Hi
How about use of magnets for electric vehicles. electric vehicles need electric motors which in turn need magnets. Permenant Magnets India ltd can be a beneficiary. Mining companies which can mine magnetic minerals (rare earths) can also be explored. But since in india beach sand mining (good source of rare earth elements) is a closely regulated sector at present this may not offer any good companies. But the beach sands in the southern shore of India, ie kerala, TN, Andhra are the richest source of rare earths. At presently China is controling 95% of total Rare earth exploration. With a policy change from the Govt india can be a leader in this area
Discl. Holding permanent magnets India ltd from 40 range
Holding Cochin minerals and rutile at 140 range. (they could enter into rare earth mining once policy clarity comes)
So that includes airlines also. I am yet to heard about Electric airplanes. low demand will lead to low prices for crude and can benefit airlines increasing the margins.
I still see shift to Electric vehicles will be favored, given that cities like Delhi are choking from Pollution and Methanol will only marginally reduce the pollution. Since more research in now directed towards Graphene and fast charging, some company will achieve a breakthrough 
Commercialization of smart batteries might be the big game changer.
This does make M&M the frontrunner. Considering the future boom in taxi vehicles segment, their presence in it from now onwards augurs well.
Customs duty on lithium ion batteries has been raised to 20%.
Mahindra seems to be attaining a critical mass in EV in cab segment. This is their second win after their foray into Nagpur eCab initiative.
But where is lithium in India…and where is the lithium cell technology in
India… We still need to import lithium which is already cornered by China
globally…
What I see here is government’s focus on Make in India which will help local companies if they start manufacturing lithium ion batteries. Once there is demand, Indian battery manufacturers will find sourcing and technology for Lithium Ion batteries.
During investor call with Maruti, it was said that Suzuki is looking to buy lithium mines outside India. The Toshiba Denso partnership helps them as those guys already have mining agreements.
There is a news flashing on utvi that ashok lay land is going to launch e buses in india
Goldstone infratech is already manufacturing with Chinese comp BYD collaboration :-
Goldstone Infratech Ltd has announced its move to assemble electric buses in partnership with BYD Company Ltd, based in China.
The Hyderabad-based company has bagged its maiden order for supply of six pure electric buses to the Brihanmumbai Electricity Supply and Transport Undertaking (BEST), Mumbai.
Goldstone plans to assemble these buses in India in tie-up with BYD Auto Industry Co Ltd of China, with the bus body to be fully built in India.
Also their website show 2 models k7 and k9
This means Govt has made a complete reversal. This happens only in India! This guy said he will bulldoze if manufacturers don’t move to EV.
What this means is that oil and oil burners will dominate the Indian market if market forces don’t find a way for EV or fuel cell.
This clearly shows that the push towards EV was not a thought through push. It did not get any support from the car makers and now government is on back foot. Though EV clearly is the way forward but it may take its own course and this is something government has understood.
Companies are struggling to meet the BS VI norms and along with that EV investments will be a challenge specially when EV batteries are not locally manufactured and no proper charging infrastructure is in place. so this is a big u turn from the minister earlier statement of bull dozing the policy.
China on the other hand is leading the EV waving in the world.