Best EV Stocks in India - Electric Vehicle Stocks

Electric Vehicle (EV) stocks represent companies driving innovation in EV manufacturing, batteries, and charging infrastructure. With India’s shift to sustainable mobility, EV stocks offer high growth potential for investors. Explore top-performing Electric Vehicle stocks for a greener investment future.

List of Electric Vehicle Stocks

Below is a list of some of India's best EV stock sectors and their current share prices.

 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.
 

Overview of EV Stocks in India

Here's an overview of the 10 electric vehicle stocks in India:

Tata Motors Ltd

Founded in 1945, Tata Motors is a prominent player in the electric vehicle (EV) market in India. Headquartered in Mumbai, Tata Motors offers a range of electric vehicles and is focused on expanding its EV portfolio as part of its commitment to sustainable transportation.

Get more details about Tata Motors Ltd share price here.

Know the Tata Motors Ltd share price history here.

Bharat Electronics Ltd

Founded in 1954, Bharat Electronic Limited (BEL) is a leading manufacturer of aerospace and defense electronics. Headquartered in Bengaluru, Bharat Electronic provides solutions for electric vehicle charging infrastructure along with other services.

Get more details about Bharat Electronics share price here.

Know the Bharat Electronics share price history here.

Samvardhana Motherson International Ltd

Founded in 1986, Samvardhana Motherson International is a leading global supplier of automotive components offering a range of services for electric vehicles (EVs). Alongside offering automotive safety, electronic, and interior systems, it manufactures EV components like wiring harnesses, battery packs, and charging solutions.

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Bosch Ltd

Founded in 1886, Bosch is a global technology and engineering company providing a wide range of services for electric vehicles (EVs). It offers battery management systems, changing solutions, and electric drive units along with other services.

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Know the Bosch share price history here.

Hero Motorcorp Ltd

Founded in 1984, Hero MotorCorp is a leading manufacturer of motorcycles and scooters in India. With the launch of new electric two-wheelers, Hero MotorCorp is expanding its presence in the electric vehicle market.

Get more details about Hero Motorcorp share price here.

Know the Hero Motorcorp share price history here.

Bharat Forge Ltd

Founded in 1961, Bharat Forge is a leading manufacturer of automotive and industrial components. As a part of the expansion, Bharat Forge offers lightweight, high-performance components for EVs, including battery and motor housing, including other services.

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UNO Minda Ltd

Founded in 1958, UNO Minda is a prominent automotive components manufacturer in India. UNO Minda offers products such as electronic control systems, charging solutions, and EV batteries along with other services.

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Sona BLW Precision Forgings Ltd

Founded in 1995, Sona BLW Precision Forgings is a leading manufacturer of automotive components. Specializing in providing precision-engineered products for electric vehicles, Sona BLW Precision offers e-axles, electric powertrains, and components for EV motors alongside other services.

Get more details about Sona BLW Precision share price here.

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Exide Industries Ltd

Founded in 1947, Exide Industries is a leading manufacturer of lead-acid batteries in India. Expanding its presence in the electric vehicle (EV) sector, Exide Industries provides advanced lithium-ion batteries and energy storage solutions for EVs.

Get more details about Exide Industries share price here.

Know the Exide Industries share price history here.

Endurance Technologies Ltd

Founded in 1985, Endurance Technologies is a leading manufacturer of automotive components in India. Endurance Technologies supplies critical electric vehicle (EV) parts, including EV battery housings, driveline components, and suspension systems.

Get more details about Endurance Technologies share price here.

Know the Endurance Technologies share price history here.
 

Risk of investing in EV stocks

There are various risks associated with investing in EV stocks such as regulatory changes, market volatility, technological advancements, and competition in the sector. Moreover, you must be aware of the changes in energy prices, government regulations, and policy changes, and keep an eye on the financial health of EV companies. 
 

Benefits of investing in EV stocks 

There are several benefits of investing in EV stocks such as:

• Rapid growth: The demand for clean energy is constantly increasing which lead to grow of the renewable energy sector. This benefits EV companies to focus on technological advancement towards EV. 
• Government Aid: To promote EV energy, governments offer incentives and subsidies for EV energy to increase profitability. 
• Sustainability:  Focusing on renewable energy and reducing carbon emissions, EV companies contribute towards environmental sustainability attracting socially responsible investors. 
• Long term Demand: the demand of EV energy is constantly increasing and it will play a crucial role in future energy needs. Also, there is constant decline in the fossil fuels which presents the opportunity to explore EV. 

Factors to consider before investing in EV stocks

Below are the factors that you must consider before investing in EV stocks: 

• Market Volatility: EV stocks are volatile in nature. These stocks can be influenced by economic conditions, investor sentiments, and broader market trends.
• Financial Health: You should assess profitability, financial stability and debt level of EV companies that you want to invest in.
• Technological innovation: Over the years, there has been constant improvement in EV technology which has boosted the performance of the companies. In coming years, similar is expected however, any delay in technology advancement may natively impact the performance. 
• Changes in regulatory environment: Any changes in the government policies, incentives and subsidies may impact positively or negatively depending on the situation. This directly affects the profitability of the company. 
   

Features of Best EV Stocks in India

Here are some features of the best EV stocks in India:

Innovative product lineup: Diverse range of EV products to meet consumer needs.

Advanced technology adoption: Focus on battery management, electric drivetrains, and vehicle software.

Scalable manufacturing infrastructure: Robust capabilities for in-house component production.

Strategic industry partnerships: Collaborations with tech firms, battery manufacturers, and other automakers.

Government policy support: Incentives, subsidies, and supportive policies to accelerate EV adoption.

Solid financials: Stable revenue growth, profitability, and investment in R&D.

Sustainability practices: Active engagement in sustainability and environmental responsibility.

Extensive service network: Widespread service and charging infrastructure.

Global market presence: Potential for tapping into international markets.

Adaptability: Flexibility and adaptability to changing technology trends and consumer demands.
 

Conclusion
The electric vehicle (EV) business in India is quickly developing, creating several opportunities for investors. However, the dynamic nature of this industry, marked by rapid technical advancements and regulatory changes, emphasizes the significance of performing extensive research before making any investment decisions. By exercising caution and making educated decisions, you may capitalize on India's booming EV industry while contributing to a cleaner environment. Finally, before making any investment decision, it is important to open a demat account with a reliable stock market app.