Last Updated on Oct 25, 2024 by Vanessa Sequeira
The Indian EV market is on an impressive growth trajectory, expected to skyrocket from US$2 bn in 2023 to US$7.09 bn by 2025, aiming for 10 mn annual sales by 2030. Despite electric vehicles (EVs) making up only 1.3% of car sales in 2022, the sector’s potential is vast, with over a million EVs sold in FY 2022-2023 and projections pointing to a $113.99 bn market by 2029. This growth highlights the increasing interest in EV stocks in India, spanning from manufacturers like Tata Motors to battery giants like Exide.
In this article, let’s dive into the best EV stocks in India based on multiple factors: how they are invested in the electric vehicles sector, features of best EV companies, an overview of the EV sector in India, how to invest in the EV companies in India, and more.
Table of Contents
Best EV Stocks in India – Updated October 2024
Name | Sub-Sector | Market Cap (Rs. in cr.) | Close Price (Rs.) | PE Ratio | 1Y Return (%) |
Himadri Speciality Chemical Ltd | Commodity Chemicals | 32,956.49 | 667.60 | 80.23 | 163.04 |
Servotech Power Systems Ltd | Electrical Components & Equipments | 4,303.47 | 192.73 | 365.94 | 148.36 |
Vedanta Ltd | Metals – Diversified | 201,843.68 | 516.15 | 47.62 | 123.68 |
Amara Raja Energy & Mobility Ltd | Batteries | 25,885.17 | 1,411.85 | 27.70 | 119.47 |
Hindustan Copper Ltd | Mining – Copper | 33,758.81 | 349.10 | 114.32 | 116.97 |
Mahindra and Mahindra Ltd | Four Wheelers | 379,299.19 | 3,165.50 | 33.66 | 105.90 |
Exide Industries Ltd | Batteries | 43,481.75 | 511.55 | 49.60 | 96.75 |
Hero MotoCorp Ltd | Two Wheelers | 115,189.64 | 5,750.10 | 30.76 | 90.68 |
Hindalco Industries Ltd | Metals – Aluminium | 170,681.54 | 761.55 | 16.81 | 58.67 |
Tata Motors Ltd | Four Wheelers | 355,278.94 | 965.20 | 11.31 | 55.56 |
Note: The data is from 1st October 2024, and the top EV companies in India are sorted according to their 1Y return. The list is taken from Tickertape Stock Screener.
🚀 Pro Tip: You can use Tickertape’s Stock Screener to research and evaluate stocks with over 200+ filters and parameters.
Invest in the Best EV Stocks Selected by SEBI-Registered Analysts
Did you know that you can invest in readymade electric vehicle stock portfolios managed by SEBI-registered experts?
But, before that, let’s look at what smallcase is.
smallcases are modern investment products that help investors build low-cost, long-term & diversified portfolios with ease. A smallcase is a basket or portfolio of stocks/ETFs representing an idea – an objective, theme, or strategy. They are created and managed by SEBI-registered experts.
Among 500+ smallcases, here’s the top electric vehicle smallcase:
Disclosures for Electric Mobility smallcase
Disclosures for Green Energy smallcase
Note: The smallcase is mentioned only for educational purposes and are not meant to be recommendatory. Investors must conduct their own research and consult a financial expert before making any investment decisions.
Details of the Top EV Companies in India
Himadri Speciality Chemical Ltd
Himadri Speciality Chemical Ltd was founded in 1987 and is a prominent player in the speciality chemicals sector. It primarily operates in carbon-based products, with key offerings including coal tar pitch, carbon black, and other advanced materials.
As of 1st October 2024, Himadri Speciality Chemical Ltd had a market capitalisation of Rs. 32,956.49 cr. and a closing stock price of Rs. 667.60. The company’s price-to-earnings (PE) ratio is 80.23, and its 1-year return stands at 163.04%, highlighting strong performance over the last year.
Servotech Power Systems Ltd
Servotech Power Systems Ltd, established in 2004, provides innovative energy-efficient solutions. The company plays a crucial role in supporting renewable energy through its solar inverters, EV chargers, and various power backup devices.
As of 1st October 2024, Servotech Power Systems Ltd had a market capitalisation of Rs. 4,303.47 cr. with a closing stock price of Rs. 192.73. The company’s PE ratio is 365.94, reflecting high investor growth expectations. Its 1-year return is 148.36%, showing significant appreciation.
Vedanta Ltd
Vedanta Ltd, founded in 1979, is one of India’s leading diversified natural resources companies. It operates across sectors such as zinc, lead, silver, aluminium, iron ore, oil & gas, and power. The company plays a major role in resource extraction, contributing to India’s industrial growth.
As of 1st October 2024, Vedanta Ltd had a market capitalisation of Rs. 201,843.68 cr. with a closing stock price of Rs. 516.15. Its PE ratio is 47.62, and the 1-year return is 123.68%, indicating strong stock performance in the past year.
Amara Raja Energy & Mobility Ltd
Founded in 1985, Amara Raja Energy & Mobility Ltd, formerly known as Amara Raja Batteries, is one of the largest manufacturers of lead-acid batteries in India. The company serves sectors including automotive, telecom, and renewable energy. Recently, the focus has shifted to energy storage and electric mobility solutions.
As of 1st October 2024, Amara Raja Energy & Mobility Ltd had a market capitalisation of Rs. 25,885.17 cr. with a closing stock price of Rs. 1,411.85. The company’s PE ratio is 27.70, and its 1-year return stands at 119.47%, reflecting robust growth.
Hindustan Copper Ltd
Hindustan Copper Ltd was founded in 1967 and is a public sector enterprise under the Ministry of Mines, Government of India. It is involved in mining, beneficiation, smelting, refining, and production of copper and copper-related products.
As of 1st October 2024, Hindustan Copper Ltd had a market capitalisation of Rs. 33,758.81 cr. and a closing stock price of Rs. 349.10. Its PE ratio stands at 114.32, with a 1-year return of 116.97%, showcasing its solid stock performance.
Mahindra and Mahindra Ltd
Founded in 1945, Mahindra and Mahindra Ltd is a leading player in the automotive sector. It’s particularly known for its four-wheelers, including SUVs, electric vehicles, and commercial vehicles.
As of 1st October 2024, Mahindra and Mahindra Ltd had a market capitalisation of Rs. 379,299.19 cr. with a closing stock price of Rs. 3,165.50. The company’s PE ratio is 33.66, and its 1-year return is 105.90%, indicating a strong uptrend in stock performance.
Exide Industries Ltd
Exide Industries Ltd, founded in 1947, is one of India’s largest manufacturers of lead-acid storage batteries. The company is also investing heavily in advanced battery technologies, especially for electric vehicles.
As of 1st October 2024, Exide Industries Ltd had a market capitalisation of Rs. 43,481.75 cr. and a closing stock price of Rs. 511.55. The PE ratio stands at 49.60, with a 1-year return of 96.75%, reflecting solid growth.
Hero MotoCorp Ltd
Hero MotoCorp Ltd, established in 1984, is the world’s largest manufacturer of two-wheelers. The company is a dominant player in the Indian motorcycle market, offering a range of bikes and scooters.
As of 1st October 2024, Hero MotoCorp Ltd had a market capitalisation of Rs. 115,189.64 cr. and a closing stock price of Rs. 5,750.10. Its PE ratio is 30.76, with a 1-year return of 90.68%, showcasing consistent performance in the two-wheeler segment.
Hindalco Industries Ltd
Hindalco Industries Ltd, founded in 1958, is a leading player in the aluminium and copper manufacturing industry. The company operates as part of the Aditya Birla Group and is a global leader in aluminium rolling and copper smelting.
As of 1st October 2024, Hindalco Industries Ltd had a market capitalisation of Rs. 170,681.54 cr. with a closing stock price of Rs. 761.55. Its PE ratio is 16.81, and the 1-year return is 58.67%, indicating moderate growth in the metals sector.
Tata Motors Ltd
Tata Motors Ltd, founded in 1945, is one of India’s largest automotive manufacturers, producing a wide range of vehicles, from passenger cars to commercial trucks. The company is also at the forefront of the electric vehicle revolution in India through its Tata EV line.
As of 1st October 2024, Tata Motors Ltd had a market capitalisation of Rs. 355,278.94 cr. with a closing stock price of Rs. 965.20. The company’s PE ratio is 11.31, and its 1-year return stands at 55.56%, showing consistent performance in the four-wheeler market.
Best EV Stocks in India – Based on The Highest Daily Volume
Name | Sub-Sector | Market Cap (Rs. in cr.) | Close Price (Rs.) | PE Ratio | Daily Volume |
Vedanta Ltd | Metals – Diversified | 201,843.68 | 516.15 | 47.62 | 14,071,685.00 |
Ashok Leyland Ltd | Trucks & Buses | 70,046.20 | 238.13 | 28.20 | 11,617,306.00 |
Tata Motors Ltd | Four Wheelers | 355,278.94 | 965.20 | 11.31 | 10,085,203.00 |
Motherson Sumi Wiring India Ltd | Cables | 31,027.34 | 70.18 | 48.61 | 7,624,525.00 |
Hindustan Copper Ltd | Mining – Copper | 33,758.81 | 349.10 | 114.32 | 7,394,842.00 |
Exide Industries Ltd | Batteries | 43,481.75 | 511.55 | 49.60 | 6,585,977.00 |
Hindalco Industries Ltd | Metals – Aluminium | 170,681.54 | 761.55 | 16.81 | 4,402,151.00 |
Mahindra and Mahindra Ltd | Four Wheelers | 379,299.19 | 3,165.50 | 33.66 | 4,028,211.00 |
Tata Chemicals Ltd | Diversified Chemicals | 28,853.70 | 1,132.60 | 107.66 | 3,781,132.00 |
Greaves Cotton Ltd | Industrial Machinery | 4,185.13 | 180.02 | -30.94 | 3,047,280.00 |
Note: The data is from 1st October 2024, and the top EV companies in India are sorted according to the highest daily volume. The list is taken from Tickertape Stock Screener.
EV Penny Stocks India (2024)
Name | Sub-Sector | Market Cap (Rs. in cr.) | Close Price (Rs.) | PE Ratio |
Motherson Sumi Wiring India Ltd | Cables | 31,027.34 | 70.18 | 48.61 |
Greaves Cotton Ltd | Industrial Machinery | 4,185.13 | 180.02 | -30.94 |
Servotech Power Systems Ltd | Electrical Components & Equipments | 4,303.47 | 192.73 | 365.94 |
Ashok Leyland Ltd | Trucks & Buses | 70,046.20 | 238.13 | 28.20 |
Hindustan Copper Ltd | Mining – Copper | 33,758.81 | 349.10 | 114.32 |
Exide Industries Ltd | Batteries | 43,481.75 | 511.55 | 49.60 |
Vedanta Ltd | Metals – Diversified | 201,843.68 | 516.15 | 47.62 |
Graphite India Ltd | Electrical Components & Equipments | 11,753.80 | 601.60 | 14.54 |
Himadri Speciality Chemical Ltd | Commodity Chemicals | 32,956.49 | 667.60 | 80.23 |
Hindalco Industries Ltd | Metals – Aluminium | 170,681.54 | 761.55 | 16.81 |
Note: The data is from 1st October 2024, and the Indian EV penny stocks are sorted from lowest EV share price to highest. The list is taken from Tickertape Stock Screener.
Top EV Companies in India – Based on ROI
Name | Sub-Sector | Market Cap (Rs. in cr.) | Close Price (Rs.) | PE Ratio | 5Y Average Return on Investment (%) |
Hero MotoCorp Ltd | Two Wheelers | 115,189.64 | 5,750.10 | 30.76 | 18.95 |
KPIT Technologies Ltd | IT Services & Consulting | 45,383.93 | 1,672.50 | 76.33 | 18.17 |
Exide Industries Ltd | Batteries | 43,481.75 | 511.55 | 49.60 | 15.71 |
Amara Raja Energy & Mobility Ltd | Batteries | 25,885.17 | 1,411.85 | 27.70 | 14.15 |
Tata Chemicals Ltd | Diversified Chemicals | 28,853.70 | 1,132.60 | 107.66 | 11.21 |
Maruti Suzuki India Ltd | Four Wheelers | 414,659.06 | 13,166.00 | 30.74 | 10.91 |
Vedanta Ltd | Metals – Diversified | 201,843.68 | 516.15 | 47.62 | 10.40 |
JBM Auto Ltd | Auto Parts | 21,682.98 | 1,833.70 | 121.24 | 9.44 |
Hindalco Industries Ltd | Metals – Aluminium | 170,681.54 | 761.55 | 16.81 | 8.29 |
Himadri Speciality Chemical Ltd | Commodity Chemicals | 32,956.49 | 667.60 | 80.23 | 8.00 |
Note: The data is from 1st October 2024, and the list of top 10 EV companies in India are sorted from highest 5-yr return on investment to lowest. The list is taken from Tickertape Stock Screener.
Features of the Best EV Stocks in India
When evaluating the best EV shares in India, investors should focus on several key features that signal a company’s growth potential and stability in the evolving EV sector share list.
- Innovative Product Lineup
A diverse and innovative range of EV products is offered by EV companies in India, including various vehicle types, that meet consumer needs and preferences. Companies in this category often make up the best electric vehicle stocks in India.
- Advanced Technology Adoption
Emphasis on adopting and developing advanced technologies, especially in EV battery stocks, electric drivetrains, and vehicle software, to enhance efficiency and performance.
- Scalable Manufacturing Infrastructure
Top 10 EV stocks in India display robust manufacturing capabilities that can meet the increasing demand for electric vehicle stocks. This includes the capacity for in-house component production.
- Strategic Industry Partnerships
Collaborations with tech firms, EV battery manufacturers, and other automakers to share knowledge, resources, and market access are crucial. These partnerships help companies strengthen their position among the top EV companies in India and the broader EV sector penny stocks in India.
- Government Policy Support
Companies that benefit from government incentives, subsidies, and supportive policies aimed at accelerating EV adoption are often found in the best EV stocks lists. EV penny stocks in India may also benefit from such policies.
- Solid Financials
Strong financial health characterised by steady revenue growth, profitability, and the ability to invest in R&D is a hallmark of electric company stocks. Companies with solid financials often dominate EV share list and represent top choices in the electric vehicle penny stocks category.
- Commitment to R&D
Ongoing investment in research and development helps drive technological advancements and maintain a competitive edge in the market. This factor is particularly important for companies offering electric vehicle related stocks in India.
- Sustainability Practices
Active engagement in sustainability and environmental responsibility, including efforts to minimise the environmental impact of production, is a strong indicator of long-term success for electric vehicle battery stocks in India.
- Global Market Presence
Companies with strategies for tapping into international markets, thus expanding their reach beyond domestic boundaries, are often listed in the top electric vehicle stocks and best EV stocks in India.
- Adaptability
Flexibility and adaptability to rapidly changing technology trends and consumer demands are crucial for long-term relevance and success in the EV sector stocks list.
The Growth of Electric Vehicles in India
Once considered a distant dream, electric vehicle stocks in India have emerged as one of the fastest-growing segments in India’s automotive sector by 2023. This shift is driven by evolving public perception, heightened awareness of pollution from internal combustion engine vehicles, and the introduction of more desirable and efficient EV products.
Since 2021, India has witnessed a steady increase in EV adoption, with sales skyrocketing by 82% in March 2023 alone, reaching 1,39,789 units compared to the previous year. The fiscal year 2023 saw an impressive 157% growth in overall sales, totalling 11,80,597 units, driven predominantly by electric two-wheelers. Leading this segment are Ola Electric, TVS Electric, and Ather Energy, all of which contribute to the rise in electric vehicle share list in India and EV penny stocks in India.
The electric four-wheeler market is also on the rise, with a notable 178% increase in registrations in 2022 and a 41.5% month-on-month sales boost in 2023. Tata Motors leads this space, commanding a significant market share, followed by MG Motor and Mahindra, all key players in electric vehicle stocks, making it an attractive option for investors in electric company stocks.
The overall EV market, although still a small fraction of India’s total automotive sector, is poised for substantial growth. It’s expected to grow by 49%, compounded annually by 2030. With plans for new entries by global brands and an uptick in commercial electric three-wheelers, India is steadily advancing towards a net-zero carbon emissions future. This is boosting interest in EV related stocks in India and increasing the value of top EV stocks in India.
Advantages of Investing in EV Sector Stocks
Investing in the electric vehicle (EV) sector presents a range of advantages, especially as global energy trends shift towards sustainability.
Growth Potential
Electric vehicle stocks in India are experiencing exponential growth, driven by increasing environmental concerns and government policies promoting cleaner energy sources. As traditional automotive markets stagnate, the EV sector share list promises significant expansion potential.
Government Incentives
Many governments worldwide, including India, are offering various incentives, such as tax rebates, grants, and subsidies for both EV manufacturers and consumers. This makes electric vehicle stocks in India a part of attractive investment opportunities.
Technological Innovations
The EV sector is at the forefront of technological innovation in the automotive industry, including advancements in EV battery stocks, autonomous driving, and vehicle connectivity. Companies leading in EV battery stocks in India may offer competitive advantages and create new revenue streams.
Environmental Impact
Investing in EV stocks India aligns with growing consumer and corporate emphasis on sustainability. By supporting the growth of the EV sector stocks in India, investors contribute to the reduction of greenhouse gas emissions and pollution. It also aligns their portfolios with global sustainability goals and the growth of the best electric vehicle stocks.
Market Diversification
The EV sector includes not just automakers but also battery manufacturers, charging infrastructure providers, and technology firms. This diversity allows investors to spread their risks across various sub-sectors within the broader EV market. It enhances portfolio diversification, including EV penny stocks in India and electric vehicle related stocks in India.
Regulatory Support
With increasing environmental regulations aimed at reducing carbon emissions, the EV sector stocks are likely to benefit from stricter emission standards imposed on traditional combustion vehicles. These regulations can accelerate the shift toward electric vehicles, boosting the market share of EV companies in India.
Early-Mover Advantage
For investors, investing in the top EV stocks in India early can be seen as an early-mover advantage, especially in regions where EV adoption is just beginning to take off. Investing in EV share list before they become mainstream can potentially yield higher gains as the sector matures.
Consumer Adoption Rates
As consumer preferences shift towards more sustainable and technologically advanced vehicles, the demand for electric vehicles is expected to continue rising. This growing consumer base will likely drive sales volumes and, in turn, the stock prices of companies within the EV sector, including the best EV stocks in India.
Risks Associated With Investing in EV Stocks
Investing in electric vehicle (EV) stocks, while promising, carries several risks that investors should consider. Understanding these risks can help make more informed investment decisions in this rapidly evolving EV industry.
Technological Obsolescence
Companies that fail to keep up with technological advancements risk becoming obsolete. New battery technologies and breakthroughs in charging infrastructure could render existing technologies outdated quickly, affecting the electric vehicle share list.
High Competition
The EV market has attracted many new entrants alongside established automotive giants pivoting towards electric models. This heightened competition can pressure profit margins and market share and ultimately affect the financial stability of companies, especially smaller players in EV penny stocks in India or top EV companies in India.
Regulatory and Policy Changes
Government policies greatly influence the EV sector. However, changes in the political climate or economic priorities can lead to the withdrawal or reduction of these incentives. Stricter regulations could also impose additional compliance costs, affecting electric vehicle related stocks in India and EV related stocks.
Supply Chain Volatility
EV manufacturing heavily relies on specific raw materials like lithium, cobalt, and nickel, essential for battery production. Fluctuations in the availability or price of these materials can affect production costs and timelines, posing risks for EV battery stocks. Geopolitical tensions and environmental regulations can also disrupt supply chains, affecting companies with exposure to EV stocks list.
Market Valuation Concerns
The hype surrounding the EV market can lead to inflated valuations that do not necessarily reflect the underlying economic fundamentals of companies. Such overvaluation can result in volatility and sharp price corrections if investor sentiment shifts or if companies fail to meet growth expectations. This is a particular concern for EV penny stocks list and the EV stock price.
Infrastructure Adequacy
The success of listed electric vehicle companies in India is partly dependent on the availability of a comprehensive charging infrastructure. In regions where this infrastructure is lacking or slow to develop, the adoption rate of EVs may be stifled.
Consumer Adoption Rates
Slower-than-expected adoption rates can affect the revenue streams of EV companies in India, particularly those involved in the best EV penny stocks in India below 1 rupee.
Financial Sustainability
Many EV companies, particularly startups, are operating at a loss as they invest heavily in research, development, and scaling operations. This can impact smaller companies, including those listed in the top 10 EV penny stocks in India.
Who Can Invest in the Best EV Stocks in India?
- Investors interested in long-term growth within the EV sector may find this appealing.
- Those comfortable with higher risk and market fluctuations might be drawn to EV stocks.
- Investors passionate about sustainable transportation and green energy could be attracted to this sector.
- Those fascinated by technological advancements in EV batteries and charging stations might see the potential here.
- Investors looking to diversify their existing portfolios might consider adding electric vehicle shares.
- Those comfortable with navigating the uncertainties of a developing industry might be interested in EV stocks.
- Investors who see potential in being early adopters might find electric vehicle shares intriguing.
How to Identify the Best EV Stocks in India?
Identifying the best EV stocks in India involves analysing several critical factors that indicate a company’s potential for growth, sustainability, and profitability within the emerging EV market. Here’s what you might consider when evaluating the top EV stocks in India:
Diverse Product Portfolio
Assess for companies with a wide range of EV products, including passenger vehicles, commercial vehicles, two-wheelers, and three-wheelers. To diversify your portfolio, a look at the EV solar AI shares list in India could offer exciting growth opportunities. This factor is particularly relevant when assessing the top EV companies in India.
Innovative Technology
Companies leading in EV technology could stand out in the market. This may enhance vehicle performance, safety, and user experience, positioning the company as a technology leader. Companies in this category often feature prominently in the best electric vehicle stocks list.
Robust Supply Chain and Manufacturing
Identifying EV company shares with strong supply chains for essential EV components and scalable manufacturing processes might indicate their ability to meet rising demand and maintain a competitive edge. This is crucial for companies listed in electric vehicle stocks in India.
Financial Health
Evaluate companies with healthy revenue streams, profitability, and positive cash flow, as these factors could enable continuous investment in R&D and strategic growth. Financially strong companies often feature among the top EV stocks in India and may also appear in EV penny stocks in India for investors looking at smaller, high-growth opportunities.
Sustainability Initiatives
Research about companies that are committed to using renewable energy in their manufacturing processes and actively working to reduce their carbon footprint. This is important for investors focused on electric vehicle related stocks in India and EV sector stocks in India.
Customer Base and Network
Companies that offer reliable support and easy access to charging may encourage more consumers to adopt EVs, improving the company’s position in the EV sector stocks list.
Export Potential
Companies that are expanding into global markets might offer additional avenues for growth and diversification, increasing their resilience. Export-driven companies often lead in the EV sector shares and are found in lists such as the top electric vehicle stocks.
By considering these factors, you may identify the best EV stocks in India and the electric vehicle share price that aligns with your investment goals. Combining this analysis with comprehensive research tools can help you make more informed decisions when looking at EV companies in India. Whether it’s the best electric vehicle stocks or EV penny stocks list for speculative investments.
How to Invest in Electric Vehicle (EV) Stocks in India?
If you are looking to invest in EV stocks in India, here’s a simple guide using a stock screener:
Step 1: Go to the Tickertape Stock Screener.
Step 2: Click on ‘+ Create’ in the ‘Stock Universe’ section to set up your stock universe.
Step 3: Add electric vehicle stocks in India by including companies that are mentioned in reliable articles or lists, focusing on those directly involved in the EV sector.
Step 4: Apply over 200 filters available on the platform to sort and analyse these stocks based on your investment preferences, such as market capitalisation, financial health, or growth potential.
Step 5: Review the filtered list, focusing on key metrics like electric vehicle share price, revenue growth, and technological innovation, to identify the stocks that best fit your criteria.
A thorough analysis of the stock is worthwhile before adding it to your portfolio. For this purpose, Tickertape provides you with comprehensive research, analysis, and investing tools. With Tickertape Stock Screener, you can list stocks based on your preferred criteria. There are over 200 filters for you to choose from, along with pre-built screens, which make your analysis faster.
Further, the Scorecard on every asset page helps you dive deeper into the stock and analyse the stock based on quantitative factors such as profitability, performance, entry and exit points, valuation, and growth and provides a sneak peek into the potential red flags in the stock. Research, analyse, and invest quicker than before because #TickertapeHaiNa! Become a Pro Member now!
To Wrap Up
The electric vehicle (EV) sector in India is rapidly expanding, bringing lots of opportunities for people looking to invest. However, the dynamic nature of this sector, characterised by swift technological evolutions and regulatory changes, underscores the importance of conducting thorough research before making any investment decisions. By being careful and making informed choices, you can make the most out of the growing EV market in India and help support a cleaner environment.
Frequently Asked Questions on EV Stocks
1. Which companies in India are providing 2-wheeler electric vehicles?
2. Which companies in India are providing 4-wheeler electric vehicles?
Several 4-wheeler manufacturers in India are providing electric vehicles. Tata Motors, Mahindra Electric, Hyundai, and Ultraviolette Automotive are well-known names and more.
3. What are the EV battery stocks in India?
Some of the electric vehicle battery stocks in India are Exide Industries, Amara Raja Batteries, Tata Chemicals, Hero MotoCorp, Maruti Suzuki, Himadri Speciality Chemical Ltd, etc.
4. What are the EV charging station stocks in India?
Some EV charging stocks in India are TATA Power Company Ltd, Power Grid Corporation of India Ltd, Indian Oil Corporation Ltd (IOCL), etc.
5. Who should invest in EV sector stocks?
Stocks in the EV sector are a good match for investors drawn to green technology and long-term growth prospects and who are aware of the risks involved. It’s important to make sure these investments fit with your own goals and how much risk you’re willing to take. Before putting your money into these stocks, carefully assess your risk appetite and investment goals.
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