Synopsis:
China’s lithium export curbs from November 2025 may disrupt Ola Electric and Ather Energy due to high dependence on Chinese supplies, whereas Bajaj Auto, Hero MotoCorp, Tata Motors, M&M, and Olectra Greentech are better positioned with diversified revenue.
Starting November 8, 2025, China will implement strict export restrictions on lithium battery components, advanced battery technologies, and essential materials that power electric vehicles worldwide.
Ola Electric and Ather Energy are expected to be the most affected among Indian EV stocks following China’s strict lithium export restrictions, effective November 8, 2025, as both companies rely heavily on Chinese suppliers for lithium-ion battery cells, cathode/anode materials, and advanced components.
These restrictions could disrupt supply chains, raise costs, and squeeze margins for both Ola and Ather, although both are working to localize sourcing and form partnerships with Indian component makers to mitigate long-term risks.
Companies to be most affected
Ola Electric Mobility Ltd is an Indian electric vehicle (EV) company focused on designing, manufacturing, and selling electric two-wheelers. Ola Electric also invests in EV infrastructure, including charging networks and battery-swapping solutions, and has positioned itself as a key player in India’s growing EV ecosystem.
With market capitalization of Rs. 23,863 cr, the shares of Ola Electric Mobility Ltd are currently trading at Rs. 54.30 per share, up 3% in today’s market session making a high of Rs. 54.40, from its previous close of Rs. 52.75 per share.
Ather Energy Ltd is an Indian electric vehicle (EV) company specializing in smart electric scooters and EV infrastructure. Ather Energy focuses on innovation, combining high-performance electric scooters like the Ather 450X with connected technology features such as touchscreen dashboards, mobile apps, and over-the-air updates.
With market capitalization of Rs. 25,098 cr, the shares of Ather Energy Ltd are currently trading at Rs. 657.30 per share, up 4% in today’s market session making a high of Rs. 663.15, from its previous close of Rs. 635.50 per share.
Companies to be less affected
By contrast, established two-wheeler giants Bajaj Auto and Hero MotoCorp are less affected by China’s lithium export restrictions as EV sales form a small part of their revenues. Their main revenue still comes from internal combustion engine (ICE) vehicles, reducing the impact on the overall business. Further, in the four-wheeler segment, Tata Motors, Mahindra & Mahindra, and Hyundai also have limited revenue from EVs compared to their total sales.
Written by Manideep Appana
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post EV stocks in focus after China imposes lithium export curbs, disrupting global battery supply chains appeared first on Trade Brains.