?? Today's Nifty EV & New Age Automotive Index Price
As of May 8, 2025, the Nifty EV & New Age Automotive Index reportedly closed at Rs. 2,783.60, showing a gain of 40.60 points or 1.48% for the day, according to data from Trendlyne. This performance contrasts with the broader market sentiment, which saw significant declines due to geopolitical concerns. However, Exchange Traded Funds (ETFs) tracking this index showed mixed results, with the Mirae Asset Nifty EV and New Age Automotive ETF (EVINDIA) closing slightly down at Rs. 27.63 (-0.36%), while the Groww Nifty EV & New Age Automotive ETF (GROWWEV) showed a gain in afternoon trading. The Nifty EV share price today reflects the dynamic nature of this thematic index, influenced by both specific company news within the sector and overall market trends.
For the most current, regularly updated Nifty EV share price, please refer to the live ticker section located above on this page. That section provides a real-time share price summary, including the top gainer loser stocks daily.
?? Nifty EV & New Age Automotive Index Historical Returns
Historical returns data for ETFs tracking the Nifty EV & New Age Automotive Index, as of May 8, 2025 (based on Mirae Asset ETF - EVINDIA via Tickertape), provides insight into its recent performance trends:
- 1 Week: 0.40%
- 1 Month: 10.39%
- 3 Months: -4.71%
- 6 Months: -12.22%
- 1 Year: -16.12%
Note: These returns are for an ETF tracking the index and may differ slightly from the index's direct performance due to tracking errors and expenses.
The performance analysis indicates strong positive momentum over the last month. However, looking at the 3-month, 6-month, and 1-year periods, the index (tracked via ETF) has seen negative returns, highlighting significant volatility and potential corrections following earlier gains. This pattern is common for thematic indices focused on emerging sectors like electric vehicles and new automotive technologies, which can be sensitive to policy changes, technological shifts, and investor sentiment cycles. The longer-term negative trend suggests the sector faced headwinds or valuation adjustments over the past year, despite recent positive short-term performance.
?? Nifty EV & New Age Automotive Index News and Updates
Key news and factors impacting the Nifty EV & New Age Automotive Index around May 8, 2025, include:
- Strong Performance of Key Constituents: Despite broader market weakness due to geopolitical tensions, certain key stocks within the Nifty EV stocks list performed strongly. Notably, Tata Motors, a major component of the index, surged significantly (~9% over two days) on optimism surrounding a potential India-UK trade pact and its business demerger plans. Strong individual performances like this can help cushion thematic indices against overall market declines.
- Geopolitical Tensions vs. Sector Resilience: The wider Indian stock market faced considerable selling pressure on May 8th due to escalated India-Pakistan tensions. While this typically impacts growth-oriented and thematic stocks negatively, the Nifty EV & New Age Automotive index showed resilience (based on Trendlyne data), potentially due to strong fundamentals or positive news flow for specific companies within the EV and new-age auto ecosystem outweighing the general risk-off sentiment for the day.
- Auto Ancillary and Component Developments: News impacting auto ancillary companies also influences this index. For instance, UNO Minda, a constituent involved in auto components, saw its stock rise following the announcement of a Rs 200 crore investment for capacity expansion on May 8th. Developments in battery technology, charging infrastructure, and component manufacturing for EVs are crucial factors affecting the nse nifty ev index.
These updates illustrate the complex interplay of company-specific news, sector-specific developments (like EV adoption rates, policy support), and broader macroeconomic factors influencing the Nifty EV & New Age Automotive share price.