NSE Indices unveils India’s 1st EV index

New Delhi: NSE Indices Ltd, a subsidiary of the National Stock Exchange (NSE), on Thursday launched the EV and new-age automotive index to track the performance of companies which form a part of the EV ecosystem. This would be the India’s first ever electric vehicle (EV) index. “The launch of the Nifty EV and new-age automotive index will facilitate creation of products which will create opportunity for asset managers to invest in the electric vehicle and new-age automotive market thereby providing an investment vehicle to investors,” NSE Indices said in a statement.