Search+Business News›Markets›Stocks›News›Unexpected gainer of trouble in the Gulf? 13 stocks from backend of the EV shift, with upside potential of up to 33%Investment IdeasSynopsisMost investors seeking exposure to the EV shift choose the obvious: A pure EV company; a scooter or car maker. They are the face of the transformation, the front of the chain. But behind that visible brand is a long line of back-end businesses that most buyers never think about. And it is here that a great deal of the value and change actually lives. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.EVs have had a good few months in India, and part of the reason has nothing to do with electric vehicles at all. Some of the sharp rise in sales is, of course, because of the transformation already underway. But part of it is because of the fuel crisis caused by the latest war in the Gulf region.The spike in petrol prices at the pump has made the case for EVs for a lot of people who were not thinking about them. An idea that was already doing ETMarkets.com 20 mins readJul 26, 2026, 08:18:00 AM ISTGift this Story to your friendsFONT SIZEAbcSmallAbcMediumAbcLargeSAVEPRINTCOMMENTContinue reading with one of these options:Limited AccessFreeLogin to get access to some exclusive stories & personalised newslettersLogin NowUnlimited AccessStarting @ Rs120/monthGet access to exclusive stories, expert opinions & in-depth stock reportsSubscribe NowETUh-oh! This is an exclusive story available for selected readers only.Worry not. You’re just a step away.What’s Included withETPrime Membership
Unexpected gainer of trouble in the Gulf? 13 stocks from backend of the EV shift, with upside potential of up to 33%
Most investors seeking exposure to the EV shift choose the obvious: A pure EV company; a scooter or car maker. They are the face of the transformation, the front of the chain. But behind that visible brand is a long line of back-end businesses that most buyers never think about. And it is here that a great deal of the value and change actually lives. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
13 Indian EV suppliers target up to 33% upside as Gulf fuel crisis accelerates adoption beyond structural EV growth. Supply-chain infrastructure captures shift value—backend players benefit more from crisis-driven mass-market EV adoption than visible brands.
