Best EV Stocks in India - Electric Vehicle Stocks

As India races toward a sustainable future, the electric vehicle (EV) revolution is gaining momentum. Investors are eager to tap into the potential of EV stocks, which are poised to drive the country's green transition. 

With government incentives, rising fuel prices, and growing environmental awareness, India's EV market is set to soar. Here is a look at some of the best EV stocks in India to watch for 2025.
 

List of Electric Vehicle Stocks

Disclaimer: The information provided on the above stocks is for informational purposes only. It is crucial to conduct thorough research before making any investment decisions regarding these stocks. We do not recommend trading any stocks without comprehensive research and professional financial advice. Always consult with a certified financial advisor to ensure informed and appropriate investment choices.
 

Table of Contents

1. List of Electric Vehicle Stocks
2. An Overview: EV Stocks in India
3. Advantages of Investing in EV Stocks in India
4. Risks Associated with EV Stocks in India
5. How to Choose the EV Stocks in India?
6. Who can invest in the EV Stocks in India?

An Overview: EV Stocks in India

Tata Motors Ltd

Tata Motors Ltd is a global automobile manufacturer, part of the Tata Group. It designs, manufactures, and sells a wide range of vehicles, including cars, trucks, buses, and electric vehicles. The company operates in over 175 markets globally.

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Bharat Electronics Ltd

Bharat Electronics Ltd is a leading public sector enterprise under the Ministry of Defence, India. The company specializes in the design, development, and manufacture of advanced electronic products for defense and civilian applications. BEL plays a vital role in the Indian defence sector.

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Samvardhana Motherson International Ltd

Samvardhana Motherson International Ltd is a leading global supplier of automotive components, offering a wide range of solutions from wiring harnesses to plastic components. The company has a strong presence in over 41 countries and serves several major automotive OEMs worldwide.

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Bosch Ltd

Bosch Ltd is a leading multinational technology and services company, known for its innovations in mobility, industrial technology, consumer goods, and energy & building technology. Bosch’s products and services are widely used across various industries worldwide.

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Hero Motocorp Ltd

Hero Motocorp Ltd is the world’s largest manufacturer of motorcycles and scooters. Based in India, the company produces a range of two-wheelers with a focus on performance, fuel efficiency, and innovation. Hero Motocorp has a significant presence in global markets.

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Bharat Forge Ltd

Bharat Forge Ltd is a global leader in manufacturing forged and machined components for various industries, including automotive, aerospace, power, and oil & gas. The company has a strong presence across several countries, with a focus on technological innovation.

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UNO Minda Ltd

UNO Minda Ltd is a leading manufacturer of automotive components, including electrical, electronic, and mechanical products. The company has a robust portfolio of products for global automotive markets and serves major OEMs with innovative solutions.

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Sona BLW Precision Forgings Ltd

Sona BLW Precision Forgings Ltd is a leading manufacturer of high-precision forged and machined automotive components, specializing in electric powertrains and other critical components for the automotive and industrial sectors. The company focuses on sustainable and innovative solutions.

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Exide Industries Ltd

Exide Industries Ltd is India’s leading manufacturer of lead-acid storage batteries, widely used in automotive, industrial, and home applications. The company has a strong presence across India and several international markets, providing reliable energy solutions.

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Endurance Technologies Ltd

Endurance Technologies Ltd is a leading manufacturer of automotive components, including aluminum castings, suspension, and braking systems. The company is focused on providing high-quality, cost-effective solutions for the global automotive industry.

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Advantages of Investing in EV Stocks in India

Investing in Electric Vehicle (EV) stocks in India offers several advantages such as:

Growing Market Demand: With increasing awareness about environmental concerns, India's shift towards EVs is accelerating, creating long-term growth potential for companies in the sector.

Government Support: The Indian government is heavily promoting electric vehicles through subsidies, tax incentives, and infrastructure development, making the EV market more attractive for investors.

Sustainability Trends: Global trends toward sustainability and reduced carbon emissions are driving demand for EVs, and India is no exception. Investors can benefit from the shift to cleaner energy solutions.

Technological Advancements: India's EV companies are adopting new technologies like battery innovations and smart infrastructure, which could increase the competitiveness and profitability of these stocks.

Potential for Growth in Infrastructure: As EV adoption grows, the demand for supporting infrastructure like charging stations and battery swapping facilities is rising, opening up more investment opportunities across sectors related to EVs.
 

Risks Associated with EV Stocks in India

Below are the risks associated with investing in EV stocks in India:

Regulatory Uncertainty: Government policies on EV incentives, subsidies, and environmental regulations can change unexpectedly, impacting the profitability of EV companies.

Infrastructure Challenges: The lack of widespread EV charging stations and a robust supply chain for battery production can hinder the adoption of electric vehicles and affect EV stock performance.

High Competition: The EV market in India is becoming crowded with both domestic and international players. Intense competition could drive down margins and create volatility in stock prices.

Battery Dependency: EVs rely heavily on batteries, and the supply chain for raw materials like lithium and cobalt can be unstable, leading to potential price fluctuations or supply shortages.

Consumer Adoption Rates: While EVs are gaining traction, they still face challenges like high upfront costs and range anxiety. Slower-than-expected consumer adoption can negatively impact the growth of EV stocks.
 

How to Choose the EV Stocks in India?

Choosing EV stocks in India can be exciting but requires careful consideration such as:

Company Fundamentals: Look for companies with strong financial health, stable earnings, and a solid balance sheet. Check if they have the necessary resources and infrastructure to scale up EV production.

Market Position and Innovation: Focus on companies leading in EV technology, battery manufacturing, or infrastructure development (like charging stations). Innovation and adaptability to changing trends are key.

Government Support & Policies: India is promoting EV adoption through subsidies, tax incentives, and policies. Check if the company benefits from such government support, as it can boost growth prospects.

Supply Chain and Partnerships: Investigate a company's supply chain, especially in battery technology and sourcing. Also, look for strategic partnerships with established automakers or tech companies that can help drive growth.

Growth Potential: Evaluate the company's long-term growth plans. Consider whether they are investing in R&D, expanding manufacturing capacity, or entering new markets to capture the increasing demand for EVs in India.
 

Who can invest in the EV Stocks in India?

Below are the points explaining who can invest in EV stocks in India:

Indian Citizens: Anyone who is an Indian citizen, whether residing in India or abroad, can invest in EV stocks listed on Indian stock exchanges (like NSE and BSE).

NRIs (Non-Resident Indians): NRIs can also invest in Indian EV stocks through their NRI accounts, but they need to comply with specific regulations, including the Foreign Exchange Management Act (FEMA).

Foreign Investors: Foreign individuals and institutions can invest in EV stocks through the Foreign Institutional Investor (FII) route, subject to the FDI norms of the Indian government.

Institutional Investors: Mutual funds, insurance companies, and pension funds can invest in EV stocks as part of their portfolio diversification strategies.

Retail Investors: Any individual investor, regardless of their income level, can buy shares of EV companies in India, as long as they have a demat account and trading account with a registered broker.

Conclusion
The electric vehicle (EV) market in India is growing fast, offering many chances for investors. However, because the industry is changing quickly with new technology and rules, it's important to do thorough research before investing. By being careful and making informed choices, you can benefit from India's growing EV sector while helping the environment. Also, before investing, make sure to open a demat account with BlinkX, a trusted stock market app.