Best Electric Bike Stocks To Buy In India

If you have a keen interest in the electric vehicle industry of India, then the electric bike stocks can be the right choice for you. These stocks offer a mix of rewards to investors, which entails the benefits generated from the growing demand for electric bikes, added with the increasing disposable income of the public.

Best electric bike shares in India means those shares which represent companies that are engaged in teh business of manufacturing and selling EV bikes. These equity shares target the two-wheeler manufacturers focused on developing and marketing electric motorbikes for the domestic and international markets. 

As the EV two-wheeler is a new and budding sector, you may find identifying and investing in the best electric bike stocks challenging. Therefore, we have curated a list of the best EV bike manufacturing companies to ease your investment journey. 

List of Best Electric Bike Stocks in India 

*Data is updated as of 4th March 2025 

Industry Overview – EV Two-Wheeler Industry

The Indian automobile industry is an ever-evolving sector with growing demands and changing consumer preferences.  As per a report, the Indian EV market is expected to grow at a fast pace and become the largest EV market by 2030. The exponential growth of this market can be attributed to rising fuel prices, government support, and rising environmental concerns. 

The automobile industry is dominated by two-wheelers, accounting for more than 70% of all registered vehicles. As for the two-wheeler EVs, the sale penetration of electric two-wheelers (e2ws) is expected to surpass 80% by 2030. 

Brief Overview of the Best Bike Shares In India

Bajaj Auto Ltd.

Bajaj Auto Limited was established on 29th November 1945. It is an Indian bike manufacturer which is globally known for its Pulsar bike series. As of FY 2024, Bajaj Auto Limited has a market share of 18.2% and sales of 21,21,492 units. 

To meet the growing demand for electric two-wheeler in India, Bajaj Auto Limited unveiled the Chetak Electric vehicle scooter in October 2019. As of December 2024, the Bajaj Chetak has clocked sales of 18,276 units and has acquired a market share of 25%. 

TVS Motor Company Ltd.

TVS Motor Company was founded in 1911, and since then, it has been manufacturing two-wheelers for the Indian and global markets. It is also known as the fourth largest two-wheeler manufacturer in the world. TVS has a manufacturing capacity of 4.95 million units and is present in 80 countries. 

In 2020, TVS Motor Company forayed into the electric vehicles segment with the launch of the I Qube scooter. It is an electric scooter, the first electric two-wheeler launched by the company. I Qube comes in three variants – I Qube, I Qube S, and I Qube ST.  As of 15th January 2025, the retail sales of the iQube scooter were registered at 9,804 units. 

Ola Electric Mobility Ltd.

Ola Electric Mobility was founded on 26th May 2017. The company is entirely engaged in the business of manufacturing EV two wheelers and related components like battery packs, motors, and vehicle frames. Ola Electric Mobility launched its first electric scooter in August 2021 under the brand name Ola S1. It further launched various variants of its EV scooter range, including Ola S1 Pro, Ola S1 Air, Ola S1 X+, Ola S1 X and many more. 

The sales of Ola Electric Scooters stood at 3,29,618 units in FY 2024, which was higher than the sales of 1,56,251 units in FY 2023 and 20,948 in FY 2022. 

Wardwizard Innovations & Mobility Ltd.

Wardwizard Innovations & Mobility Limited was incorporated on 20th October 1982. It is India’s first electric vehicle manufacturer listed on the Bombay Stock Exchange. The company’s business includes manufacturing electric vehicles and smart technology-based electronic appliances. It sells EV two wheelers under the brand name of “Joy E Bikes”  and electronic appliances under the brand name of “Vyom”.

Warwizard Innovations & Mobility Limited has a manufacturing capacity of 1 lakh E2W in a single shift, and they offer 9 variants of EV two-wheelers under the Joy e Bike brand name. The company primarily caters to customers aged 16 to 60 years, with a price range of Rs 71 k to Rs 242 K. 

Tunwal E-Motors Ltd.

Tunwal E Motors was founded in 2018 and is headquartered in Pune, Maharashtra, India. The company is engaged in the manufacturing of innovative EV 2-wheelers (E2Ws). It currently has a portfolio of 23 models, including 7 variants of 2-wheelers, a dealer base of 225, and is present in 19 states. Tunwal E Motors carries its business throughout the production process of E2Ws, which entails designing, development, manufacturing, and distribution. 

Disclaimer: The above electric bike stocks are mentioned for informational purposes only. You must conduct your own research to invest in best electric bike stocks so as to generate the highest possible returns.

Factors Affecting Best Electric Bike Stocks 

Market Share 

The EV sector is going on the path of becoming one of the most preferred avenues for investments. As a result, having a significant market share in such a growing sector becomes very important for the best electric bike stocks in order to offer large returns to investors.  

Government Policy 

Government policies and subsidies such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme and the Production Linked Incentive (PLI) scheme extensively impact the performance and selection of the best electric bike stocks. 

Tariffs and Trade Barriers

A large portion of EV components, such as batteries, charging infrastructure, and other related components, are sourced through imports in India. This reliance on imports affects the supply chain of EV two-wheelers, which directly influences the best electric bike shares. 

EV Infrastructure

Like ICE vehicles require fuel to operate, EV two-wheelers run on electricity. Thus, EV bikes are dependent on EV infra for successfully operating. Hence, the performance of the best electric bike stocks is influenced by the availability of the proper EV infrastructure in the country. 

Benefits of Investing in Electric Bike Shares

Exponential Return Potential 

Since the EV sector is constantly growing and is attracting a large investment from global markets, investors can replicate this growth and generate substantial returns by investing in the best electric bike stocks. 

Government Push 

To cater to the growing demand of the EV industry and position India at the forefront of electric bike manufacturing, the Indian government provides various incentives and schemes to achieve this objective. Hence, by investing in the best electric bike shares, investors can expose themselves to high returns generated from the subsidy and incentive-led sales of EV two-wheelers.

Growing Industry 

The EV sector is one of the most sought-after industries for investors due to high growth potential, consumer shift towards EVs and rising environmental concerns. This puts the best electric bike stocks in a unique position of compounding exposure. 

Risks of Investing in Electric Bike Stocks

Supply Chain Disruptions 

Production of electric bikes in India relies on an efficient supply chain. However, during the course of E2W’s manufacturing, any disruption in the supply chain can lead to a decrease in production and sales of EV bikes, which negatively impacts the price of the best electric bike stocks. 

High Competition 

The E2Ws segment faces constant competition from large, well-established corporations and other small companies. Increasing competition is a double-edged sword and can sometimes result in price depreciation of weak electric bike shares in India. 

Lack of Customer Belief

As the EV 2-wheelers (E2Ws) segment is still in the growing and development stage, consumers are still finding it challenging to shift to electric bikes, impacting companies’ sales and revenue. This also results in price depreciation of the best electric bike stocks. 

How to Invest in Best Electric Bike Stocks in India?

Step 1: Conduct thorough research on the best electric bike shares using fundamental and technical analysis. 

Step 2: Open a demat account on Univest to research or invest in EV two-wheeler stocks in India.

Step 3: Place a buy order for selected electric bike stocks by choosing the quantity of shares you wish to buy. 

Step 4: Track your returns in the portfolio section and wait for the right time to book profits on your investments. 

Wrapping Up 

• Best electric bike stocks refer to companies that are engaged in the business of procuring EV components and assembling them to manufacture and sell electric bikes. 
• Electric bike shares operate in the EV industry of the stock market. 
• These stocks come with a varied set of benefits for investors, such as high growth potential, Government support, and rising demand for EV bikes. 
• However, the best electric bike shares might look like a great investment opportunity, but they also carry substantial risks. 
• Investors must perform in-depth research about the industry trends, company performance, and other key factors before investing in the best electric bike stocks.  

FAQ on the Best Electric Bike Shares 

1. What are electric bike shares?

Electric bike shares refer to listed equities of those companies which are engaged in the manufacturing and distribution of EV two-wheelers. These organisations manufacture bikes that operate on rechargeable batteries instead of conventional fuels such as petrol and diesel. 

2. Which electric bike stocks are publicly traded in India?

The list of best electric bike stocks publicly traded in India:

*Data updated as of 04th March 2025

3. Can I invest in the electric bike stocks in India? 

Yes, you can invest in the best electric bike stocks in India through your demat account. You can also open a new demat account with univest to invest in these stocks. 

4. Which is the largest EV bike manufacturer in India? 

Hero Electric is the highest EV bike manufacturer in India. 

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