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

Posted by : sachet | Thu Apr 24 2025

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.

Stock NamesCMP (in ₹)Market Capitalisation (in ₹)52-Week High (in ₹)52-Week Low (in ₹)Debt-to-Equity RatioReturns on EquityFace Value (in ₹)
Tata Motors Ltd.659.9232275 cr.1179567.81.0532.99%2
Bajaj Auto Ltd.8261.5227222 cr.127747089.350.1723.79%10
Ola Electric Mobility Ltd.52.5523408 cr.157.445.350.51-24.86%10
Olectra Greentech Ltd.1248.510224 cr.1960989.950.1911.43%4
Maruti Suzuki India Ltd.11907368906 cr.1368010725015.73%5
TVS Motor Company Ltd.2806.7129521 cr.29581890.11.8824.32%1
Mahindra & Mahindra Ltd.2917.8350321 cr.3270.9520011.6616.83%5

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.

  1. 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. 

  1. 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. 

  1. 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.

  1. 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.

  1. 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.

  1. 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. 

Stock NamesCMP (in ₹)Market Capitalisation (in ₹)P/E Ratio
Tata Motors Ltd.659.9232275 cr.7.31
Hyundai Motors Ltd.1721.4138441 cr.24.27
Bosch Ltd.2841582531 cr.40.74
Bajaj Auto Ltd.8261.5227222 cr.30.16
Escorts Kubota Ltd.3446.437576 cr.31.35

Best Performing EV Stocks With 5-Year Returns

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

Stock NamesCMP (in ₹)Market Capitalisation (in ₹)5-Year Returns
Tata Motors Ltd.659.9232275 cr.759.28%
Hyundai Motors Ltd.1721.4138441 cr.-10.88%
Bosch Ltd.2841582531 cr.169.65%
Bajaj Auto Ltd.8261.5227222 cr.245.84%
Escorts Kubota Ltd.3446.437576 cr.358.84%

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. 

Stock NamesCMP (in ₹)Market Capitalisation (in ₹)5-Year CAGR
Tata Motors Ltd.659.9232275 cr.52.80%
Hyundai Motors Ltd.1721.4138441 cr.12.8%
Bosch Ltd.2841582531 cr.-4%
Bajaj Auto Ltd.8261.5227222 cr.7.9%
Escorts Kubota Ltd.3446.437576 cr.8.3%

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. 

Let Univest guide you with expert tips, Download the app now!

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.

Download the Univest app now to begin sustainable investing with EV stocks in India!

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?

Stock NamesCMP (in ₹)Market Capitalisation (in ₹)
Tata Motors Ltd.659.9232275 cr.
Hyundai Motors Ltd.1721.4138441 cr.
Bosch Ltd.2841582531 cr.
Bajaj Auto Ltd.8261.5227222 cr.
Escorts Kubota Ltd.3446.437576 cr.

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.

Read Our Articles on the Best Stocks

Best Gold Stocks India

Green Energy Penny Stocks

Best Cement Stocks To Invest in India

What is Earnings Per Share EPS? 

Top Multibagger Penny Stocks For 2025 |  Potential Picks

Fundamentally Strong Stocks on NSE in 2025

Debt-Free Penny Stocks in India 2025

Best Realty Stocks In India 2025

Debt Free Penny Stocks Below 1 Rupee

Also Explore

Best Stocks Multibagger Stocks Penny StocksFundamentally Strong Stocks Sector Wise StocksPSU /Government Stocks
For Next 10 YearsFor Next 5 YearsSolar Penny StocksOn BSESolar Energy SectorPSU Stocks List
Long Term Below 100 rsTop 5 Penny StocksFor Long-TermHospitality Sector PSU Stocks in 2025
Best Bike StocksFor 2025Best Penny Stocks in IndiaPenny SharesHotel SectorGovernment Stocks in 2024
Best Liquor StocksHigh Growth StocksFor 2025Agriculture SectorGovernment Stocks List
Best Railway StocksUnder 500Penny Stocks Pharma SectorGovernment Stocks in 2025
Best Auto StocksFor 2026Oil and Gas Sector

Explore Current and Previous IPOs

CompanyOpening Date Closing Date
Arisinfra Solutions Limited 20th March 2025 25th March 2025 
Paradeep Parivahan Limited 17th March 2025 19th March 2025 
Divine Hira Jewellers Limited 17th March 2025 19th March 2025
Super Iron Foundry Limited11th March 2025 13th March 2025 
PDP Shipping & Projects Limited10th March 2025 12th March 2025
NAPS Global India Limited4th March 2025 6th March 2025 
Balaji Phosphates Limited 28th February 2025 04th March 2025
Shreenath Paper Products Limited25th February 2025 28th February 2025
Nukleus Office Solutions Limtied 24th February 2025 27th February 2025
Beezasan Explotech Limited 21th February 2025 25th February 2025 
HP Telecom India Limited 20th February 2025 24th February 2025

Explore Webstories on Univest 

1. Best Time To Buy Dividend Stocks

2. How RBI Policies Affect Dividend Stocks

3. Can Dividend Stocks Beat Inflation

4. What Is The Dividend Aristocrat List

5. Which Indian Psus Offer The Best Dividends

6. Large Cap Vs Small Cap Dividend Stocks

icon

100% Safe & Secure Platform.

Univest encrypts all data and transactions to ensure a completely secure experience for our members.

Copyright

2025 Univest. All rights reserved. | Designed with ❤️ in India
About Univest
About: Univest is a cutting-edge stock market platform designed to help traders and investors maximize their returns with expert-driven advisory services and seamless trading execution. Whether you're a seasoned trader or just starting, Univest simplifies your investment journey with actionable trade recommendations, AI-powered portfolio insights, and a fully integrated brokerage experience. With Univest, you gain access to proven stock market advisory, offering expert trade ideas for stocks, futures, options, and commodities. Our one-click trade execution feature eliminates slippage, ensuring instant execution through our advisory-first brokerage. Smart portfolio management allows you to identify underperforming stocks, optimize your investments, and receive real-time alerts. Additionally, Univest provides seamless investment opportunities beyond stocks, including mutual funds, bonds, fixed deposits, and insurance (coming soon). Join over 40 lakh active investors who trust Univest to make informed and profitable trading decisions. Start investing smarter today! 🚀  
Attention Investors : To ensure a smooth trading experience and prevent unauthorized transactions, investors must update their mobile number and email ID with their stockbroker or depository participant. As per regulatory requirements, investors are required to pay a stipulated amount as an upfront margin for trading in the Cash/FO segment. We encourage all investors to regularly check their securities in the Consolidated Account Statement (CAS) issued by depository to verify their holdings.Always verify alerts and transaction details received directly from the exchange or NSDL before proceeding with any trades. Please do not make payments through unverified email links, WhatsApp, or SMS. Always trade through a registered stockbroker and verify all details before making financial decisions.
 
Disclaimer: Investments in the securities market are subject to market risks. Please read all related documents carefully before investing. Brokerage will not exceed the SEBI prescribed limit. For more disclaimer /disclosure, visit https://univest.in/stock-broker or Univest App.We collect and use your contact information for legitimate business purposes, including providing updates on our products and services. We do not sell or rent your contact information to third parties. By submitting your details, you authorize us to contact you via Call/SMS, even if you are registered under DND. This authorization remains valid for 12 months.For grievances, please contact us at hello@unibrokers.in .
 
Univest Stock Broking Disclosures
Univest Stock Broking Private Limited - SEBI Reg. No. INZ000317437 (Stock Broker), NSE TM Code: 90392, BSE TM Code: 6866, MCX TM Code: 57290 and ICCL- Self Clearing Member Code: 6866, SEBI Reg. No. IN-DP-779-2024 (Participant), NSDL DP ID: IN304748.
 Risk Disclosures on Derivatives
1. 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
2. On an average, loss makers registered net trading loss close to ₹ 50,000
3. Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
4. Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Attention Investors: As per NSE circular dated July 6, 2022: https://nsearchives.nseindia.com/content/circulars/INSP52900.pdf, BSE circular dated July 6, 2022: https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220706-55, MCX circular dated July 11, 2022: https://www.mcxindia.com/docs/default-source/circulars/english/2022/july/circular-418-2022.pdf?sfvrsn=9401991_0, investors are cautioned to abstain them from dealing in any schemes of unauthorised collective investments/portfolio management, indicative/ guaranteed/fixed returns / payments etc. 
Investors are further cautioned to avoid practices like:
a. Sharing 
i) trading credentials – login id and passwords including OTPs.
ii) trading strategies,
iii) position details.
b. Trading in leveraged products /derivatives like Options without proper understanding, which could lead to losses.
c. Writing/ selling options or trading in option strategies based on tips, without basic knowledge and understanding of the product and its risks.
d. Dealing in unsolicited tips through platforms like Whatsapp, Telegram, Instagram, YouTube, Facebook, SMS, calls, etc.
e. Trading / Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers.
 Kindly read the Advisory Guidelines For Investors as prescribed by the Exchange with reference to their circular dated 27th August, 2021 regarding investor awareness and safeguarding client’s assets: https://nsearchives.nseindia.com/content/circulars/INSP49434.pdf
Kindly, read the advisory as prescribed by the Exchange with reference to their circular: NSE/ISC/51035 dated January 14, 2022 regarding Updation of mandatory KYC fields by March 31, 2022: https://www.nseindia.com/resources/exchange-communication-circulars# 
Attention Investors: Prevent unauthorised transactions in your Demat account by updating your mobile number with your depository participant. Receive alerts on your registered mobile number for debit and other important transactions in your Demat account directly from NSDL on the same day. Prevent unauthorised transactions in your Trading account by updating your mobile numbers/email addresses with your stock brokers. Receive information on your transactions directly from the Exchange on your mobile/email at the end of the day. Issued in the interest of investors. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI-registered intermediary (Broker, DP), you need not undergo the same process again when you approach another intermediary. As a business, we don’t give stock tips and have not authorised anyone to trade on behalf of others. If you find anyone claiming to be part of Univest Stock Broking Private Limited and offering such services, please send us an email at hello@unibrokers.in
No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor’s account.
Update your email ID and mobile number with your stockbroker/depository participant and receive an OTP directly from the depository on your registered email ID and/or mobile number. Check your securities/mutual funds/bonds in the Consolidated Account Statement (CAS) issued by NSDL every month.
Attention Investors: SEBI has established an Online Dispute Resolution Portal (ODR Portal) for resolving disputes in the Indian Securities Market. This circular streamlines the existing dispute resolution mechanism, offering online conciliation and arbitration, benefiting investors and listed companies https://www.sebi.gov.in/legal/circulars/jul-2023/online-resolution-of-disputes-in-the- indian-securities-market_74794.html. ODR portal for Investors - https://smartodr.in/login.
Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances.