Best EV Stocks in India to Watch For 2025: EV growth stocks

EV Stocks in India are gaining massive popularity in India with the rapid growth in the Electric Vehicle (EV) industry. This growth is a result of the rise in consumer awareness regarding sustainability and environment-friendly practices. Investors are observing an upward trend in the demand for electric vehicles, so investing in EV stocks can be a wise choice to diversify the portfolio and gain early-mover advantages. 

What are EV Stocks?

EV stocks are shares of companies that operate in the electric vehicle industry, in the production or maintenance of electric vehicles in India. EV companies majorly diversify their businesses in various categories like manufacturing electric vehicles, developing software used in the EV industry, producing EV batteries or other related components, etc.

List of EV Stocks in India

Explore the top EV stocks in India to invest in 2025.

Disclaimer: The above table is for informational purposes only. Univest is not suggesting buying or selling these EV stocks in India. The data is derived from Univest stocks and is subject to real-time updates. 

EV Stocks in India: Company Overview

The top EV stocks in India include Tata Motors Ltd., Bajaj Auto Ltd., TVS Motor Company Ltd., and more. These EV sector stocks offer high-growth potential to investors who want to invest in sustainable companies.

1. Tata Motors Ltd.

Founded: 1945

Headquarters: Mumbai, Maharashtra

Market Capitalisation: ₹232275 cr.

Tata Motors Ltd. is a leading manufacturer of automobiles in India. The company is best known for its engineering excellence in utility electric vehicles, a strong commitment to innovation and a commitment to quality in the mobility solutions offered by it. The current market share of the stock is ₹659.9. This makes Tata Motors Ltd. an affordable yet highly competitive option among the EV stocks list.

2. Bajaj Auto Ltd.

Founded: 1945

Headquarters: Pune, Maharashtra

Market Capitalisation: ₹227222 cr.

Bajaj Auto Ltd. is a prominent automobile manufacturing company based in India. The company is among the top EV stocks in India. Expanding its product line with various two-wheeler and three-wheeler electric vehicles, the company aims to invest strategically towards participating in the EV industry. This stock is currently being traded at ₹8261.5 and is considered to be one of the promising EV stocks in India. 

3. Ola Electric Mobility Ltd.

Founded: 2017

Headquarters: Bengaluru, Karnataka

Market capitalisation: ₹23408 cr.

Ola Electric Mobility Ltd. is one of the most famous stocks in the EV stocks list with a substantial market share. The company has been consistently allocating funds towards the research and development team. This ensures that it is well prepared to survive its competition in dynamic market conditions. With a current price of ₹52.55, its reputation and financial soundness make it an attractive option for investing in EV stocks in India. 

4. Olectra Greentech:

Founded: 2000

Headquarters: Hyderabad, India

Market Capitalisation: ₹10224 cr.

Olectra Greentech is a leading company based in India that is known for its eco-friendly public transport across the country. With a rising awareness among consumers for environmentally suitable choices, the company plays a vital role in driving sustainability and reducing pollution in urban areas. Currently priced at ₹1248.5, it is a solid pick for investors seeking to invest in some of the best EV stocks in India.

5. Maruti Suzuki India Ltd.

Founded: 1981

Headquarters: Delhi, India

Market Capitalisation: ₹368906 cr.

Maruti Suzuki India Ltd. is making significant contributions towards the EV sector stocks. The company is one of the largest automobile manufacturers in India. With a strong focus on promoting sustainable and environmentally-friendly mobility solutions, the company owns a significant market share. The stock is currently priced at ₹11907, which positions it as one of the premium and top EV stocks in India.

6. TVS Motor Company Ltd.

Founded: 1979

Headquarters: Chennai, India

Market Capitalisation: ₹129521 cr.

TVS Motor Company Ltd. is a well-established manufacturer of automobile products in India. The company is diligent towards incorporating sustainable solutions by bringing electric vehicles to the market. With consistent innovations, the company has positioned itself among the best EV stocks in India. It is included in the EV sector stocks list and has a current market price of ₹2806.7.

7. Mahindra & Mahindra Ltd.

Founded: 1945

Headquarters: Mumbai, Maharashtra

Market Capitalisation: ₹350321 cr.

Mahindra & Mahindra Ltd. positions itself as one of the most prominent companies in the EV stocks list. It is among the biggest multinational manufacturers of electric vehicles. The company is significantly contributing to the government’s vision of encouraging more eco-friendly choices to sustain the environment and limit the negative impact of air pollution. The stock is currently traded at ₹2917.8, and is a solid pick among the top EV stocks in India.

EV Sector in India: Industry Outlook

India stands among the biggest automobile markets across the globe, leading to a significant impact on air quality due to pollution. With the transition of more consumers shifting towards sustainable products and services, the EV sector is expected to flourish. Advancements in technology will further elevate the overall growth of the industry. Long-term investors are anticipating this upward trend, resulting in increased demand for EV stocks in India. 

Moreover, the EV sector is heavily supported by the government as the government aims to promote environmentally friendly options. Thus, the EV sector in India is likely to be at the forefront of revolutionary developments with high growth potential. 

Best Performing EV Stocks With P/E Ratio

Explore the best EV Stocks in India with their P/E ratio. 

Best Performing EV Stocks With 5-Year Returns

Look at the best EV stocks in India based on 5-year returns.

Benefits of EV Stocks:

• High Prospects for Growth

In the coming years, it is anticipated that the electric vehicle market will experience an upsurge in demand. The EV sector stocks are diversifying in a high-growth environment, which can lead to huge potential for these companies to perform exceptionally well. Thus, investors with a long-term vision can anticipate high profit margins on their investments in stocks from the EV stocks list.

• Portfolio Diversification

Staying dependent on a specific asset class or industry can be risky if it underperforms. Thus, rational investors prioritise diversifying their portfolio with stocks from the best EV stocks in India. This helps them minimise the risk arising from uncertainties in the market, thus mitigating potential losses.

• Contribution Towards Sustainability

Investing in the top EV stocks in India provides the dual benefit of earning profits while simultaneously feeling ethical satisfaction. Making contributions to EV sector stocks on the NSE that promote sustainability for environment-friendly causes provides moral fulfilment to investors, thus ensuring a long-term vision.

• Access to Growing Industry

India is one of the biggest automobile markets across the globe. As more consumers shift towards sustainable products and services, the EV sector stocks are expected to flourish. The demand for the best EV stocks in India is rising, making it a growing industry with huge potential.

• Strong Government Support

With an increase in awareness of sustainability, the government is highly emphasising supporting EV sector stocks on the BSE. This support is often provided through subsidies, tax incentives, and other favourable policies to assist the convenient operations of the companies in the EV stocks list.

Best Performing EV Stocks With 5-Year CAGR

Explore the best EV stocks in India with a 5-year CAGR. 

Tips for investing in EV stocks:

• Understand the working of EV industry

The segment of EV sector stocks NSE is extremely diversified, with a wide range of EV-related products and services being offered. Getting an overview of the EV stocks list helps investors have a better understanding of how the industry works. Moreover, it also helps in anticipating future price fluctuations in the EV stocks in India. A solid understanding of these factors can enable investors to make well-informed decisions.

• Research thoroughly about company fundamentals

Researching thoroughly about the company fundamentals including the business model, sources of revenue, debt levels, etc. is extremely important. Ensuring that these fundamentals align with your investment goals can help in making well-informed and rational decisions. So, before choosing the top EV stocks in India, one must consider the company fundamentals.

• Check market capitalisation 

It is advisable to opt for companies of EV sector stocks BSE that own a significant market share in the EV industry. This indicates a sound financial standing and boosts investor confidence.

• Assess Government Policies & Regulatory Frameworks 

The EV stocks in India are highly sensitive to government policies and regulations. Investors should be well aware of any policy changes made by the government in order to ensure the safety of their investments. This is because any change in these policies could significantly impact the EV sector stocks’ performance.

• Analyse Adaptability to Upgrade

The best EV stocks in India invest in proper research and development, thrive on innovation, and maintain their market reputation. These factors indicate that they are well-positioned and ready to experience growth in the coming years. 

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Risks Associated With EV Stocks

• High Market Volatility 

Most companies in the EV stocks list are extremely vulnerable to market trends. Even minor shifts in the market sentiment can lead to significant price fluctuations in the EV sector stocks on the BSE. Such uncertainties might refrain conservative investors from investing in EV stocks in India.

• Tough Competition

There are a lot of companies that are expanding their operations and listing themselves among the top EV stocks in India. Competing with a large number of established companies can be challenging for those in the nascent stages. 

• Change in Technology

The industry of EV stocks in India is growing rapidly, with constant innovations to support the growth trajectory of the EV sector stocks on the NSE. If a company relies only on a particular technology, it may face the risk of technological obsolescence. 

• Reliance on Government Policies

The EV stocks in India are heavily dependent on government support and related policies. If at any point, the government changes certain policies or reduces the incentive support, many companies in the EV stocks list might underperform. These losses may be because of increased operational costs or a lack of opportunities.

• Uncertainty in Consumer Adoption

It is uncertain whether a significant part of the population will shift their preferences towards electric vehicles. This uncertainty regarding the demand for electric vehicles can largely impact the price fluctuations in EV stocks in India.

Conclusion

The segment of EV stocks in India is among the fastest-growing sectors in the country. With more awareness among consumers and businesses to shift towards sustainability, the demand for electric vehicles is anticipated to rise. This builds a high-potential market with promising returns on investments. So, investors can consider including the best EV stocks in India from the EV stocks list. However, gaining thorough knowledge about the EV sector stocks and being aware of the risks associated with them is extremely important.

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FAQs

What are EV stocks?

Ans. EV stocks are shares of companies that operate in the electric vehicle industry, in the production or maintenance of electric vehicles in India.

What are the best EV stocks in India?

What are the advantages of investing in EV stocks?

Ans. Investing in EV stocks in India offers multiple advantages to investors. Some of these benefits include portfolio diversification, high prospects for growth and access to growing industries. Moreover, EV sector stocks BSE are heavily supported by the government as they contribute towards a sustainable future.

Is it safe to invest in EV stocks?

Ans. Yes, it is safe to invest in EV stocks in India as they offer a high potential for growth. However, it is advisable to stay aware of the risks associated with them in order to ensure rational decisions while choosing shares from the EV stocks list.

How can I evaluate EV stocks?

Ans. Before investing in the best EV stocks in India, it is important to consider various factors while evaluating them. Some of these factors include understanding the EV industry, checking company fundamentals, analysing future growth prospects, and checking government regulations. Moreover, one should also factor in the capability of the companies in the EV sector stocks to adapt as per the consumer requirements and market conditions.

Disclaimer: This is for general information and education purposes only. The Securities quoted (if any) are for illustration only and are not recommendatory. Past performance does not guarantee any future returns. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

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