Policy● Neutral for Indian equities
The debate is settling, the business is moving. Time to look at a larger set? 9 sugar-ethanol ecosystem stocks for the watchlist
The brief
- Ethanol has taken over two decades to reach some scale
- India’s ethanol opportunity is bigger than blending target
- Ethanol blending does not damage vehicles, diversifies agri sector: Gadkari
- Automakers welcome CAFE-III rules; Citi favours Maruti, M&M and Hyundai
- 3X credits for range-extender EVs, ethanol benefits for hybrids: CAFE-III expands compliance options