Top EV Ancillary Stocks in India 2025 – Exide, Amara Raja, Siemens, Suprajit
By CapitalKeeper | Pre Market Opening | Indian Equities | Market Moves That Matter
⚙️ Day 2 – EV Ancillaries & Auto Components
Series: Green Energy & EV Ecosystem Theme | India 2025
Batteries | Motors | Cooling Systems | Wiring | Controllers
✳️ Introduction
While EV manufacturers grab headlines, it’s the ancillary ecosystem that ensures vehicles run reliably, charge safely, and scale affordably.
These companies are crucial in areas like:
- Lithium battery manufacturing & recycling
- Battery Management Systems (BMS)
- Motors, controllers, connectors
- Wiring harnesses and cooling tech
They benefit from OEM order books, tech exports, and India’s push for self-reliant supply chains under PLI schemes.
🔍 Key Ancillary Stocks Covered:
- Exide Industries Ltd
- Amara Raja Energy & Mobility Ltd
- Simmens India Ltd
- Suprajit Engineering Ltd
1️⃣ Exide Industries Ltd
🔧 Fundamentals:
- One of India’s largest battery makers
- Building GigaFactory under Exide Energy for Li-ion cells
- EV-ready across 2W, 3W, 4W platforms
- Partnered with SVOLT for lithium battery tech
📊 Technical Snapshot:
- CMP: ₹385
- Support: ₹370
- Resistance: ₹405 / ₹415
- RSI: 60 – Positive bias
- MACD: Fresh bullish crossover
- ADX: 30 – Strong trend confirmed
📈 Chart Setup:
✅ Breakout retest successful
✅ Bullish engulfing on daily
✅ Above 20 & 50 EMA
🎯 Trade Strategy:
- Buy Zone: ₹385–₹390
- Target 1: ₹405
- Target 2: ₹415
- Stop-loss: ₹374
2️⃣ Amara Raja Energy & Mobility Ltd
🔧 Fundamentals:
- Advanced EV battery division via Amara Raja Giga Corridor
- MoUs with Telangana, govt grants for cell tech
- Diversified into energy storage + EV infra
📊 Technical Snapshot:
- CMP: ₹981
- Support: ₹975
- Resistance: ₹1,020 / ₹1,080
- RSI: 64 – Near breakout
- MACD: Bullish signal line gap
- ADX: 36 – Strong, directional trend
📈 Chart Setup:
✅ Cup & Handle breakout on daily
✅ Volume spike above key resistances
✅ Forming higher-high, higher-low
🎯 Trade Strategy:
- Buy Zone: ₹980–985
- Target 1: ₹1,020
- Target 2: ₹1,080
- Stop-loss: ₹975
3️⃣ Siemens India Ltd
🔧 Fundamentals:
- EV charging systems, e-motor controllers
- Plays on automation + green electrification
- Key supplier for Tata, Mahindra EV infra
- Smart city & EV-ready grid tech exporter
📊 Technical Snapshot:
- CMP: ₹3,095
- Support: ₹3,040
- Resistance: ₹3,220 / ₹3,300
- RSI: 62 – Momentum building
- MACD: Flattish positive
- ADX: 25 – Mild trend in play
📈 Chart Setup:
✅ Strong base breakout
✅ Above all major EMAs
✅ Midway in rising channel
🎯 Trade Strategy:
- Buy Zone: ₹3,090–3,095
- Target 1: ₹3,180
- Target 2: ₹3,250
- Stop-loss: ₹3,040
4️⃣ Suprajit Engineering Ltd
🔧 Fundamentals:
- Manufactures cables, throttle controls, speed sensors
- Critical supplier to Hero, Ola, Ather, TVS
- High operating leverage in 2W & 3W EV shift
- Tech upgrades with foreign partners
📊 Technical Snapshot:
- CMP: ₹466
- Support: ₹448
- Resistance: ₹490 / ₹520
- RSI: 57 – Steady accumulation
- MACD: Just turned positive
- ADX: 22 – Early breakout signal
📈 Chart Setup:
✅ Flag formation
✅ Retest of channel breakout
✅ Volume supporting structure
🎯 Trade Strategy:
- Buy Zone: ₹460–₹470
- Target 1: ₹490
- Target 2: ₹515
- Stop-loss: ₹445
📘 Category Summary: EV Ancillaries
| Stock | CMP (₹) | Trend | RSI | Trade View | Target | Stop |
|---|---|---|---|---|---|---|
| Exide | 385 | Breakout | 60 | Buy Dips | 405/415 | 374 |
| Amara Raja | 980 | Momentum | 64 | Breakout Buy | 1,020/10,80 | 975 |
| Siemens | 3092 | Channel Up | 62 | Buy Strength | 3,180/3,250 | 3,040 |
| Suprajit | 462 | Base Setup | 57 | Buy Range | 490/515 | 445 |
🧠 CapitalKeeper Insights:
EV Ancillary stocks are tech enablers and multibagger foundations in the long run.
- Exide = Cell Manufacturing Transition
- Amara Raja = Storage + Infra Play
- Siemens = Automation & Grid Leader
- Suprajit = 2W EV Cable Niche
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