Study on Financial Performance Analysis of Select EV Manufacturing Companies in India

The present study examines the financial performance of selected electric vehicle manufacturing companies in India, focusing on key metrics such as profitability, leverage, and liquidity. The study evaluates the financial health of seven prominent companies- Ather Energy, Greaves Electric Mobility, JBM Electric Vehicles, Tunwal E-Motors, Olectra Greentech, and Wardwizard Innovations & Mobility using time series analysis and regression models. By analyzing trends in sales, profit/loss, capital investments, and financial leverage from 2020 to 2024, the study uncovers key findings regarding the growth, challenges, and inefficiencies these companies face in the rapidly evolving electric vehicles sector. The study also provides actionable suggestions to enhance financial sustainability, focusing on cost management, strategic investments, and effective utilization of capital. The findings provide valuable insights into the financial dynamics of the Indian Electric Vehicles industry, which can assist policymakers, investors, and industry leaders in shaping the future of electric mobility in India.