithium stocks to buy in India?

This lithium stocks are trending on highs now.
Exide Industries Ltd (NSE: EXIDEIND)
Bharat Heavy Electricals Ltd (NSE: BHEL)
Amara Raja Batteries Ltd (NSE: AMARAJABAT)
HBL Power Systems Ltd (NSE: HBLPOWER)
JSW Energy Ltd (NSE: JSWENERGY)

Is it risky to invest in lithium?

However, investing in lithium stocks can also be risky, as the industry is subject to many factors, including fluctuations in commodity prices, changes in technology and government regulations.

Are lithium stocks a good investment?

lithium stocks are giving good returns to investors since last two years. lithium stocks can be risky, as the industry is subject to many factors. but its depends on situations of the nation.

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